Gold price in Egypt Today Monday 05 May 2025
The global price of gold
Gold prices rose on Monday as the dollar weakened, making up for some of last week's losses and now reaching levels of 3,300 dollars per ounce, although they are still down 2.2% for the week.
The precious metal declined over the past week as a result of declining demand for Safe Haven and increased risk appetite in the market, and economic data released on Friday showed a recovery in US employment, indicating that the economy is relatively strong despite trade pressures, and this may keep the Federal Reserve cautious of cutting interest rates in the short term, which is a barrier to non-interest-generating bullion.
What could push gold down again is the appearance of any signs of a thaw in trade talks between the United States and China, which could curb investor appetite.
The price of gold in Egypt
Gold prices in Egypt rose again strongly on Monday, as the 21st highest traded gold in Egypt is now trading at levels of 4,700 pounds.
The price of 24-carat gold in Egypt also recorded levels of 5371 pounds, while 18-carat gold is trading at levels of 4029 pounds per gram.
On the other hand, the price of the dollar minted in Egypt fell today to the levels of 50.50 pounds, while the dollar rate in official banks inside Egypt did not move from the levels of 50.75 pounds, and also the dollar rate in the black market at the levels of 51.01 pounds.
