The price of gold in Egypt Today Monday, January 27, 2025
The global price of gold
Gold is declining as the dollar rose during Asian trading on Monday, awaiting the Federal Reserve's decision this week, as attention turns to the Fed's first meeting in 2025 for further guidance on the path of interest rates.
Expectations indicate that the Federal Reserve will keep the interest rate unchanged, despite Trump's moves to reduce interest from the Federal Reserve and also the rest of the central banks in the world.
The price of gold in Egypt
On the other hand, gold prices in Egypt are trading today, Monday near the levels of last week, where the price of the 21st highest traded gold in Egypt reached the levels of 3855 pounds.
The price of 24-carat gold in Egypt also recorded strong rises today towards the levels of 4406 pounds, while 18-carat gold is trading at the levels of 3304 pounds per gram.
The price of the dollar minted in Egypt rose on Monday to trade at the levels of 49.60 pounds, but the dollar price inside the official banks today fell today to the levels of 50.31 pounds, with the dollar price in the parallel market inside Egypt to the levels of 50.56 pounds.
