The price of gold in Egypt Today, Monday, June 23, 2025
The global price of gold
Gold futures fell as the dollar rose 0.4% to 3,371.10 dollars per ounce, despite rising at the beginning of the session to levels of 3,414.80 dollars per ounce.
The market opened today on an upward price gap near the levels of 3,395 dollars per ounce, especially after the precious metal benefited from safe haven demand after the United States joined Israel in striking Iranian nuclear facilities over the weekend.
However, the reaction of the markets to the weekend attacks was lukewarm, and then gold began to decline, and it seems that they are waiting to see what Iran will do next.
This could include closing the Strait of Hormuz, escalating attacks on Israel more frequently, or retaliating against U.S. targets.
Market sentiment is still far from risk-averse at the moment.
The dollar made some gains today, which made buying bullion more expensive for international buyers, and undermined its attractiveness as a safe asset even if temporarily, as expectations continue to point to strong rises for gold in the coming days.
Weekly gold analysis from here
Gold analysis
The price of gold in Egypt
Gold prices in Egypt fell on Monday, as the 21st highest traded gold in Egypt is now trading at yesterday's levels at 4,800 pounds.
The price of 24-carat gold in Egypt also recorded levels of 5491 pounds, while 18-carat gold is trading at levels of 4114 pounds per gram.
On the other hand, the price of the dollar minted on Monday in Egypt rose near the levels of 50.80 pounds, while the dollar price inside the official banks in Egypt rose slightly to the levels of 50.75 pounds, and the dollar price in the black market rose to the levels of 51.13 pounds.
