The price of gold in Egypt Today, Thursday, June 12, 2025
The global price of gold
Gold prices rose on Thursday towards the levels of 3,375 dollars per ounce, thanks to the demand for safe haven, especially after President Trump's negative statements about negotiations with Iran on the nuclear agreement.
The US delegation to the Iranian negotiations is scheduled to abstain from attending a meeting scheduled for Sunday, and the State Department and the Pentagon announced on Wednesday that the United States is moving to reduce its presence in parts of the Middle East to limited to core personnel, as tensions escalate in the region.
The weakness of the US dollar due to the US consumer price inflation data, which came weaker than expected, also contributed to expectations of the Federal Reserve cutting interest rates, which led to a further rise in the precious metal.
The price of gold in Egypt
Gold prices rose in Egypt on Thursday, with the 21st highest traded gold in Egypt now trading at yesterday's levels at 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 on Thursday in Egypt rose to the levels of 49.90 pounds, and the dollar price inside the official banks in Egypt also rose unexpectedly inside Egypt despite the global decline, and reached the levels of 49.80 pounds, and the dollar price in the black market rose at the levels of 50 pounds again up to the levels of 50.06 pounds.
