The price of gold in Egypt Today, Thursday, March 20, 2025
The global price of gold
Gold prices fell on Thursday after the precious metal managed to achieve a new record high today near the levels of 3057 dollars per ounce, after the US Federal Reserve indicated that it is likely to cut interest rates twice during 2025.
Fed officials decided to keep interest rates steady at a meeting on Wednesday, in line with market expectations. The Fed also announced its intention to cut interest rates by 50 basis points this year. While low interest rates are usually a positive thing for non-interest-earning bullion, the precious metal retreated today thanks to the rise in the US dollar after policymakers acknowledged rising inflation levels.
The price of gold in Egypt
On the other hand, gold prices in Egypt fell on Thursday, and the 21st highest traded gold in Egypt recorded levels of 4285 pounds, after falling from its record levels today, which exceeded 4300 pounds.
The price of 24-carat gold in Egypt also recorded levels of 4897 pounds, while 18-carat gold is trading at levels of 3673 pounds per gram.
The price of the goldsmith's dollar in Egypt is also trading today at the levels of 50.20 pounds, while the dollar price inside the official banks in Egypt declined slightly today to settle near the levels of 50.65 pounds, with the dollar price on the black market in Egypt also falling to the levels of 50.95 pounds.
