The price of gold in Egypt Today, Wednesday, May 14, 2025
The global price of gold
Gold prices fell on Wednesday despite the decline in inflation data represented by the US Consumer Price Index, which came weaker than expected on Tuesday.
The precious metal experienced a sharp decline at the beginning of the week, as the US-China Trade Agreement boosted risk appetite, and then stabilized overall on Tuesday, as the latest US inflation data reinforced optimism about interest rate cuts later this year, and low interest rates usually increase the attractiveness of non-interest-generating bullion, enhancing the attractiveness of gold as a safe haven.
The price of gold in Egypt
Gold prices in Egypt fell on Wednesday, as the 21st highest traded gold in Egypt is now trading at levels of 4615 pounds.
The price of 24-carat gold in Egypt also recorded levels of 5274 pounds, while 18-carat gold is trading at levels of 3956 pounds per gram.
On the other hand, the price of the dollar minted today in Egypt rose to levels of 50.80 pounds, while the dollar price in official banks inside Egypt fell to levels of 50.50 pounds, and also the dollar price in the black market at levels of 50.77 pounds.
