The price of gold in Egypt Today, Friday, July 18, 2025
The global price of gold
Gold prices rose on Friday with the end of the trading week to trade near the levels of 3,355 dollars per ounce, but so far they are on a slight weekly loss amid uncertainty about interest rate cuts imposed by the Federal Reserve.
High interest rates usually weaken the attractiveness of interest-free bullion.
However, the precious metal is still up by 27% since the beginning of the year so far, due to geopolitical risks and concerns about the US dollar-denominated assets with its decline.
Gold prices have been trading in a narrow range recently, as the market is waiting for clarity on US trade policy, tariffs, and expectations of interest rate cuts.
The price of gold in Egypt
Gold prices rose in Egypt on Friday,with the 21st highest traded gold in Egypt now trading at yesterday's levels at 4662 pounds.
The price of 24-carat gold in Egypt also recorded levels of 5328 pounds, while 18-carat gold is trading at levels of 3996 pounds per gram.
On the other hand, the price of the dollar minted on Friday in Egypt fell to the levels of 49.30 pounds, while the dollar price inside the official banks in Egypt fell slightly to the levels of 49.47 pounds, the dollar price in the black market also fell to the levels of 49.73 pounds.
