The price of gold in Egypt Today, Monday, October 6, 2025

The global price of gold

Gold jumps above USD 3,900 with safe haven traders and USD 4,000 levels in sight

Gold prices rose on Monday to a new record high of USD 3,949, as demand rose amid the government shutdown and debt problems, after a seven-week winning streak, gold continues its strong ascent at the beginning of the week.

Supported by expectations that the Federal Reserve will cut interest rates further this year, and with the US government shutdown continuing without a funding agreement in the Senate.

The markets now expect a probability of 95.7% for a rate cut in October, and 84.1% for another cut in December, which supports non-yielding gold. Meanwhile, the federal government shutdown is throwing more uncertainty on the economic outlook, delaying the release of key economic data that the Fed needs to make its next policy decision.

On the other hand, UBS is setting a bullish target price at USD 4,200 over the coming months.

The price of gold in Egypt

Gold prices in Egypt rose strongly on Wednesday, as the 21st highest traded gold in Egypt is now trading at the levels of 5258 pounds.

The price of 24-carat gold in Egypt also recorded levels of 6006 pounds, while 18-carat gold is trading at levels of 4504 pounds per gram.

On the other hand, the price of the goldsmith's dollar fell to the levels of 47.40 pounds, with declines in the dollar rate within the official banks in Egypt at the levels of 47.67 pounds, and the dollar rate in the black market also fell to the levels of 48.00 pounds.

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