The price of gold in Egypt Today, Thursday, September 18, 2025
The global price of gold
Gold prices fell on Thursday as the US dollar rose after the Federal Reserve's forecast on monetary policy, which was interpreted as less pessimistic than previously expected.
The US central bank cut interest rates by a quarter of a percentage point and signaled two more cuts this year, and investors saw the Fed's guidance as less pessimistic than expected.
The chairman of the monetary committee Jerome Powell highlighted the inflation risks caused by tariffs, stressed a meeting-by-meeting approach to additional cuts, which led to a strengthening of the dollar and a decline in gold.
Despite this decline, gold is still up about 9% this month, supported by geopolitical tensions, strong purchases from central banks, and inflows of ETFs.
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 4923 pounds.
The price of 24-carat gold in Egypt also recorded declines to the levels of 5626 pounds, while 18-carat gold is trading at the levels of 4220 pounds per gram.
On the other hand, the price of the dollar minted in Egypt rose today near the levels of 47.90 pounds, also the dollar price rose inside the official banks in Egypt to the levels of 48.29 pounds, and the dollar price in the black market remained steady at the levels of 48.45 pounds.
