The price of gold in Egypt Today, Tuesday, September 16, 2025
The global price of gold
Gold prices rose on Tuesday, setting a new record high, as expectations of an interest rate cut by the Federal Reserve affected the US dollar.
Gold prices rose to a new historical peak near the levels of 3700 dollars per ounce, specifically at the levels of 3697 dollars per ounce, as the reduction of interest rates by 25 basis points is fully calculated, which shifts attention to the pace of easing monetary policy in the future.
The markets will be closely watching the statements of the chairman of the Federal Reserve, Jerome Powell, to draw insights on the inflation outlook, the weakness of the labor market, and the risks related to tariffs.
On the other hand, a US appeals court rejected an emergency request from the Trump administration to dismiss Lisa Cook, the governor of the Federal Reserve, before the meeting.
The price of gold in Egypt
Gold prices rose strongly in Egypt on Tuesday, with the 21st highest traded gold in Egypt now trading at levels of 4965 pounds.
The price of 24-carat gold in Egypt also rose to levels of 5674 pounds, while 18-carat gold is trading at levels of 4256 pounds per gram.
On the other hand, the price of the goldsmith's dollar in Egypt did not move today and is trading near the levels of 47.80 pounds, with a slight decline in the dollar rate within the official banks in Egypt to the levels of 48.25 pounds, and a slight rise in the dollar rate in the black market at the levels of 48.53 pounds.
