The price of gold in Egypt Today, Tuesday, September 23, 2025
The global price of gold
Gold prices continue to rise, recording an all-time high on Tuesday, supported by expectations that the Federal Reserve will make additional cuts to interest rates this year, gold prices are currently at levels of 3,790 dollars per ounce, we can now see some correction as profit-taking after approaching psychological resistance levels of 3,800 dollars per ounce.
The price of gold has risen by 43.5% this year, driven by strong demand for safe havens, ETF inflows, a weaker dollar, and central banks continuing to diversify their investments away from the dollar.
On the other hand, traders are waiting for Fed Chairman Jerome Powell's speech today to find out more political indicators, and we are also waiting for Friday's personal consumer spending data in the United States, which may strengthen the argument for additional monetary stimulus.
The price of gold in Egypt
Gold prices in Egypt rose strongly on Tuesday, with the 21st highest traded gold in Egypt now trading at levels of 5100 pounds.
The price of 24-carat gold in Egypt also recorded strong rises to the levels of 5829 pounds, while 18-carat gold is trading at the levels of 4371 pounds per gram.
On the other hand, the dollar prices did not move much today, and the dollar price is still trading near the levels of 47.90 pounds, with a slight rise in the dollar price inside the official banks in Egypt to the levels of 48.28 pounds, and a rise in the dollar price in the black market at the levels of 48.54 pounds.
