The price of gold in Egypt Today, Wednesday, July 23, 2025
The global price of gold
Gold futures in general stabilized, maintaining their high prices after rising for three consecutive sessions, with a rise of more than 3% during this week, as gold gains are mainly supported by the escalation of geopolitical risks, optimism about the easing of US monetary policy, and the continuation of central bank purchases.
If the geopolitical and economic uncertainty continues, we expect gold to continue rising with some current corrections due to a wave of optimism in the markets following the announcement of a series of trade deals, which reduced the attractiveness of the yellow metal in the near term.
We are waiting for the decision of the European Central Bank tomorrow and expectations indicate that interest rates will remain unchanged during this meeting.
The price of gold in Egypt
Gold prices rose in Egypt on Wednesday,with the 21st highest traded gold in Egypt now trading at yesterday's levels at 4695 pounds.
The price of 24-carat gold in Egypt also recorded levels of 5366 pounds, while 18-carat gold is trading at levels of 4024 pounds per gram.
On the other hand, the price of the dollar issued on Wednesday in Egypt fell to the levels of 48.80 pounds, while the price of the dollar inside the official banks in Egypt rose to the levels of 49.19 pounds, and the price of the dollar in the black market rose to the levels of 49.50 pounds.
