The price of gold in Egypt Today, Wednesday, October 1, 2025
The global price of gold
Gold prices rose to a new record high on Wednesday, as investors turned to safe-haven assets after the US government shutdown.
The precious metal rose by 1% to 3,895 dollars per ounce earlier in the session.
The shutdown could delay the release of key economic data, including Friday's jobs report, which markets are closely watching for signs of policy.
The latest US data pointed to unfavorable labor market conditions, which reinforced expectations of further interest rate cuts in the coming months.
The markets are now taking into account an almost certain cut in interest rates this month and a 76% chance of another cut in December.
This may cause a further rise in gold in the near and medium term, and any corrective decline currently expected will be an opportunity to restore the buying positions of gold, which is currently targeting the levels of 4000 dollars per ounce.
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 levels of 5230 pounds.
The price of 24-carat gold in Egypt also recorded levels of 5977 pounds, while 18-carat gold is trading at levels of 4481 pounds per gram.
On the other hand, the price of the goldsmith's dollar fell to the levels of 47.80 pounds, with declines in the dollar price within the official banks in Egypt at the levels of 47.97 pounds, and the dollar price in the black market fell to the levels of 48.20 pounds.
