Gold Price in Egypt Today, Wednesday, October 29, 2025
Global Gold Price
Gold rose again above $4,000 ahead of the Federal Reserve's interest rate decision, reaching near $4,020 per ounce on Wednesday. Traders widely expect the US central bank to cut interest rates by 25 basis points, boosting non-yielding assets like gold.
The 25-basis-point rate cut is fully priced in, leaving investors focused on Federal Reserve Chair Powell's remarks for clues as to whether another cut will follow in December.
The precious metal is still up more than 50% this year, supported by central bank buying and investors flocking to safe-haven assets as a hedge against geopolitical and economic uncertainty. We still expect further gains despite any downward correction or profit-taking on the precious metal.
Gold Prices in Egypt
Gold prices in Egypt rose today, Wednesday, after declines since last week. The most traded 21-karat gold in Egypt is currently trading at 5,390 Egyptian pounds.
The price of 24-karat gold in Egypt reached 6,160 Egyptian pounds, while 18-karat gold is trading at 4,620 Egyptian pounds per gram.
On the other hand, the price of the goldsmith's dollar fell today to 47.70 Egyptian pounds, with the official exchange rate in Egyptian banks dropping to 47.40 Egyptian pounds. The black market exchange rate also fell to 47.70 Egyptian pounds.
