Gold Price in Egypt Today, Wednesday, October 8, 2025
Global Gold Price
Gold prices rose on Wednesday, nearing $4,050 per ounce, as safe-haven demand increased due to political uncertainty. The US government shutdown and political unrest in France and Japan exacerbated market concerns, fueling the rally. Bullion prices also received support from expectations of further US interest rate cuts, strong inflows from exchange-traded funds (ETFs), and continued central bank purchases. Central bank gold purchases in emerging markets are expected to continue for another three to five years.
Central banks are seeking to reduce their reliance on the US dollar as a reserve currency and mitigate the impact of US sanctions.
Gold Price in Egypt
Gold prices rose sharply in Egypt on Wednesday, with 21-karat gold, the most traded in Egypt, currently trading at EGP 5,415.
The price of 24-karat gold in Egypt also reached EGP 6,189, while 18-karat gold traded at EGP 4,641 per gram.
On the other hand, the price of the goldsmith dollar remained at EGP 47.50, with a slight decline in the dollar price in official banks in Egypt to EGP 47.65. The dollar price also declined on the black market to EGP 47.90.
