The price of gold in Egypt Today, Wednesday, September 24, 2025
The global price of gold
Gold prices fell on Wednesday near the levels of 3,760 dollars per ounce, influenced by the rise in the US dollar after the speech of Federal Reserve Chairman Jerome Powell.
The precious metal is still close to the highs reached this week at the levels of 3,790 dollars per ounce.
Traders continue to estimate the expectations of two more rate cuts this year, and the growing expectations of deeper interest rate cuts by the Federal Reserve, coupled with growing geopolitical and economic uncertainty, are fueling this rise in prices.
On the other hand, we are waiting for personal consumption expenditures inflation data on Friday, as a reading below expectations may promote further monetary easing.
The price of gold in Egypt
Gold prices in Egypt fell on Wednesday, as the 21st highest traded gold in Egypt is now trading at levels of 5075 pounds.
The price of 24-carat gold in Egypt also recorded declines down to the levels of 5800 pounds, while 18-carat gold is trading at the levels of 4350 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 48.30 pounds, and a rise in the dollar price in the black market at the levels of 48.56 pounds.
