Gold Price in Egypt Today, Friday, October 17, 2025

Global Gold Price

Gold broke the $4,380 per ounce barrier this morning, up 65% year-to-date, marking its brightest year since its 136% surge in 1979.

This surge is so sharp and powerful, no one dares bet on it.

This week alone, gold has risen a whopping 8%, and is set to complete its ninth consecutive week of gains, a strong run that has added 33% to the metal's value.

The reason for this surge is nothing out of the ordinary; it's the usual mix of geopolitical uncertainty, trade war concerns, a weak labor market, and the growing likelihood of interest rate cuts.

Gold's strong rally is being fueled by heavy buying from central banks, exchange-traded funds (ETFs), funds, retailers, and ordinary consumers who want to move away from the dollar and hold onto their cash.

The US government shutdown also had some impact on this rally.

One factor that may be driving this rise is that regional banks in the United States are likely engaging in some suspicious activity.

Two of these banks triggered a massive sell-off in their stocks on Thursday after news spread that they were under pressure due to their failure to repay their loans, leading to a shift to the safe haven of precious metals.

Gold Price in Egypt

Gold prices in Egypt rose sharply on Friday, with 21-karat gold, the most traded in Egypt, currently trading at EGP 5,845.

The price of 24-karat gold in Egypt also reached EGP 6,680 per gram, while 18-karat gold is trading at EGP 5,010 per gram.

On the other hand, the price of the dollar rose to EGP 48.10, while the dollar exchange rate in official banks in Egypt remained stable at EGP 47.65. The dollar exchange rate on the black market also remained stable at EGP 47.90.

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