The price of gold in Egypt Today Tuesday 02 September 2025
The global price of gold
Precious metals prices rose to record levels today on the back of hopes of lowering US interest rates and a weak dollar, as gold prices reached their highest levels in history today at 3,508 dollars per ounce, supported by expectations of an imminent cut in interest rates and growing concerns about the independence of the Federal Reserve. Low interest rates usually enhance the attractiveness of interest-free bullion.
Investors are also looking for safe haven assets in light of continuing geopolitical, economic and trade risks, and the recent rise in gold prices was after Federal Reserve Chairman Jerome Powell indicated the possibility of cutting interest rates this month.
The price of gold in Egypt
Gold prices in Egypt rose on Tuesday for the sixth day in a row in a strong way,as the 21st highest traded gold in Egypt is now trading at levels of 4730 pounds.
The price of 24-carat gold in Egypt also rose to levels of 5406 pounds, while 18-carat gold is trading at levels of 4054 pounds per gram.
On the other hand, the price of the goldsmith's dollar in Egypt fell slightly today to the levels of 48.20 pounds, and the dollar price is trading inside the official banks in Egypt at the levels of 48.63 pounds, and also the dollar price in the black market around the levels of 48.89 pounds.
