The latest gold prices in Egypt are as follows:
24-karat: 5,782 EGP/grams
21-karat: 5,060 EGP/grams
18-karat: 4,337 EGP/grams
Gold Pound: 40,480 EGP
The slight uptick in local and international gold prices on
Wednesday was driven by minor fluctuations in the global market price per
ounce.
This comes after the U.S. Federal Reserve announced its first interest rate cut of 2025, lowering rates by 25 basis points to a new range of 4% to 4.25%. The move follows pressure from U.S. President Donald Trump to stimulate the economy, even as Fed Chairman Jerome Powell maintains a cautious stance.