The price of gold in Egypt dropped by 120 pounds at a time, from 4,358 dollars to 4,221 US dollars per pound, which contributed to a significant drop in the price of gold on the 21st day, which is the most sold in the country.
today’s gold price
The 24-day gold reaches 6,525 pounds
The gold on the 21st is up to 5,710 pounds
آحب عيار 18 reaches 4,894 pounds
Al-Junieh Al-Dahaab reaches 45,680 pounds
The price jump
Ihab Wasif, head of the Gold and Precious Metals Division at the Union of Industries, confirmed that the world is currently witnessing one of the strongest gold buying waves in modern history, where gold reached a new record level of $4,380, an increase of $118 in just 24 hours. And so, the profit of the yellow metal exceeded 63% from the beginning of the year 2025, and it was described as “the strongest ever, without any indicators of short-term decline”.
He explained that the global gold prices reached their highest level in the ninth consecutive week, recording the longest upward trajectory in 17 years. This trend is attributed to anxiety in the global markets, the weak performance of American regional banks, the escalation of trade tensions between the United States and China, and the growing expectations that American interest rates will be cut at the next Federal Reserve meeting.
He explained that this historic rise in gold prices is due to a strong wave of purchases by central banks around the world, led by the Chinese central bank, which continued its purchases of gold for the eleventh month in a row. He also explained that the huge flows to investment funds dealing in gold are driven by increased consumer demand in Asian markets, especially in India, where demand is boosted by the festival season.
He added that the price of gold may continue to rise, close to $4,900 per ounce in the medium term, according to Gold Man Sachs, especially if the American Federal Reserve maintains a cautious approach towards lowering interest rates. He pointed out that the recent statements by the Federal Reserve officials, including Jerome Powell and Christopher Waller, boosted investors’ expectations with further reductions in interest rates, which supports the upward trend.
And in relation to the local market, it is clear that the price of gold in Egypt continues to record new benchmark levels. The most traded gold price reached 5,840 pounds on Friday, up from 5,820 pounds yesterday, after crossing the 5,800 pound mark for the first time in its history.
He explained that this rise was the result of the global gold price rise, while the impact of the dollar price was relatively limited.
He pointed out that the local market is witnessing a decline in sales despite the continuous increases, adding that traders are watching the price of gold globally, even if there are no signs of a decline.
He confirmed that the general trend is still upward, globally and locally, with the expectation of continued demand for gold, which is safe, in light of economic and geopolitical risks.
He pointed out that in 2025, “the historical record was recorded, and the map of the international investments in the safe assets during the coming years”.
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