The price of the gold pound stabilized in Egypt today, Monday, October 20, 2025, at the beginning of the week’s trading, coinciding with the opening of the International Gold Stock Exchange above the level of $4,200 per ounce.
This stability reflects the state of caution in the local market after a wave of fluctuations, as the gold pound is directly affected by the movement of 21 carat, while investors monitor the trend of global prices amid expectations of continued support for the precious metal due to economic tensions and declining dollar returns.
Gold prices today
– Price of 24 karat gold: 6566 pounds
– Price of 21 carat gold: 5745 pounds
– Price of 18 karat gold: 4924 pounds
The price of the gold pound: 45,960 pounds
Ihab Wassef, Head of the Gold and Precious Metals Division at the Federation of Industries, confirmed that the world is witnessing one of the most violent waves of buying gold in its modern history, with the ounce recording a new record level at $4,380, an increase of $118 in just 24 hours, bringing the yellow metal’s gains to exceed 63% since the beginning of 2025, in an ascent that he described as “the strongest ever without any indications of an imminent decline.”
Wassef said in press statements that global gold prices continued to rise for the ninth week in a row, in the longest rising wave in 17 years, driven by the state of anxiety in global markets, the weakness of US regional banks, and the escalation of trade tensions between the United States and China, in addition to growing expectations of a reduction in US interest rates during the next two Federal Reserve meetings.
