Wednesday 29/October/2025 – 01:13 PM
Gold prices in Egyptian local markets rose again during midday trading on Wednesday, rising by about 200 pounds compared to midday trading on Tuesday, after a successive wave of decline for the yellow metal over the past two days.
This comes hours before the US Federal Reserve announced its decision on interest rates, which is scheduled to be issued this evening, amid high expectations for a new cut in interest rates for the second time in 2025.
Gold prices are rising again
According to data from the iSagha platform, gold prices in Egypt today are as follows:
24 karat gold price
The price of 24 karat gold was about 6,182 pounds.
Price of a gram of 21 carat gold
The price of a gram of 21 carat gold was about 5,410 pounds.
18 karat gold price
The price of 18 karat gold was about 4637 pounds.
14 karat gold price
The price of 14 karat gold was about 3,606 pounds.
The price of the gold pound
The price of the gold pound recorded about 43,280 pounds.
Price of an ounce of gold
The global price of an ounce of gold reached about $4,029.
Gold price forecasts during the coming period
Regarding the expectations of gold prices during the coming period, Saeed Embabi, Executive Director of the iSagha Gold Platform, indicated that there are expectations of a reduction in the US interest rate by the US Federal Reserve, and the direction of monetary policy to ease monetary policy, which leads to an impact on the rise in gold prices, and it is possible that it will record higher levels than recorded recently, especially in the event that central banks buy large quantities of gold, and the escalation of trade tensions between China and America, and the impact on the local market, with the movement of the dollar.
Engineer Saeed Embabi noted that the recent decline in local and global gold prices is temporary, called the profit-taking process, after the record rising wave, and the tendency of many investors to make purchases and create new points, indicating that the local markets should have calmed down a little after the recent wave of fluctuations, and that the decline process is an opportunity for investors to enter the market again.
