Tuesday 21/October/2025 – 11:50 PM
The price of a gram of 18-karat gold in Egypt declined today, Tuesday, by a record rate of approximately 250 pounds, against the backdrop of a decline in the global price of the precious metal by about 6%, according to data from the Gold Division.
Price of a gram of gold
18-karat gold fell over the course of trading hours to 4,774 pounds on Tuesday evening, reviving the Egyptian market’s hopes for a return to higher sales.
Gold fell in spot transactions by 6%, reaching $4,136.72 per ounce.
Prices rose to their highest levels ever at $4,381.21 yesterday, Monday, recording a 60% increase this year due to a combination of geopolitical and economic uncertainty, continued purchases in central banks, strong demand for investment, and expected cuts in US interest rates.
“Yesterday’s decline in gold led to buying, but the sharp jump in volatility reached its highest levels last week, which raises caution and may encourage profit-taking in the short term at least,” said Tai Wong, an independent metals trader.
The dollar index rose 0.4%, making the precious metal more expensive for holders of other currencies.
