Wednesday 26/November/2025 – 12:42 AM
The price of the gold pound in Egypt rose by about 320 pounds yesterday evening, Tuesday, benefiting from the movements of the precious metal globally, andRecord the price of the gold pound About 44,520 pounds, compared to the price of 44,200 pounds.
The price of the gold pound in Egypt
The price of a gram of 21 karat gold, the most famous in Egypt, was 5,565 pounds, the price of a gram of 24 karat gold was about 6,360 pounds, and a gram of 18 karat gold was about 4,770 pounds, according to the Gold Division.
Globally, gold prices rose yesterday, Tuesday, as US retail sales data, which came in below expectations, reinforced investors’ hopes that the Federal Reserve (the US central bank) would reduce interest rates next December.
Gold in spot transactions fell 0.2% to $4,130.85 per ounce by 1436 GMT.
The precious metal recorded its highest level since November 14 earlier in the session, and jumped by about 2% last Monday after a number of policymakers at the US Central Bank indicated their support for a third cut in interest rates during the current year, according to Reuters.
US gold futures for December delivery rose 0.8 percent to $4,127.40 an ounce.
“There is renewed hope for a rate cut in December based on the central bank’s recent dovish comments, and this data does not appear to change that,” said Peter Grant, vice president and chief metals analyst at Zaner Metals.
Retail sales rose less than expected in September, breaking a series of recent strong gains.
