Gold prices in Egypt stabilized during the morning trading session on Tuesday, August 26, 2025, following limited declines recorded yesterday evening alongside a global drop in the ounce price. The 21-carat gold, the most traded locally, was priced at 4,565 Egyptian pounds per gram, while the gold pound reached 36,520 pounds. Globally, gold is trading near $3,350 per ounce as markets await the US Federal Reserve’s interest rate decision in September, with the probability of a rate cut rising to 84.1% from 70% last week. Ihab Wasif, head of the Gold and Precious Metals Division at the Federation of Industries, stated that the Egyptian market ended last week with a relative increase of 0.7%, equivalent to 30 pounds per gram, supported by a 1.1% rise in the global ounce price.

He added that gold movement in Egypt remains mainly linked to the global price rather than dollar fluctuations, noting that gold’s success in closing above $3,350 is a positive sign for the market in the near term despite ongoing volatility.