Gold prices in Egypt stabilized on Sunday, August 17, 2025, for the second consecutive day, maintaining the recent decline recorded at the close of Friday's trading. The 21-karat gold gram saw a decrease of 40 Egyptian Pounds (EGP), while the Egyptian gold pound lost 320 EGP, according to the Egyptian Gold and Jewelry Division. This stability comes amidst the closure of global gold exchanges, leading to international prices holding steady around $3336.66 per ounce.

Globally, gold prices experienced a decline of 1.8% over the week, influenced by strong inflation data that diminished expectations for interest rate cuts. U.S. gold futures contracts remained relatively stable at approximately $3382.6 per ounce. The weakening of the U.S. dollar made dollar-denominated commodities more expensive for holders of other currencies. Other precious metals also saw declines; spot silver fell by 0.1% to $37.96 per ounce, marking a 1% weekly drop. Platinum lost 1.5% to close at $1336.80, and palladium decreased by 2.6% to $1116.52.

In the Egyptian domestic market, gold prices remained stable today, Sunday, excluding taxes and craftsmanship fees. The 24-karat gold gram was priced at 5205 EGP, 21-karat at 4555 EGP, 18-karat at 3904 EGP, and 14-karat at 3037 EGP. The Egyptian gold pound was valued at 36440 EGP. Gold bar prices also showed stability, with a 1-gram gold bar (24-karat) costing approximately 5371.43 EGP, a 2.5-gram bar at 13268.58 EGP, a 5-gram bar at 26382.15 EGP, a 20-gram bar at 105488.60 EGP, a 50-gram bar at 263571.50 EGP, and a 100-gram bar at 526943.00 EGP.

Key Indicators

The stability of gold prices in Egypt reflects global market trends, with inflation data and interest rate expectations influencing market dynamics.
Strong inflation data is a key indicator of the likelihood of delayed interest rate cuts, making gold an attractive hedge in times of economic uncertainty.

Regional Perspective

The stability of gold prices in Egypt, particularly for the 21-karat gram and the gold pound, following recent declines, indicates that the local market is reacting to global factors. This stability offers an opportunity for investors and traders in the local market to assess the situation after recent fluctuations. Monitoring global economic developments and their impact on the local exchange rate is crucial.

Immediate Implications

The local gold market may experience further stability or minor fluctuations in the coming days, depending on the development of global economic data and any local news regarding the foreign exchange market or monetary policies.
This presents an opportunity for investors who were waiting for price stabilization after recent declines, especially with continued volatility in other financial markets.

Analysis

The stability of gold prices in Egypt suggests a temporary equilibrium in the market, where global factors like inflation data and interest rate expectations compete with local factors such as supply, demand, and exchange rates. The recent drops in the gold pound price, amounting to 320 EGP, reflect the local market's sensitivity to external factors. With ongoing global economic uncertainty, gold remains an attractive investment option. However, investors are anticipating more clarity on the path of global interest rates before making significant investment decisions. It is advisable to monitor the developments in global gold prices, inflation reports, and any changes in the monetary policies of major central banks.