Gold prices in Egypt remained stable on Sunday, August 17, 2025, holding their ground after a notable decline in the preceding days. The 21-carat gold, which is the most traded among consumers, experienced a drop of approximately 40 Egyptian Pounds (EGP), sparking interest from traders and investors regarding the latest updates. This stability coincides with the goldsmiths' holiday, which reduced buying and selling activity and influenced market dynamics.

According to the latest official data released by the General Syndicate of Goldsmiths, the price of 24-carat gold per gram reached 5205.71 EGP today. The price of 21-carat gold per gram was recorded at around 4555 EGP, while 18-carat gold per gram reached 3904.29 EGP. The gold sovereign's price was 36440 EGP. On the global front, the price of gold per ounce was approximately $3339, reflecting international market trends and their impact on local markets.

Key Indicators

The stability of gold prices suggests the market is awaiting global and local economic developments, potentially presenting an opportunity for investors to enter at reasonable prices before future movements.
The previous day's drop of 40 EGP in 21-carat gold price is a significant indicator of price volatility, requiring close monitoring of upcoming changes.

Regional Perspective

In Egypt, gold is traditionally considered a safe haven. Its stability or decline directly affects citizens' purchasing power and investment decisions. The decrease in the price of 21-carat gold presents an opportunity for a wider segment of consumers to own gold, while major investors await indicators of a potential rise to determine the optimal buying time.

Immediate Implications

The market is expected to witness active movement once the goldsmith shops resume full operations, which may lead to price changes based on demand and supply volume.
Investors should monitor the global ounce price and any economic news that might affect the dollar's value or interest rates, as these factors have a direct impact on local gold prices.

Analysis

The stability of gold prices today, following the recent decline, reflects a temporary balance in the Egyptian market. The data indicates that the market is significantly influenced by global factors and local holidays. The price of 21-carat gold serves as a vital indicator of purchasing power, and the recent drop might encourage increased demand in the short term. However, investors must exercise caution and monitor global market trends, particularly inflation data and interest rates, which will determine the trajectory of gold prices in the coming period.