Gold Prices Surge in Egypt on Thursday, July 3, 2025 — 35 EGP Spike per Gram
Gold prices in Egypt saw a significant increase on Thursday, July 3, 2025, climbing by EGP 35 per gram across all carats, according to the latest update from Gold Era.
The price of 24-karat gold, known for its purity, rose to EGP 5,349 per gram for selling (approx. $108.39) and EGP 5,303 for buying (approx. $107.46).
Meanwhile, 21-karat gold, the most popular among Egyptians, reached EGP 4,680 per gram for selling ($94.83) and EGP 4,640 for buying ($94.02).
Prices for 18-karat gold climbed to EGP 4,011 per gram for selling ($81.28) and EGP 3,977 for buying ($80.59).
The price of a gold sovereign (1 gold pound) jumped to EGP 37,880 for selling ($767.58) and EGP 37,312 for buying ($756.07).
Global Gold Market Update
Globally, gold prices dipped in early Thursday trading as geopolitical tensions between the United States and Vietnam eased following a new bilateral trade agreement.
By 03:29 AM Abu Dhabi time, spot gold had dropped 0.3% to $3,345.57 per ounce, while U.S. gold futures edged down 0.1% to $3,356.60 per ounce.
Market participants are now awaiting the release of U.S. non-farm payroll data later today for clearer signals on the Federal Reserve’s interest rate trajectory.
U.S. President Donald Trump stated on Wednesday that the U.S. will impose lower-than-expected tariffs—around 20%—on a range of Vietnamese imports, signaling a softer stance amid trade negotiations. Vietnam is currently the 10th largest trading partner of the United States.