Gold Prices in Egypt Drop Sharply on Wednesday, August 20, 2025
Gold prices in Egypt continued their downward trend on Wednesday, August 20, 2025, with the yellow metal losing nearly EGP 10 per gram across all categories.
Domestic Gold Prices
24-karat gold: EGP 5,165 ($106.59) per gram for sale, EGP 5,142 ($106.12) for purchase.
21-karat gold (the most traded in Egypt): EGP 4,520 ($93.28) for sale, EGP 4,500 ($92.87) for purchase.
18-karat gold: EGP 3,874 ($79.95) for sale, EGP 3,857 ($79.61) for purchase.
Gold pound (8 grams of 21-karat): EGP 36,160 ($742.93) for sale, EGP 36,000 for purchase.
Global Gold Prices
Globally, gold slipped to its lowest level in nearly three weeks on Wednesday as a stronger US dollar weighed on demand, while investors awaited signals on monetary policy from the Federal Reserve’s annual Jackson Hole symposium.
Spot gold was down 0.1% at $3,313.51 per ounce as of 06:40 Abu Dhabi time, after hitting its weakest level since August 1. US gold futures for December delivery also fell 0.1% to $3,355.50.
Kelvin Wong, senior market analyst at OANDA, said the dollar’s strength and improved risk appetite amid recent geopolitical developments were pressuring gold, with markets looking ahead to Fed Chair Jerome Powell’s speech at Jackson Hole.
The US dollar index climbed to its highest level in over a week, making gold more expensive for holders of other currencies. Investors also await the minutes of the Fed’s July meeting, due later today, for further clues on interest rate policy.
Gold typically performs well in periods of lower interest rates and heightened uncertainty. Meanwhile, geopolitical concerns remain in focus, after US President Donald Trump ruled out deploying ground troops to Ukraine but left open the possibility of aerial support as part of a broader deal to end the Russia-Ukraine war.