Gold Prices Rebound Globally Amid Middle East Tensions – Egypt’s 21K Gold Holds Steady on June 17, 2025
Gold prices witnessed a fresh global uptick on Tuesday, June 17, 2025, amid escalating geopolitical tensions in the Middle East, particularly the ongoing Israeli-Iranian conflict. Locally, gold prices in Egypt remained stable across most categories, following a recent drop that saw the 21-karat gold rate fall by EGP 60 per gram.
Egypt’s Gold Prices – Tuesday Update
According to the latest figures from the General Division for Gold and the global gold exchange:
24K gold: EGP 5,531 per gram
21K gold: EGP 4,840 per gram
18K gold: EGP 4,148 per gram
Gold pound (gheinah dahab): EGP 38,720
When factoring in manufacturing fees, the retail price of 21K gold typically includes an additional EGP 100–200 per gram.
Global Market Movement
On the international front, spot gold rose 0.3% to $3,393.64 per ounce as of Tuesday morning, partially recovering from Monday’s 1% decline. U.S. gold futures, however, edged slightly lower by 0.16%, settling at $3,411.80.
Tim Waterer, Chief Market Analyst at KCM Trade, noted:
> "Market sentiment continues to swing between escalation and de-escalation in the Middle East. These shifting dynamics are pushing gold prices to oscillate around the $3,400 mark."
The geopolitical uncertainty has reinforced gold's role as a safe-haven asset, with investors turning to the metal as a hedge amid fears of broader regional instability.
Outlook
With markets remaining volatile and no clear resolution in sight in the Middle East, analysts expect gold prices to remain sensitive to any major geopolitical developments. In Egypt, local prices may continue to reflect these international movements in tandem with fluctuations in the exchange rate and domestic supply-demand factors.