Gold Prices in Egypt Today, Monday, August 11, 2025: 21-Carat Rate Falls by EGP 20
Gold prices in Egypt showed mixed movement on Monday, with selling prices declining by EGP 20 while buying prices edged up by around EGP 4.
Domestic Gold Prices
According to egypt.gold-price, the price of 24-carat gold reached EGP 5,280 ($108.88) per gram for selling and EGP 5,257 ($108.41) for buying.
The 21-carat gold — the most traded in Egypt’s market — stood at EGP 4,620 ($95.27) for selling and EGP 4,600 ($94.86) for buying.
For 18-carat gold, prices recorded EGP 3,960 ($81.66) for selling and EGP 3,943 ($81.31) for buying.
The price of the gold sovereign (8 grams of 21-carat gold) was around EGP 36,960 ($762.16) for selling and EGP 36,800 ($758.86) for buying.
Global Gold Market
Globally, spot gold prices slipped 0.6% to $3,378.49 per ounce by 09:21 Abu Dhabi time, after hitting their highest level since July 23 in Friday’s session. U.S. gold futures for December delivery fell 1.4% to $3,441.20.
Matt Simpson, senior market analyst at City Index, noted that easing geopolitical tensions over the war in Ukraine contributed to the decline in gold, following Friday’s announcement that U.S. President Donald Trump will meet Russian President Vladimir Putin on American soil.
Trump confirmed on Friday that the meeting will take place on August 15 in Alaska to negotiate an end to the war in Ukraine.
This week, investor focus will also be on U.S. consumer price data due Tuesday, expected to show a 0.3% monthly rise in core inflation, pushing the annual rate to 3.0% — above the Federal Reserve’s 2% target.
A softer-than-expected U.S. jobs report last week strengthened market expectations of an interest rate cut by the Federal Reserve in September, with futures pricing in nearly a 90% probability of at least one more cut before year-end.
Gold, a non-yielding asset, typically benefits from a lower interest rate environment.
Meanwhile, gold speculators on the COMEX exchange increased net long positions by 18,965 contracts to 161,811 in the week ending August 5.