Urgent .. Gold prices are the second day of Eid .. The last update before buying the network – ryan
Gold prices in Egypt during the trading today, Saturday, June 7, 2025, which coincides with the second day of Eid Al -Adha, violated all the expectations that were indicating the possibility of their rise or at least their stability, as prices recorded a remarkable decline compared to their levels during the first day of the holiday, in an unexpected surprise for many followers and experts in the gold market.
The estimates indicated that the prices would witness a kind of rise in conjunction with the Eid season, in which the demand for buying is abundant, especially the network that is one of the basic rituals in engagement and marriage parties, which usually increases during long holidays and religious occasions such as Eid al -Adha, but the market is a completely opposite direction this time.
Gold prices today
According to the Gold Chamber, and the local and international price portal affiliated to the Council of Ministers, and according to the gold price page today in Egypt, which provided a periodic price update around the clock, prices fell in trading today, Saturday, the 7 June, at a value ranging from 10 to 20 pounds according to the type of caliber, and the following levels were recorded:
عيار الذهب سعر البيع سعر الشراء عيار 24 5320 جنيه 5297 جنيه عيار 22 4877 جنيه 4856 جنيه عيار 21 4655 جنيه 4635 جنيه عيار 18 3990 جنيه 3973 جنيه عيار 14 3103 جنيه 3090 جنيه عيار 12 2660 جنيه 2649 جنيه الاونصة 165471 جنيه 164760 جنيه الجنيه الذهب 37240 جنيه 37080 جنيه الأونصة بالدولار 3310.82 دولار آخر تحديث للأسعار منذ الساعة: 8:11 م
Usually gold prices in Egypt are affected by a number of factors and standards, on top of which is the state of supply and demand in the markets, in addition to the price of an ounce at the global level, as well as the exchange rate of the dollar against the pound, and the level of interest on certificates, which recently witnessed the reduction of the price by 3.25% in two consecutive meetings of the Monetary Policy Committee in a precedent that did not occur from 5 years since 2020.
During the recent period, gold prices witnessed a state of instability, as prices witnessed an unprecedented rise in the middle of last April, with US President Donald Trump’s decisions, to impose commercial fees on dozens of countries and war between the United States of America and China, and after understandings the prices began to decline gradually, but all expectations are possibly the price of gold during the coming period.