Gold prices surge across Egypt after surprise 2% interest rate cut: See what each Karat costs now

Gold prices in Egypt rose sharply on August 29, 2025, with 21-karat gold hitting EGP 4,650, following a 2% interest rate cut by the Central Bank. The move, aimed at boosting economic activity, coincides with global gold gains amid a weaker dollar. Lower rates typically drive gold demand, especially as inflation eases and local GDP growth improves.