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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.

from World News, Today World News, Latest International News, World Breaking News, Trending News of World - Times of India https://ift.tt/wRXp2WK

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