Gold Price Plunges: 21 Carat Drop Today, August 21, 2025
Gold Prices Dip Amidst Anticipation for Powell’s Jackson Hole Speech
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Global and egyptian Gold Market Overview
Gold prices experienced a decline today, Thursday, August 21, 2025, both in Egypt and on the global market. This shift coincides with heightened investor anticipation for Federal reserve Chair Jerome Powell’s upcoming speech at the Jackson Hole symposium. Investors are closely watching for signals regarding the future path of U.S. monetary policy.
In instant transactions, gold prices retreated to $3,344.66 per ounce. U.S. gold futures for December delivery held steady at $3,388.70 an ounce, while the U.S. dollar index saw a modest increase of 0.2%.
Gold Prices in Egypt – August 21, 2025
Here’s a breakdown of gold prices in Egyptian pounds per gram, as of today:
| Carat | Price per Gram (EGP) |
|---|---|
| 24 Carat | 5,194 |
| 21 Carat | 4,545 (plus manufacturer’s fee) |
| 18 Carat | 3,895 |
Please note that the price of 21-carat gold does not include the manufacturer’s fee, which typically ranges from 100 to 150 Egyptian pounds per gram, varying by region and goldsmith.
The gold pound currently stands at 36,360 Egyptian pounds.
Global Market Outlook and Expert Analysis
Jerome Powell’s address at Jackson Hole is expected to provide insights into the Federal Reserve‘s economic outlook and potential adjustments to interest rates. According to analyst Edward Mir of Marx, the market has largely priced in the possibility of an interest rate reduction in September. However, any indication of further cuts in October, November, or December could weaken the dollar and provide a boost to gold prices.
The Federal Reserve has maintained stable interest rates since December. Current market indicators, as measured by the CME ”Fed Watch” tool, suggest a 79% probability of a quarter-percentage-point rate reduction in September.
