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Egypt gold prices exceed global rates by 250 pounds per gram
Gold prices in the Egyptian market experienced noticeable declines over the past week, with the 21-karat gold reaching 5,975 Egyptian pounds, representing a drop of nearly 250 pounds from the international price due to increased investment demand for the metal. Despite global losses, with the ounce decreasing by 3.5% to $4,155, the gap between local and international prices remains around 250 pounds per gram. Experts expect prices to continue fluctuating, with the possibility of the ounce rising back to $5,000 by the end of the year.
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