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Gold prices surge on July 21
Gold prices in Egypt experienced a sudden rise today, Tuesday, July 21, 2026, boosted by a strong surge in global markets where the price of an ounce surpassed $4,000 for the first time in several sessions, reaching approximately $4,077. This led to an increase in the prices of various gold denominations locally, with 24-karat gold recording around 6,754 Egyptian pounds and 21-karat gold approximately 5,910 pounds. The price of the gold pound reached 47,280 pounds. This rise is attributed to continued investor interest in gold as a safe haven amid global geopolitical tensions, with reports confirming that the recovery in domestic demand and the stability of the global market above the $4,000 level will support gold prices in Egypt in the coming period.
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