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Gold prices increase in Egypt
Gold prices in the Egyptian market rose today, Wednesday, July 22, 2026, supported by the global increase in gold prices and the ongoing reliance on gold as a hedge against inflation, despite the fluctuations in the US dollar, which increased by 0.61% against the Egyptian pound. The price of 24-karat gold per gram reached approximately 6,840 pounds, while 21-karat gold was about 5,985 pounds, an increase of nearly 15 pounds from the previous day. The price gap between the local and international markets remains low, and the market is functioning steadily despite regional tensions, with domestic demand for gold continuing as a store of value.
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