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Gold Price July 24 2026 Decline
The article discusses the gold price situation in Egypt on Friday, July 24, 2026. It notes that prices remained stable after losing 50 pounds per gram by the end of Thursday, amid investors' anticipation of the upcoming U.S. Federal Reserve meeting, which could determine future gold price directions. It explained that the global increase in the ounce price and the lack of impact from fluctuations in the dollar exchange rate against the Egyptian pound contributed to the stability of local prices. The price of 24-karat gold per gram reached approximately 6,811 pounds, and 21-karat gold around 5,960 pounds, with demand remaining steady despite the price decline. This decline is attributed to the drop in the global ounce price, an improved gold pricing mechanism in the Egyptian market, supported by renewed buying interest and stabilized geopolitical conditions.
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