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Gold prices surge at market close
Gold prices today, Friday, July 24, 2026, have increased in global markets, with spot contracts rising by approximately $25.13 per ounce (0.62%) to reach $4,074.69. Despite this rise, gold's performance over the medium term shows mixed signals: it has achieved an annual gain of 21%, but over the past six months, it recorded a decline of 18.21%, and over the last three months, a decrease of 13.46%. In the local market in Egypt, the price of 24-karat gold per gram is around 6,845 Egyptian pounds, while 21-karat is approximately 5,990 pounds, and 18-karat is about 5,134 pounds. The gold pound is valued at roughly 47,920 pounds. Price movements are expected to continue within volatile ranges due to fluctuations in global markets and interest rate policies.
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