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Gold price on July 25 2026: 21K at 5985 EGP
Gold prices in the Egyptian market rose at the beginning of July 2026, with the 21-karat gold reaching 5,985 Egyptian pounds after starting the week at 5,990 pounds. This represents a 3% increase over the week and brings the price close to the 6,000-pound mark per gram. The rise was driven by a 1.6% appreciation of the US dollar against the Egyptian pound during the week, which supported local gold pricing, despite the global price of gold having decreased by approximately 6.2% since the start of the year. The precious metal managed to break through a significant resistance level at 5,900 pounds, supported by ongoing buying momentum—particularly due to the holiday season, the return of expatriate workers, increased domestic demand, and rising price premiums. Globally, gold increased by 0.9% amid tensions in the Middle East and rising oil prices, renewing the appeal of gold as a safe haven. As long as prices remain above 5,900 pounds, the bullish trend is expected to continue.
Notice: This Is an AI-Generated Summary
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