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Gold in Egypt drops again
Gold prices in Egypt declined today, Tuesday, July 28, 2026, with the price of a 21-karat gram dropping by about 40 Egyptian pounds to reach 5,860 pounds. This comes amid anticipation of the results of the US Federal Reserve meeting, which may determine the direction of interest rates and global gold prices. This decrease follows a period of fluctuation in the local market, with prices influenced by movements in the dollar and the performance of the gold ounce in the international market, where gold is still close to the level of $4,090. Gold prices in Egypt are constantly affected by exchange rate developments and global market movements, as investors currently await the US Federal Reserve’s decision and US inflation data.
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