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Gold price in Egypt remains stable
Today, Saturday, August 1, 2026, gold prices in Egypt remained stable after yesterday's decline. The price of 21-karat gold, the most traded type, was around 5,950 Egyptian pounds per gram, down approximately 10 pounds. Globally, gold was priced at $4,043 per ounce. Local gold prices are influenced by several factors, including international market prices, the US dollar exchange rate, supply and demand dynamics, and import and manufacturing costs. Prices continue to fluctuate due to economic developments and interest rate changes. Experts advise continuous monitoring of prices before making a purchase, especially when there are disparities among different traders.
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