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Gold prices in Egypt August 2
Gold prices in Egypt today, Sunday, August 2, 2026, remained stable after achieving strong gains in July, marking the first monthly increase in four months. The 21-karat standard, the most traded in the Egyptian market, traded at around 5,930 pounds per gram, with the gold pound holding steady at 47,440 pounds. This followed a 5.3% increase in July, supported by a rally in the local US dollar exchange rate and ongoing geopolitical tensions. The rise in the dollar and market expectations led to gold prices stabilizing within a range between 5,700 and 6,000 pounds, with further movements anticipated based on developments in the dollar and global monetary policies.
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