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بوابة أخبار اليوم
Gold pound price updates August 5 2026
The price of the gold pound in the Egyptian market increased significantly today, Wednesday, August 5, 2026, reaching approximately 47,360 Egyptian pounds, an increase of 400 pounds from the start of trading. This rise is due to the surge in global prices, which surpassed $100 per ounce, as well as geopolitical market tensions and economic outlooks related to interest rates. The gold pound is made of 21-karat gold and weighs 8 grams. It is available in half and quarter-pound denominations and is characterized by its low fabrication costs, which range between 50 and 75 pounds per gram. This makes it a popular choice for investors, as they can recover part of the manufacturing cost when selling. It is divided into two main types: the local (wrapped) gold pound, considered the best for investment, and the old British pound, dating back to 1911.
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