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Gold per ounce exceeds 4200 dollars
Gold prices in Egypt rose significantly during July 2026, with the international market price of an ounce reaching $4,228. This led to a 5.3% increase in the local gold price, reaching a peak of 6,010 EGP per gram before closing at 5,940 EGP, marking a recovery after four months of losses. The appreciation of the US dollar by 4% in July, pushing it above 51 EGP, helped mitigate the local gold losses—especially amid rising demand for dollars due to geopolitical tensions related to the Iran war. According to data, the prices of the three main gold karats (24, 21, 18) continued to rise, with the gold pound reaching 47,440 EGP over the month.
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