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Gold prices in Egypt rose today, Friday, August 14, 2026, influenced by a global increase in gold prices and a decline in the dollar against the Egyptian pound. The price of a gram of 24-karat gold is approximately 7,154 Egyptian pounds, while 18-karat gold is around 5,366 pounds. The gold pound (collective of 8 grams of 24-karat gold) has reached 50,080 pounds. Additionally, the price of a gram of 21-karat gold increased by about 20 pounds to reach 6,260 pounds, representing an increase of roughly 5.4% since the start of August and 7.4% since the beginning of 2026. Globally, the price of an ounce of gold rose by $26 to reach $4,376, with a monthly increase of 8.3%. The reasons for this rise include a weakening dollar, increased reselling by citizens, reduced demand, declining expectations for a U.S. interest rate hike following weak retail sales data, and China's continued support for investment demand by increasing its gold holdings.
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