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Gold prices on August 16 2026 remain stable
Today, the price of gold in Egypt remained at a record level for 21-karat gold, registering around 6,265 pounds per gram. This follows a decline last week due to profit-taking activities in international markets. Globally, gold ended the week at $4,387.80 per ounce, with investors awaiting its direction in the new week. Meanwhile, the dollar exchange rate in banks stayed steady at approximately 50.28 pounds, which contributed to the stability of the local gold price, primarily influenced by international gold prices and the dollar exchange rate.
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