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Gold prices update today 24K at 7,160 EGP
Today's report indicates that the price of 24-karat gold per gram in Egypt has reached 7,160 Egyptian pounds. The global markets are experiencing fluctuations due to anticipation of U.S. economic data, which influences interest rate movements. Factors such as the strength of the dollar and rising treasury bond yields are affecting gold prices. Prices for other gold karats vary, with 21-karat roughly at 6,265 pounds and 18-karat around 5,370 pounds. The price of a gold pound stands at 50,120 pounds, while the local ounce is approximately 222,676 pounds. These prices are mainly influenced by American political and monetary expectations.
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