15 Hrs
Source:
السويس بلدي
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Gold prices climb amid gains in 21-karat gold
Gold prices in Egypt increased significantly during the week, with the 21-karat gold reaching its highest level in 11 weeks before closing at 6,630 Egyptian pounds. This represents an increase of 380 pounds, driven by rises in global gold prices and a 1.3% appreciation of the dollar against the pound. Despite stable interest rates maintained at 19-20% by the Central Bank and inflation rising to 14.9% in July, domestic demand remained weak and selling activity increased.
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