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Gold prices fall Saturday
Gold prices in Egypt declined on Saturday, August 29, 2026, amid ongoing stability and downward trends dominating the local market, in line with movements in global gold prices. The 21-karat gold, the most traded in the market, was sold at approximately 6,320 Egyptian pounds, while the 18-karat gold reached around 5,417.14 pounds. The decline is attributed to the market being influenced by international gold price movements, as well as developments in the US dollar exchange rate and local demand levels for the precious metal. Globally, the ounce was valued at about $4,456.40, with price fluctuations reflecting expectations regarding U.S. monetary policy, which directly impacts gold prices in the Egyptian market.
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