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Gold at 7,200 pounds without craft fees
The price of gold in Egypt remains steady at 7,200 Egyptian pounds per gram of 24-karat gold. This comes amidst a 2% increase in global demand for gold in the first quarter of 2026, fueled by higher sales of bars and coins, as well as a 3% rise in central bank purchases. Currently, the gold price is influenced by military tensions in the Middle East, political uncertainty, and expectations that gold will act as a hedge against inflation. Price fluctuations during the day range between 15 to 20 pounds due to global market price swings and supply and demand factors.
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