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بوابة أخبار اليوم
Gold pound value drops on September 10
The price of the gold pound in Egypt has decreased today to approximately 50,240 pounds, down from 50,480 pounds at the start of trading, recording a loss of 240 pounds. This decline is due to a drop in the international bullion price, which has fallen by over $35 per ounce on the global market. Market anticipation is focused on geopolitical developments and U.S. inflation data, both of which influence the U.S. Federal Reserve's monetary policy. The gold pound is made from 21-karat gold and weighs 8 grams. It features low manufacturing costs, ranging from 50 to 75 pounds per gram, with the possibility of partial refund when selling. There are two main types: the local (encased) gold pound, which is stamped and considered the best investment choice, and the old gold pound, made of historic coins with 21-karat purity.
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