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Silver prices fall this week reach 103 pounds
Silver prices in Egypt experienced a modest decline during the week from September 5 to September 12, 2026, due to the effects of geopolitical tensions and expectations of U.S. monetary policy on global markets. The price of 999-millimeter silver per gram reached approximately 103 Egyptian pounds, decreasing by about 0.94 pounds, or 0.9%. This grade is among the most commonly used in the Egyptian market and is directly affected by global silver prices and the local exchange rate of the dollar. Additionally, the 925-millimeter grade registered around 95.25 pounds, and the 900-millimeter grade about 92.75 pounds, with the dollar against the pound remaining steady at 51.41 pounds. This stability helped limit the local decline in silver prices amid pressures from the tightening of U.S. monetary policy and rising interest rates, while geopolitical tensions continued to support demand for precious metals as a safe haven.
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