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Today's gold price report in Egypt shows stability across all gold karats and the gold pound following the ban on installment purchases by the General Authority for Financial Supervision. This measure aims to curb speculation in the local market. Meanwhile, prices are influenced by global ounce movements and the dollar exchange rate. The price of 24-karat gold is approximately 7,262 EGP per gram, while 21-karat remains steady at 6,370 EGP, and 18-karat is at 5,478 EGP. The gold pound is priced at 50,085 EGP. Analysis indicates that gold prices are fluctuating due to ongoing changes in the dollar exchange rate and global gold movements, which saw a 1.1% increase in the ounce to around $4,335, as prices attempt to recover important technical levels after a recent decline. The future of prices depends on whether the ounce can regain its support, and is affected by the dollar’s rise or fall, as well as US monetary policy decisions.
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