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بوابة أخبار اليوم
Gold pound price drops September 21, 2026
The price of the gold sovereign in the local Egyptian market decreased today by approximately 280 Egyptian pounds, reaching around 50,760 pounds without manufacturing fees, compared to the start of trading when it was 51,040 pounds. This decline coincided with a downward trend in global gold prices, as the price of an ounce in the international market dropped, leading to lower local gold prices. The sovereign is made of 21-karat gold and weighs 8 grams. It is among the least expensive to produce in terms of manufacturing costs, which range between 50 and 75 pounds per gram, and a portion of the manufacturing fee can often be recovered upon sale. This makes it a preferred investment option due to its low manufacturing costs and ease of trading.
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