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Gold pound price reaches 49,800 pounds
Gold prices in Egypt today, Thursday, September 24, 2026, have declined due to recent negative pressures on prices, which were accompanied by a drop in the US dollar against the Egyptian pound. The price of 21-karat gold, the most traded in the Egyptian market, is approximately 6,225 Egyptian pounds per gram, after losing 75 pounds compared to the day before yesterday. It failed to surpass the 6,300-pound level, prompting a downward move in the bearish trend. The local gold price is heavily influenced by the movements of the global ounce and the decline of the US currency, as a decrease in the dollar reduces the cost of importing gold in local currency, impacting the final price of the precious metal. The market today is awaiting the movements of the global ounce and the dollar’s price, as well as the ability of the 21-karat gold to hold its ground amid the ongoing downward trend.
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