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Egypt's gold pound price steady
The price of the gold pound in Egypt today remains stable at 50,000 Egyptian pounds, with limited fluctuations in local gold prices due to the yellow metal's response to developments in global markets, the movement of the US dollar, and US bond yields. The price of 21-karat gold, the most traded karat in Egypt, recorded 6,100 pounds per gram, while prices for other gold karats range between 4,053 and 6,973 pounds. Gold prices in Egypt mainly move based on changes in the global spot ounce price, the US dollar exchange rate, and local demand levels, making the price of the gold pound susceptible to any fluctuations in the price of a 21-karat gram.
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