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Gold Gains Second Week Will you sell or hold?
Gold prices in Egypt rose for the second week in October 2026, supported by an increase in the dollar exchange rate, which reached 53.65 pounds—the highest level in five months. This boosted local gold pricing despite global pressures. The price of a 21-karat gram was about 6,250 pounds, while the fair value based on external factors exceeds it by approximately 65 pounds, due to weak domestic demand and increased supply. Meanwhile, the decision to buy or sell remains linked to cost analysis, global price movements, and the dollar rate. Although there are prospects for continued strong local dollar support, the market currently balances between dollar support and subdued local demand, making the future trend uncertain.
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