16 Hrs
Source:
صدى البلد
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Gold rate today in shops 21K at 7,223 pounds
Gold prices in Egypt have increased, with the price of a 21-karat gram—the most traded—reaching 6,320 Egyptian pounds in October, marking its highest level for the month. This rise is due to a global increase in gold prices and a decline in U.S. Treasury bond yields. Worldwide, the ounce of gold rose by 0.83% to approximately $4,154, making the metal more attractive to investors. Gold prices in Egypt are influenced by several factors, including the global price of an ounce, the exchange rate of the Egyptian pound against other currencies, and local supply and demand levels. However, these forecasts are subject to change based on international economic and financial developments.
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