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Gold prices in Egypt fall to 21k and 24k
Gold prices in Egypt remained stable at the start of Sunday, June 7, 2026, following a sharp global decline over the past week due to U.S. labor market data that reinforced expectations of the Federal Reserve maintaining its tight monetary policy. This situation led to a 4.7% drop in the price of an ounce of gold to its lowest level in two and a half months, around $4,311. The prices for various gold karats reached 24-karat at 7,371 Egyptian pounds, 21-karat at 6,450 pounds, and 18-karat at 5,529 pounds, while the gold pound was valued at 51,600 pounds.
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