Gold prices fall at jewelry shops

Gold prices in the Egyptian market declined today, affected by the sharp drop in global gold prices, despite the rise in the US dollar against the Egyptian pound. The price of a gram of 21-karat gold started the day at approximately 6,430 pounds before falling to around 6,415 pounds, amid growing concerns over military tensions between Iran and Israel and their impact on foreign investment flows. Experts anticipate ongoing pressure on prices as the dollar continues to strengthen and U.S. bond yields rise.

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