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Gold prices in Egypt declined today, Friday, August 14, 2026, due to a drop in global prices and profit-taking activities. The 21-karat gold price ranged between 6,190 and 6,240 Egyptian pounds, down approximately 135 pounds compared to previous levels. This decline coincided with a 0.5% drop in international gold prices to $4,330 per ounce, after reaching the highest level in over two months on Thursday. The increase was driven by market anticipation of the U.S. Federal Reserve's upcoming decisions on interest rates and inflation expectations. The 21-karat gold is the most traded in the Egyptian market, and its fluctuations influence the prices of gold jewelry and the gold pound, which today was offered at around 49,920 pounds for sale.
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