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Books: Dia Saka
Gold prices stabilized in Egyptian markets on Friday, August 23rd.
The Egyptian Central Bank decided Thursday at a meeting of the Monetary Policy Committee to reduce the interest rate from 1.5% to 14.25% for deposits and 15.25% for loans , the first reduction since February and the first since that date.
The price of precious metal in Egypt last week, a historic leap, where the caliber recorded 21,700 pounds, the highest price of the precious metal in history.
Gold prices in the domestic market are experiencing their greatest volatility since 2016.
The average gold prices in the Egyptian markets on Friday are as follows:
18 carats to 596 pounds per gram
21 caliber at 695 pounds per gram
24 caliber at 794 pounds per gram
The price of the gold pound 5560 pounds
PerceptiblePrices are free and may vary from one store to another.
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