Islam Saeed Books
Wednesday, May 17, 2023 12:04 PM
to attest The price of gold in Egypt Recording levels of 17,920 pounds in today’s trading, after a noticeable decline, due to the continued decline in the price of gold in Egypt for all traded bullets, with several changes witnessed by the market, the most important of which was the government’s decision allowing the import of gold without customs for Egyptians working abroad.
And it’s over Gold Division And the manufacture of precious metals affiliated to the Chamber of Metallurgical Industries in the Federation of Industries, from a proposal that will be submitted to the competent authorities to impose fees on bars from 1 gram to 100 grams, with the aim of raising the cost of bars in order to clear the way for the goldsmiths industry.
Mamdouh Abdullah, a member of the board of directors of the division, said that the gold jewelry industry is suffering greatly in the current period due to the reluctance to buy artifacts and the tendency to buy bullion, and this negatively affects the local industry, because the jewelry factories are labor-intensive, and the idea of the continued collapse of sales negatively affects the capabilities of the factories. in paying their obligations.
Mamdouh Abdullah stressed, in exclusive statements, the need to intervene to save the artifact industry, as there is a significant decline in the volume of gold artifact production by about 70 to 80% during the current period due to the drop in demand in favor of bullion and pounds, which requires the imposition of fees on bullion of all weights and even 100 gr.
2023-05-17 09:04:00
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