Islam Saeed Books
Tuesday, May 16, 2023 11:20 AM
to attest The price of gold in Egypt A noticeable decline since the beginning of this week, to drop from 19040 to 18320 pounds, so that the total drop is 720 pounds, due to the continued decline gold price In Egypt, there are all circulating bullets with several changes in the market, the most important of which is the government’s decision to allow the import of gold without customs for Egyptians working abroad.
The Gold and Precious Metals Manufacturing Division of the Chamber of Metallurgical Industries of the Federation of Industries has completed 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.
2023-05-16 08:20:00
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