2023-05-11 05:00:00
Books – Islam Saeed
Thursday, May 11, 2023 08:00 AM
to attest The price of the gold pound In Egypt today, remarkable stability is at the same levels as yesterday, Wednesday, and the gold pound consists of 8 grams of 21 karat, which is the most traded in Egypt, and the 21 gram recorded a price of 20,440 pounds.
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 regarding 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.
And he stressed that imposing fees on bullion and gold pounds in order to stimulate the movement of demand for gold artifacts and operate factories, especially since the factories’ capabilities to pay obligations are declining with a significant drop in sales..
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