Hani Milad, head of the General Division for Gold and Jewelry at the General Federation of Chambers of Commerce, revealed the reasons for the crazy rise in gold prices during the recent period, pointing out that there were unprecedented requests during the last period for gold bars with a lack of supply for sale, which led to an increase in prices.
Hani Milad added, in a telephone interview to the “Red Line” program presented by the journalist, Mohamed Moussa, on Al-Hadath Al-Youm channel, that imports must be opened to control prices, and there are great difficulties in importing gold ore due to the lack of dollars and the lack of approval of banks to import.
And the head of the General Division of Gold and Jewellry at the General Federation of Chambers of Commerce continued that the international gold exhibition scheduled to be held next week will include major companies producing gold artifacts in addition to some countries with expertise in this activity, which aims to export artifacts abroad, which represents a quantum leap and the launch of globalization.