2023-05-06 08:31:00
Books – Islam Saeed
Saturday, May 06, 2023 11:31 AM
Price saw gold In Egypt today, Saturday, May 6, 2023, it moved towards rising to levels of 2625 pounds per gram, compared to 2590 pounds in some trading sessions yesterday, Friday, and the price of gold on the global stock market recorded 2016 dollars, with a noticeable decline following strong employment data in America.
Gold prices today:
21 karat records 2625 pounds.
18 karat records 2250 pounds.
24 karat records 3000 pounds.
The gold pound is 21,000 pounds.
The Gold Division is charging a fee for bullion
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 production of gold artifacts 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..
A member of the Board of Directors of the Minerals Division explained that the decline in production leads to a decline in demand, which will lead to factories bearing the burden of labor expenses in addition to fixed obligations, indicating that preserving trained workers has become a major challenge for the handicraft industry.
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