Precious metals Division: Eid network revives the demand for gold in the provinces of Bahja
Ehab Wassef, a member of the Board of Directors of the Precious Metals Division at the Cairo Chamber of Commerce, revealed that there is an increase in the demand for gold in the governorates of Bahr during the Eid al-Fitr celebrations to buy the Eid network. He pointed out that the demand for the precious metal in Cairo is stable. So far compared to last year.
It is noteworthy that gold prices in Egypt are subject to supply and demand, as well as change with the rise or fall in the global market, as well as directly linked to dollar prices in the parallel market of the dollar and the banking market.
On the other hand, a member of the board of precious metals division, said that gold prices fell to their lowest levels in 2019, but it rose again during the last week as a result of the escalation of US Mexico.
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