Gold prices rose today to levels of 1910 dollars, which is the highest price of gold on global stock exchanges due to the repercussions of tension between Russia and Ukraine, which increases the demand for safe havens, especially gold, and gold in Egypt jumped about 7 pounds today to rise 21 karat, which is the best seller in Egypt from 829 to 836 pounds per gram.
Gold prices now 18 karat records 716 pounds, 21 karat records 836 pounds, 24 karat records 956 pounds, the gold pound is 6688 pounds, and on the other hand.
Hani Milad, head of the General Division of Goldsmiths in the World Federation of Chambers of Commerce, said that coordination with the Ministry of Supply should be made to submit proposals for merchants and producers of goldsmiths to discuss and meet their requirements for engineering designs, production methods of operation, application rules, and access to factories or production workshops in the project before setting the final plan and announcing the details Construction start.
In a statement today, Milad praised the efforts made by the General Federation of Chambers of Commerce headed by Engineer Ibrahim Al-Arabi to support producers and traders of goldsmiths and work on continuous communication to support this important productive and commercial sector. He also stressed that the Ministry of Supply and Internal Trade plays an important and pivotal role in receiving the proposals of all elements of a smooth Production of goldsmiths and discussing them to contribute to the export of Egyptian goldsmiths in the form of a fully-made product instead of exporting precious ore.
The government aims to inaugurate the City of Gold to maximize the added value through manufacturing with Egyptian hands, and to expand the export of gold and gold crafts. The size of the global market for jewelry and jewelry is about 228 billion dollars annually and is expected to exceed 307 billion dollars in 2026, which requires concerted efforts by the government and the private sector to increase Egypt’s share of this huge market, according to a statement by the Ministry of Industry and Trade.