A joint statement from the General for Jewelery Trade in the Federation of Chambers of Commerce and the Metal Industry Division said that the post that was circulated on some social networking sites to stop the gold market is incorrect, and that the company mentioned in the publication is fake, unknown and not registered either in the Trade or Industry Division.
The statement added, that some are trying to create a state of congestion and turmoil in the market, and that what came in this publication about the lack of transparency in pricing is unfounded, and pricing is actually subject to the mechanisms of supply and demand and according to the ounce prices in global stock exchanges.
Everyone should beware of circulating such rumors that aim to harm the Egyptian economy, as all legal measures will be taken against all those who spread such rumors.