The high marriage rate is boosting the gold market

Mr. Rafiq Abbasi, head of the goldsmiths division of the Federation of Industries, expects the value of goldsmith sales to increase over the coming period, which coincides with the period of the parties and offers gifts and the large number of newlyweds and fiancés during this period, noting that the value of the increase will not be great, but that it will move relative market.

He added "Abbasi" to "home" that this request will not be important because of low purchasing power and the lack of surplus funds to buy gold, pointing out that gold sales in Egypt have fallen from 300 tons per year to 50 tons in recent years. Purchase movement in general, during this period increases the sale of gold and does not buy it.

He attributed the current upward and downward volatility of gold prices to external factors, including trade war and global market stress.

The price of gold dropped with the start of trading yesterday, where the price of gold dropped by 8 pounds to reach 788 pounds per gram instead of 796 the morning of yesterday, and its caliber 21 has risen from 696 to 690 pounds per gram. 18 from 596 to 591 pounds per gram, and this decline comes after a significant rise in the price of gold over the past week has not reached Egypt in five years .