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بوابة الشروق
Source: بوابة الشروق
24 Hrsبوابة الشروق
Source: بوابة الشروق
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Egyptians' gold purchases during the second quarter of 2026 experienced a decrease of 4.3%, amounting to 11.1 tons, although this level remains high compared to historical averages. Demand for gold jewelry declined by 14%, reaching 4.9 tons, due to high inflation and the fluctuation of the local currency against the dollar. Conversely, purchases of gold bars and coins rose by 6% to 6.2 tons, reflecting a shift in consumer behavior towards saving and investing in gold rather than traditional jewelry purchases. Sales of gold bars and coins surpassed those in Egypt during the second quarter of 2026 when compared to Saudi Arabia, the UAE, and Kuwait, attributable to Egyptians' inclination to invest in gold as a safe haven.
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