6 Hrs
Source:
المصري اليوم
_1777352142843_145525226.png&w=64&q=75){kind=small}
Egyptians shift to bullion over jewelry
The World Gold Council revealed that gold demand in Egypt during the second quarter of 2026 experienced a significant change. Jewelry purchases declined by 14%, totaling 4.9 tons compared to 5.7 tons in the same period last year, due to rising prices and exchange rate fluctuations affecting purchasing power. In contrast, demand for gold bars and coins increased by 6%, reaching 6.2 tons, reflecting a shift in consumer preferences from jewelry to investment and savings as a means of preserving the value of money. It was also observed that demand for investment gold during the first half of 2026 amounted to 11.9 tons, surpassing the jewelry segment, indicating that Egyptians are increasingly choosing to buy gold as an investment rather than solely for adornment.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)