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المصري اليوم
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المصري اليوم

2026-11-03T13:30:08.000Z

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New gold trade safeguards

New gold trade safeguards

The General Division of Gold and Jewelry called on gold dealers in Egypt to use a “purchase form” when buying jewelry or bullion from members of the public, whether or not the original invoice is available, to document the transaction and protect good-faith dealers from suspicion and legal liability. The form includes the seller’s details and identification, a description of the gold, its weight and karat, the purchase date and price, a declaration of ownership and an undertaking that the information provided is accurate. It must be signed by both parties, with the dealer retaining a copy. The meeting recommended submitting the form to the head of the Federation of Egyptian Chambers of Commerce for approval, as a step toward asking the Ministry of the Interior to adopt it when examining reports involving gold under suspicion.

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