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2026-11-08T09:44:24.000Z

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Gold App Risks and Safety

Gold App Risks and Safety

The Gold and Precious Metals Division of the Federation of Egyptian Industries has warned against buying gold balances through untrusted apps and platforms, which could cease operating or shut down without guaranteeing delivery of the gold or a refund. It said that buying physical gold from well-known shops and authorized dealers, inspecting the item and taking possession of it in person, is the safest way to protect savings. For online purchases, it advised buyers to verify the seller’s identity and address, check the gold’s karat and hallmark, obtain an itemized invoice, and avoid anonymous pages and accounts.

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