Latest in Highlight
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Gold prices hike notably as 24-carat breaks EGP 1,000 barrier
Bullion coin price rises by about EGP 72 to EGP 7,048
Gold prices rise EGP 19 as 21-carat records new high
Gold prices rose to record levels as the rift between the US and China intensified, and a weak US dollar pushed investors to seek refuge in the safe haven
Gold rises to 9-year high, strong expectations for continued rise
Gold remains safe haven in light of continuing global storms, says Abdel-Aal
Egypt sees gold purchase growth despite high prices: Sabayik al Kuwait
Gold sales have continued to grow in Egypt for the second week despite high prices, according to Ragab Hamed, Associate Director at Sabayik al Kuwait for precious metals trading. Prices for the precious metal have recently touched EGP 911,000 per kilo for 24-carat and EGP 6,360 for the gold bullion coin. In a weekly report …
Petroleum Minister announces new gold discovery of 1m ounces reserve
The reserve, which has a 95% recovery rate, has one of the highest rates of extraction, and with a total $1bn investment over the next 10 years.
Egypt extends closing date for new gold exploration bid to September
The bids cover the search for and exploration of gold and other minerals in the Eastern Desert, with the extension coming on the back of the ongoing implications of the coronavirus (COVID-19) pandemic. It gives companies an extended window of opportunity in which to submit offers.
The secret language of Egypt’s goldsmiths
Remnants of old Jewish community remain in Cairo’s goldsmithing community as reminder of historic turbulence
Petroleum Ministry considers gold bid extension due to coronavirus
International bidding interest in Eastern Desert’s gold stores: Source
Egypt’s gold reserves record $164m increase in February
Country’s net international reserves reach $45.51bn in February, compared to January’s $45.457bn: CBE
Sora Rashid: jewellery designer starts working on small desk, grows to be ‘Gold Market Lady’ in Kuwait
I learned jewellery design in London, became first female pearl merchant in Kuwait, says Rashid
EGP 10/gm increase in gold price; 21 caliber records EGP 702
Coronavirus’s continues spread, pushing gold to record levels: Naguib
Rise of gold investment raises bullion sales, workmanship
60% increase in demand for bullion from the beginning of 2019, says Embabi
Purity of Sukari gold production is 90%: El-Raghy
Centamin exports 300-350 kg of gold ore per week to Canada for refining
CBE receives 1.3 tonnes of gold from Sukari mine until August
Company sells about 70 kg of gold per month to CBE to increase reserves, says El-Raghy
Gold surges to $1,550/oz in 1H2019 over US-China trade war
Gold rose by EGP 115 in Egypt since the beginning of 2019, marking an unprecedented level, says Baqy
What do you know about gold alloying?
You know your gold jewellery is 14k, or 10k, or one of the other many popular karat weights that exist, but what does it all mean? It all has to do with the amount, percentage to be precise, of pure gold content alloyed into jewellery
First 3D printer for gold jewellery to be launched in Egypt: Mohamed El Hashemy
5 printers sold, for EGP 0.5m of sales since the launch, says Chairperson of Lamina for Additive Manufacturing Technologies & 3D Printing
iSagha does not compete with gold companies, actually aims to maximise their sales: CEO
Company’s capital estimated at EGP 5.5m, of which 10% contributed by Flat6labs
Saudi Al Romaizan plans to launch EGP 500m gold factory in Egypt
The company has completed all technical and feasibility studies of the project and is considering to start take the required procedures, a source at Al Romaizan said.
Gold in FX reserves up by $69m in June 2019
FX reserves increased to $44.352bn end of May: CBE
Discounting weight of crystal stones when returning jewellery disrupts Egyptian gold market
Issue opens the way for fraud, stealing citizens’ gold savings, turning them into glass
Gold Traders Syndicate warns shops from spread of counterfeit gold
Dealing with official invoices, checking gold, prevents traders getting involved in robbery cases: Michel
Recession hits gold market in Ramadan
Increase in companies’ demand indicates recovery after the season, says Rezk
Sales of gold jewellery reached 9.6 tonnes in 2018: MD of New Egypt Gold Group
Group owns 6 companies, accounting for 30% of local production
Fake bullion coins spread in Egypt’s gold market
90% of gold bullion coins traded in Egypt are not incompatible with specifications
Believe it or not, trading of used gold jewellery is illegal in Egypt
Egyptians prefer used gold jewellery as savings tool instead of gold bullion, pounds of gold
Egyptians bought 362.9 tonnes of gold in 9 years: World Gold Council
The year 2016 saw largest sale of Egyptians of gold to reap profits, says Antwan
Gold bullion: saving for profits
Market sees trading of imported, local, handmade alloys, says Medhat Alberaqdar
Gold: safe haven for investments
Gold one of most important reserves of central banks, will not let it collapse, says CEO of Sabayik Al-Kuwait
Gold is safe resort for investors: Gulf Brokers
High demand on precious metal reduces dependence on Euro