Demand for gold bars, coins in Egypt fall 21% YoY in 2024

A gold vendor sorts gold bars and coins inside a shop at the gold market area, as gold prices recorded an increase after devaluation of the local currency, in Cairo, Egypt January 12, 2024. REUTERS/Amr Abdallah Dalsh
Reuters

Also, gold jewelry demand in the country declined by 2% YoY to 26.1 tons last year from 26.7 tons a year earlier

Staff Writer, Arab Finance

February 5, 2025

PHOTO
A gold vendor sorts gold bars and coins inside a shop at the gold market area, as gold prices recorded an increase after devaluation of the local currency, in Cairo, Egypt January 12, 2024. REUTERS/Amr Abdallah Dalsh

Demand for gold bars and coins in Egypt dropped by 21% year on year (YoY) in 2024 to 24 tons, compared to 30.3 tons in 2023, as per a report by the World Gold Council.

Also, gold jewelry demand in the country declined by 2% YoY to 26.1 tons last year from 26.7 tons a year earlier.

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