Egyptians’ Demand for Gold Jumps in Q1 2023
Updated 5/18/2023 2:11:00 PM
Egyptians’ demand for gold has climbed 33% year-on-year (YoY) to 16.2 tons during the first quarter (Q1) of this year, compared to 12.2 tons in the first three months of 2022.
A World Gold Council report showed that demand for buying jewelry hit 9.2 tons, while demand for buying bars and gold pounds reached 7 tons in the first quarter of this year.
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