Arab Finance: Demand for gold bars and coins in Egypt dropped by 27% year on year (YoY) in the second quarter (Q2) of 2024 to 7.6 tons, compared to 10.4 tons in Q2 2023, as per a report by the World Gold Council.

On the other hand, gold jewelry demand in the country grew by 2% YoY to 6.8 tons in Q2 2024 from 6.7 tons.

In addition, consumer demand fell by 16% YoY to 14.4 tons in the three months to June 30^th, 2024, from 17.1 tons.

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