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Egyptians gold purchases declined to 11.1 tons in the first quarter of 2025

Basant Ahmed - Walid Farouk Egyptians' gold purchases declined by 16% to record11.1 tons during the first quarter of this year, compared to 13.2 tons during the same period last year. They also declined by 8.3% compared to the fourth quarter of 2024, when purchases reached 12.1 tons, according to a World Gold Council report issued today. The Council revealed that this decline is caused by the rise in gold prices globally and locally, which negatively impacted citizens' purchasing power, in addition to the improvement in economic indicators and the stability of the exchange rate, which reduced demand for gold as a safe haven after periods of economic volatility. The World Gold Council's report pointed out to an increase in investments in gold exchange-traded funds in global markets by about 226 tons, reaching 3,445 tons, the highest level since May 2023. These funds also recorded financial inflows worth $21 billion during the quarter, the second-highest quarterly level ever. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Egypt confirms denial of airspace access to US B-52 bombers News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Lifestyle Pistachio and Raspberry Cheesecake Domes Recipe News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Videos & Features Bouchra Dahlab Crowned Miss Arab World 2025 .. Reem Ganzoury Wins Miss Arab Africa Title (VIDEO) Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple