Subscribe to receive the most important news
–
–
Ehab Wasef, Vice President of the Gold Division at the Chamber of Commerce in Cairo, revealed the details of the first gold shopping festival to be held in Egypt, which is scheduled to take place between 5 March 2020 to 4 April of the same year, with the participation of about 500 gold stores along with a number of manufacturing chains and factories , Which guarantees the value of the prizes to buyers.
“Wasef” told “Al-Masry Al-Youm”, on Thursday, that “the shopping festival will not have a headquarters, but will take place in every participating place in the festival,” noting that “the division will not impose on any place the value of the discount that it approves in the framework of its participation in the festival.” , Or a profit margin is set for him, but he will leave each store according to his method.
He explained that «dealing in gold witnessed a noticeable decrease in sales during the last quarter of 2019, due to multiple factors, chief among which were the financial burdens on families», stressing that “the shops may participate to create a boom in the gold market during the next stage.”
“Wasef” added that “the division received about 280 requests from the shops to participate in the festival from Greater Cairo and the governorates,” noting that “each purchase bill for customers will exceed 10 thousand pounds, the owner will receive a coupon and will register his data online to participate in a public lottery, will be held On April 9, to win the prizes, pointing out that “shops and factories have already announced to the division the value of the proposed prizes to be presented, as a kind of incentive to buy and invest in gold, and the timing of the festivals was taken into account before the month of Ramadan, Easter, and Mother’s Day.”
Wasef revealed negotiations with a number of banks to install gold for customers, saying, “We seek to find a satisfactory formula for both merchants and customers.”
On prices, Wasef said, “There is a slight increase in trading Thursday, and the 21-carat reached 679, an increase of about half a pound per gram from the day before yesterday.”
– .
