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Cairo: Exceptions of an increase in gold prices
Egypt, Economics, 6/11/1999
Merchants and manufacturers of gold are expecting an increase in the price of selling and buying gold of 15% during the second Egyptian marketing festival that will be held in the middle of July, in which 400 gold merchants will participate, an increase of four times over the first festival.
The high prices of gold will compensate for the stagnant conditions in Egypt during last year due to many economic and social elements.
Egyptian gold manufacturers will make the biggest golden chain in the world and present more than 30 gold bars as presents to visitors of the festival.
Previous Stories:
Longest golden chain in the world at the opening of Egyptian marketing festival
(6/7/1999)
Second Cairo marketing festival to start on July 20
(5/6/1999)
10 billion pounds invested in Egyptian gold market
(1/14/1999)
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