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'Silver is the new gold' as Egyptians try to protect savings
Credit: IndiaTimes- Published on February 8, 2024
The rise in price of gold has seen a change of preference from gold jewellery to silver jewellery among Egyptians. The price of a gram of 21 carat gold increased by more than 120% in the year to January 30, reaching 3,875 Egyptian pounds ($126), according to data from the Federation of Egyptian Chambers of Commerce.
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