![Bars and coins accounted for the bulk of gold purchases by Egyptians in 2022. Reuters](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/6QFU3IFN7YSDBKKZ4QJNXIFX5E.jpg?smart=true&auth=d6a3306c753a413733bf102edc9c6dd2a4fb81a082607607ba16a5e3c689fe25&width=400&height=225)
Bars and coins accounted for the bulk of gold purchases by Egyptians in 2022. Reuters
Bars and coins accounted for the bulk of gold purchases by Egyptians in 2022. Reuters
Egyptians' investment in gold rose by 83% in 2022 after record drop in currency
Demand peaked in the fourth quarter when the central bank devalued the Egyptian pound for a second time