Silver Prices in Egypt
Egypt is one of the northeastern countries of Africa. It borders Libya to the west and Sudan to the south. Silver as one of the seven ancient metals in most human cultures. Egypt's economic situation grew by 0.26% in 2020. Many Factors Affect the Price of Silver In West Asian Markets. Suez is unique in Egypt for investment, the city is divided into economic and commercial sectors and is on the list of best cities for investment. Annual supply of silver is used in industrial applications such as electronics, solar energy and pharmaceuticals, and medical equipment. Tourism, agriculture, industry, and services sectors each account for almost equally in the country's domestic production. Silver market waiting a long time for silver to finally reach its credit
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Egypt's GDP is estimated at more than 32% in the agricultural sector. Egypt produces 688,100 barrels of oil per day. Silver is used in solar panels, water purifiers, jewelry, decoration, silverware, mirrors, window coverings. Egypt ranks very high in the welfare services sector in the city, transportation and urbanization system. The price of silver metal is the result of its supply and demand of that asset in Middle East market. The rate of social security in Egypt is estimated at 40.00 percent, although this rate has been stable from previous years until today. Industrial demand and its changes increase the popularity of silver. Political situation in Egypt is under control and the financial corruption within the companies has been minimized. Silver paste is used in the automotive industry
- Egypt Aluminum Market
- Egypt Copper Market
- Egypt Steel Market
- Egypt Zinc Market
- Egypt Gold Market
- Egypt Silver Market
For example, 24 carat gold is pure gold with at least 99.9% gold and 18 carat gold is composed of 75% gold and 25% other metal. Pure gold is not suitable for making most items because of its softness, so most of the gold used in jewelry is not pure gold, and goldsmiths add copper and silver to make it into jewelry. It can be made by lowering the grade.
Read More ...GDP per capita in this country has also grown by 3%. Gross domestic product from agriculture in Egypt has grown by 12 percent, while the GDP of construction in this country is estimated at 1 percent. It is clear that the GDP policies of the mines in this country have grown by 10%, and the Egyptian economy, which is dependent on the GDP of the public transport sector, is also growing by 4%.
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