Dahab Masr has partnered strategically with Egypt-based digital payment provider Kash Now to facilitate gold purchasing through the Kash Now app.
With the new partnership, customers can conveniently purchase gold through the Kash Now app and pay using their digital wallet.
The range of available gold weights starts from 0.25 grams, allowing individuals to invest according to their financial capacity.
Purchased gold will be delivered to customers at home, simplifying the buying process.
Previously, citizens could only purchase gold from traditional goldsmith shops. However, with the introduction of electronic auctions and platforms, consumers can now conveniently acquire gold.
Egypt’s asset manager Azimut and investment company Evolve Holding have launched the country’s first gold investment fund in another significant development.
The fund allows individuals to invest in 24-carat gold bars and issue certificates starting from EGP 10, providing an accessible entry point for investors interested in the gold market.
Gold prices showed mixed performance over the past week, starting on Sunday with an increase ranging from EGP46 to EGP23 for all carats and concluding Thursday’s session with a decrease from EGP51 to EGP39 for all carats.
