The price of gold has increased significantly over the past years, prompting Egyptians to buy gold bullion to save their money, and to invest safely in light of the poor economic conditions.
Gold bullion is one of the raw gold forms used in manufacturing jewellery, so investment in alloys is better, as jewellery loses some of its value at resale.
The event saw leaders from the world of bullion and jewellery trade, precious metal mining and refining industries, central and bullion banks, commodity exchanges, trade federations, logistics, media analysts and top government officials.
"We are delighted to receive this award at an event that is undoubtedly one of the best in terms of bringing together like-minded players in the domain of bullion and jewellery.
We work on creation of local production of gold ingots and bullions
," she said.
People are always willing to invest in gold bullion
traders have alleged harassment by government agencies and departments after the over Rs 4,000- crore hawala scam by Madhu Koda brought to light that the majority of their transactions take place in hard cash.
The third award was the "Best Gold Bullion
Dealer of the year 2017-18" that RSBL won at the India International Gold Convention 2018 held at the IIGC Excellence Awards from August 3-5 at Le Meridien, Kochi.
RSBL has the largest varieties of bullion
and coins in India.
Prithviraj Kothari, (Managing Director) - RSBL, was awarded "Best Gold Bullion
Dealer of the Year 2016-17" at the splendid award ceremony held on August 12, 2017, at Grand Hyatt, Goa.
Federation represents the might of the burgeoning bullion
market in India.
The coin and bullion
will be of 24 karat purity, 999 fineness and will have the national emblem of Ashok Chakra engraved on one side and the face of Mahatma Gandhi on the other.