Goldsmiths Association: Stop the pricing of gold on the central dollar .. But according to supply and demand
Ghassan Jazmati, president of the Association of Goldsmiths and Jewelers in Damascus, said that the rapid fluctuations in gold prices are the result of rapid changes in the dollar exchange rates in the Syrian markets, in addition to the impact of the rise in the price of gold ounce globally
Jazmati pointed out that the association has stopped setting the price on the basis of the average dollar between the central bank rate and the parallel market price, and pricing is made according to supply and demand, because of the difficulty of determining the average price in light of the rapid and daily variations of the dollar exchange rate.
Jazmati pointed out that the markets in Damascus yesterday witnessed a stagnation movement in sales and purchase, affected by the waiting for citizens and shop owners to reach the threshold of stability until the movement of activity to return to markets, because of this, the jewelers and jewelry making Association for the first time since its establishment passes a day without entering any box He went to stamp, where owners of workshops and shops refrained from stamping their designs until prices stabilized.
He pointed out that the gold markets witnessed during the past two days a large turnout to buy savings gold from the lira and ounces of gold in order to trade, until the sale of all the existing savings gold in the market, and coincided with the interruption of the entry of crude gold coming from abroad with traders, and recently limited to small quantities Enter with passengers and $ 100 is paid on each kilogram of gold ore.
Jazmati warned of the possibility of increasing cases of manipulation and fraud in the sales of gold as a result of rapid price fluctuations, as some can seek to exploit these differences in prices to buy or buy pieces of gold adulterated or not stamped in the Assembly, calling on citizens not to buy any gold piece without an official invoice From the seller.
Jazmati predicted that markets will rebound soon after prices stabilize before the end of the year.
Motherland
