The Hallmark Authority Explains Fate of Seized Gold
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The Hallmark Authority has mulls over auctioning gold and precious metal seized throughout 2021.
Abdullah Mon5tseer, Head of the Hallmark Authority, said that counting of all notifications on seizing gold in all forms crafts, alloys and pounds to put them under the hammer before the end of the current year after auctions were have been stopped since 2016.
It is worth mentioning that the authority got about EGP 285.870 million over the auction held in October 2016 after selling 300 kg gold and 600 kg silver.
Those quantities were seized by inspectors of the Hallmark Authority and detectives of the Ministry of Supply and Internal Trade over campaigns on markets and Customs in addition to confiscated quantities after final verdicts.