Today, gold bullion prices in Egypt witnessed a slight decline in conjunction with the decline in the price of a gram of gold. In the context of the following lines, we review gold prices in Egypt for all the different weights circulating in the gold market without adding workmanship and fees.
Gold bullion prices today:
The price of a gold bar, weighing one gram, is 2891 pounds.
The price of a gold bar, weighing 2.5 grams, is 7227 pounds.
The price of a gold bar, weighing 5 grams, is 14455 pounds.
The price of a gold bar, weighing 10 grams, is 28,910 pounds.
The price of the gold bar, weighing 20 grams, is 57,820 pounds.
The price of an ounce of gold, weighing 31.1 grams, is 89,810 pounds.
The price of a gold bar weighing 50 grams is 144,550 pounds.
The price of a gold bar weighing 100 grams is 289,100 pounds.
Sameh Abdel Hakim, a member of the Gold Division, expected declines in gold prices in the coming days due to the approval of the Council of Ministers during its meeting today on a project regarding exempting gold imports in semi-manufactured forms, as well as those intended for cash circulation, jewelry and their parts of precious metals.
He pointed out in exclusive statements that the validity of the decision for a period of six months will lead, accordingly, to an increase in supply in the market, and from here prices will decrease, because allowing the entry of gold within the limits of 150 grams for returnees from abroad will push prices in the direction of decline.
The draft cabinet decision stipulates that this exemption does not apply to natural or cultivated pearls, precious or semi-precious stones, mounted or inlaid on jewelry and their parts.
This approval comes within the framework of the efforts exerted to achieve stability in gold prices within the markets, and to reduce customs smuggling attempts of semi-finished and occupied gold items through various customs outlets.
More calm and stability dominated the performance of gold locally with the start of today’s session, Thursday, after the decision to exempt gold imports from customs and other fees for a period of 6 months, which pushed gold prices to occasional movements pending more developments on the scene, according to Gold Billion and the record of coughing grams. The most common 21 carat gold today, Thursday, is 2540 pounds per gram, continuing to move in the same range that has dominated trading since the beginning of the week, and the price of the gold pound recorded today 20320 pounds.
2023-05-11 10:24:00
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