Gold prices in Egypt on the second day of Eid al-Adha witnessed remarkable stability in conjunction with the weekly holiday for the gold market globally, and the stability of gold prices in Egypt came following an increase of regarding 25 pounds over the course of the weekend sessions.
Gold prices today moved in Egypt regarding 25 pounds to the upside, once morest the backdrop of the rise in gold prices globally to levels of 1740 dollars, compared to a decline to 1716 levels, due to the decline in the performance of the dollar, which is reflected in the price of gold in the global stock market.
Gold prices today:
Carat 18 records 863 pounds.
21 caliber records 1005 pounds.
24 carat records 1149 pounds.
The gold pound is 8046 pounds.
An ounce of gold is 1742 dollars.
Gold manufacturers in Egypt following the recent increase
Mamdouh Abdullah, a member of the Board of Directors of the Gold Division, announced that the new estimated increase in value-added tax on gold factories will raise the average value of workmanship on a gram of 21 karat gold to become 44 pounds, and the value of the value added tax due on it will be 6.16 pounds.
He pointed out that the average workmanship of a gram of 24 and 18 karat gold is to 66 pounds, provided that the value of the value-added tax due on it will be 9.24 pounds, and the average value of workmanship on a 14-karat gram will rise to 55 pounds and a tax is due on it 7.7 pounds, and the price of workmanship on a gram of karat will reach 12 to 49.5 pounds, and the value-added tax on it is 6.93 pounds. As for a gram of 9 caliber, the price of its manufacture will rise to 33 pounds, provided that a value-added tax of 5.62 pounds will be obtained from it.
