The seventh day publishes the latest update in gold prices today in Egypt, which witnessed remarkable stability at levels of 960 pounds per gram of 21 karat, which is the best-selling in Egypt, after a noticeable drop that exceeded 25 pounds per gram over the past two days, and the price of gold in Egypt was affected by: The global stock market witnessed a decline to the level of 1745 dollars.
Gold prices today
Carat 18 recorded 823 pounds
21 caliber recorded 960 pounds
24 caliber recorded 1097 pounds
The gold pound is 7680 pounds
An ounce of gold is 1745 dollars
Reasons for falling gold prices
The main reason for the decline in the price of gold in Egypt is the significant decline in the price of an ounce of gold globally, as the ounce fell from $ 1811 at the beginning of the week’s trading to the level of $ 1745, and the decline in the price of gold on global stock exchanges came after the great pressure on the yellow metal as a result of an increase in the dollar with the approaching to raise New for interest in the USA.
Locally, the Gold Industry Division, as well as the Gold Trade Division, announced that starting from July 2022, the price of manufactures will be increased by 10% according to the agreement between manufacturers and the Tax Authority, as the value-added tax for gold manufacturers in Egypt has been modified.
gold manufacturers in egypt
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-added tax due on it will be 6.16 pounds, and the average workmanship of a gram of 24 and 18 karat gold to 66 pounds, provided that the value of the value tax is The added value is 9.24 pounds, and the average value of workmanship on a 14-carat gram will rise to 55 pounds, and a tax will be due on it 7.7 pounds. EGP 5.62 EGP value added tax will be collected from it.