Gold prices rebounded today, Saturday 5-20-2023, and “Sada Al-Balad” provides a detailed bulletin on gold prices, to complete the buying and selling operations, in Egypt.
Sada El Balad reviews gold prices today in Egypt, which citizens are looking for, in order to reach the best price for gold artifacts, and to compare with market prices, especially those who are about to get married and engaged.
Average gold prices today in goldsmiths’ shops in Egypt, without workmanship
24 karat gold
24 karat Selling 2,594 Buying 2,629 pounds
22 karat gold
22 karat for sale 2,378 buy 2,410 pounds
21 karat gold price
21 karat for sale 2,270 buy 2,300 pounds
18 karat gold
18 karat 1,946 buy 1,971 pounds
14 karat gold
14 karat for sale 1,513 buy 1,533 pounds
12 karat gold
12 carat, sold for 1,274, bought for 1,286 pounds
Ounce sell sell 1,513 buy 1,533 pounds
gold pound sale 18,160 buy 18,400 pounds
Kilo sale sale 2,594,286 Buy 2,628,571 pounds
Gold prices in Saudi Arabia today, Saturday, May 20, 2023
|24 karat gold price||238.31 riyals||$63.55|
|22 karat gold price||218.46 riyals||$58.25|
|21 karat gold price||208.53 riyals||$55.61|
|18 karat gold price||178.74 riyals||$47.66|
|14 karat gold price||139.02 riyals||$37.07|
|12 karat gold price||119.16 riyals||$31.77|
|Gold ounce prices||7,412 riyals||$1,976|
|Gold pound prices||1,668 riyals||$444.86|
|Price per kilo of gold||238,313 riyals||$63,550|
|The latest update of gold prices today in Saudi Arabia|
Gold prices in the UAE today, Saturday, May 20, 2023
|Unit||The price of gold in UAE dirhams|
|Gold prices may vary from one goldsmith to another|
Dr. Ibrahim Ashmawy, First Assistant Minister of Supply and Head of the Internal Trade Development Authority, said that it was decided to exempt gold bullion and gold pounds imported with Egyptians abroad from tax fees – value added – in addition to customs exemption for a period of 6 months .. while a value-added tax fee is imposed between 6 and 11 EGP 1 per gram on gold jewelry, in addition to customs exemption.
Dr. Ibrahim Ashmawy, First Assistant Minister of Supply and Head of the Internal Trade Development Authority, expected a decrease in gold prices in the coming period, after the Cabinet’s decision to allow Egyptians abroad to enter customs with their gold holdings without paying customs duties.
He explained that gold prices witnessed shortages due to the increase in demand, especially for bullion and pounds, and not artifacts, pointing out that the recent cabinet decision will allow an increase in supply in the markets, which will greatly reduce prices.
Dr. Ibrahim Ashmawy, First Assistant Minister of Supply and Head of the Internal Trade Development Agency, confirmed that the state has put the final touches to the city of gold, which will be built on an area of 100 acres.
Saed, the first Minister of Supply, explained that it will be established in several stages in the new administrative capital, pointing out that the old goldsmiths have not been transferred, and those who want to participate in the city can apply.
He pointed out that the Cabinet’s decision to exempt gold imports that come with those coming from abroad from customs tax and other fees, except for value-added tax, for a period of 6 months.
Ashmawy stressed that the decision contributes to increasing the volume of supply, which works to stabilize the prices of the precious metal in the Egyptian market.
Create a city of gold
Ashmawy added that the establishment of the gold city in the administrative capital is part of the directives and support of President Abdel Fattah El-Sisi, to advance the gold and jewelry industry.
He pointed out that the Gold City is a specialized industrial city for precious metal products, due to the importance that this industry represents to the national economy and the great opportunities it possesses for approval and development, explaining that the specialized industrial zones provide a set of logistical facilities, which may not be available to producers in traditional workshop areas. .