Books – Islam Saeed
Saturday, May 13, 2023 10:47 AM
Since the issuance of the Cabinet’s decision to exempt gold imports in semi-worked forms, as well as those intended for monetary circulation, jewelry, jewelry, and their precious metal parts, gold prices in the Egyptian market have witnessed continuous declines, and the total drop in gold in goldsmiths reached 130 pounds until the time of writing these lines.
The price of a gram of 21 carat gold, which is the most traded in the markets, witnessed a decline from 2550 to levels of 2420 pounds per gram, amid expectations of a further decline with the regular entry of gold with returnees from abroad after the abolition of all customs duties with the exception of value-added tax.
Gold prices today
24 karat records 2766 pounds
21 karat records 2420 pounds
18 karat records 2074 pounds
The gold pound is 19,360 pounds
Gold ounce 2013 dollars
The Cabinet’s draft decision stipulates that this exemption does not apply to natural or cultured 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.
