Gold Prices Stabilize in Egypt Amid Concerns over Purity
Cairo -โ Gold prices in Egypt โremainโค stable, with aโ 21-karat gold pound – weighing 8 โgrams – selling for 40,600 Egyptian pounds and being purchased back from consumers at 40,400 pounds, excluding taxes, โคstamp duties, and โขmanufacturer costs. However, rising demand โฃfor gold as both an investment and for decorative purposes has โheightened the need for consumers to reliably distinguish between authentic โฃgold and adulterated products.
Experts outlineโ several key indicators to help buyers verify gold purity.These include checking for an official hallmark indicating karat weightโ (24, 21, โฃ18, or 14), obtaining a detailed invoice โคfrom the seller listing โweight, karat, and manufacturing costs separatelyโ from theโข raw goldโ price, and performing aโ simpleโ magnet test -โ genuine gold is non-magnetic.
additional โverification methods recommendedโ by jewelers: observing consistentโ color and natural shine, โขnoting โคgold’sโค relatively high density compared to other metals, and โseekingโค professional testing with specialized โขacids to confirmโข karat weight. These measures are crucialโฃ for consumers to avoid fraudโ inโข a market experiencing โincreased activity.