Pricing
International RJC/LBMA certified Refineries’ Bid/Ask quotation from Global Precious Metals Market Maker (GPMMM):
- Real time broadcasted Bid/Ask quotation for 999.9 purity gold from GPMMM in US Dollar per Troy Ounce (USD/TOz) (Monday-Friday 23 hours/day)
- GNT mathematically recalibrates the quotation to EGP/Gram
- GPMMM Quotation / 31.1035 (Conversion from ToZ to gram)
- Conversion from USD to EGP using CBE official rate
- Add local supply and demand premium or discount for Bid and for Ask sides of quotation from Local RJC or LBMA Refinery Bid/Ask Quotation to adjust the difference between the GPMMM and the local market
Local RJC-certified Refinery Bid-Ask quotation: Local RJC-certified Refinery Bid/Ask quotation in EGP/Gram for 999.9 purity gold
- Local RJC-certified refinery quotes GNT the price of 21K in EGP/gram
- GNT mathematically recalibrates the quotation from 21K gold to 24K gold in EGP/gram (dividing quotation by 875 then multiplying by 999.9)
- Afterwards, GNT broadcasts price of Bid/Ask