Pricing

International RJC/LBMA certified Refineries’ Bid/Ask quotation from Global Precious Metals Market Maker (GPMMM):

  1. 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)
  2. 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

  1. Local RJC-certified refinery quotes GNT the price of 21K in EGP/gram
  2. GNT mathematically recalibrates the quotation from 21K gold to 24K gold in EGP/gram (dividing quotation by 875 then multiplying by 999.9)
  3. Afterwards, GNT broadcasts price of Bid/Ask

 


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