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Expected selling amount
Gold value
Discount
Cash Back
Price/gram
How to Use the Gold Sell Calculator — Simple Steps
What is Cash Back When Selling Bullion in Egypt?
A unique advantage in the Egyptian market!
Cash Back is a unique rewards system in Egypt when selling gold bullion. Instead of deducting an amount from the gold price (as happens with used jewelry), you receive an additional amount added to the raw gold price!
Illustrative example:
Used jewelry
Gold price: 7,342 EGP/gram
Discount: - 80 EGP/gram
Final price: 7,262 EGP
Loss!
Gold bullion (24K)
Gold price: 7,342 EGP/gram
Cash back: + 28 EGP/gram
Final price: 7,370 EGP
Extra profit!
How Much is the Cash Back by Bullion Weight?
The heavier the bullion, the higher the cash back per gram. Here are the averages in the Egyptian market:
| Bullion weight | Sealed cash back | Unsealed cash back | Total (sealed) |
|---|---|---|---|
| 0.25 gram (quarter) | 28 EGP/piece | 11 EGP/piece | +28 EGP |
| 1 gram | 28 EGP/gram | 11 EGP/gram | +28 EGP |
| 5 grams | 28 EGP/gram | 11 EGP/gram | +140 EGP |
| 10 grams | 28 EGP/gram | 11 EGP/gram | +280 EGP |
| 31.1 grams (ounce) | 28 EGP/gram | 11 EGP/gram | +871 EGP |
| 50 grams | 28 EGP/gram | 11 EGP/gram | +1,400 EGP |
| 100 grams | 28 EGP/gram | 11 EGP/gram | +2,800 EGP |
|
Larger than 100 grams: lower cash back
|
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| 250 grams | 12 EGP/gram | 11 EGP/gram | +3,000 EGP |
| 500 grams | 12 EGP/gram | 11 EGP/gram | +6,000 EGP |
| 1,000 grams (kilo) | 12 EGP/gram | 11 EGP/gram | +12,000 EGP |
* Values are approximate and vary by shop and company. Use the calculator above for the exact price.