Where do Qintar prices come from?
Price status right now
- Last update
- Loading…
- Sources that answered recently
- …
- Status
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Every number in Qintar has a clear path: where it was read, how it was checked, and when it was updated. This page explains it plainly. The block above shows the real status right now.
Sources
We read prices from several specialised Egyptian gold-price websites. We do not name them so they do not take extra load, but we read all of them in rotation and never rely on a single one.
How a number is checked before it is shown
- One read about every 30 minutes, in rotation: each source is read about once every 2 hours.
- Compared with the last hour: each reading is compared with the median of the last 60 minutes. If it is more than 10% away, it gets a warning.
- Sanity checks: the price must be in a sensible range, and 24K must be above 21K, which must be above 18K. A reading with more than two warnings is discarded.
- The shown price is the median: we take the latest valid price from each source that answered in the last 3 hours and show the median, so one wrong or late source cannot move the price alone.
What you see in the app
- 24K, 21K, 18K: buy and sell price per gram in EGP.
- 22K and 14K: not read from a source; calculated from 24K as 22/24 and 14/24 of its price.
- Gold pound: 8 grams of 21K.
- Ounce in USD: the world gold price. One troy ounce is 31.1035 grams.
- Goldsmith dollar: local 24K gram price × 31.1035 ÷ the ounce price in USD. It is the dollar rate the local price implies, and it differs from the official rate.
What “last update” means
The time the latest displayed price was successfully computed. If more than 2 hours pass without an update we call the prices “older than usual” (see the block above), and automatic price posts to our channels are blocked once the price is more than 3 hours old.
When sources disagree or go quiet
Small differences are normal and the median absorbs them. A reading far from the rest is warned about or discarded as above. If sources stop answering we keep using the last valid readings for up to 3 hours, after which the update time shows that the price is old. Compare more than one source before a large deal.
Why a goldsmith’s price differs
We show the raw gram price. At a goldsmith you also pay the making charge, 14% VAT on the making charge (not on the gold itself), and the shop buys from you at the buy price and sells at the sell price. The making charge is usually not returned when you sell. Try the fair price checker (Arabic).
Disclaimer
Prices are indicative and based on external sources. Qintar does not buy or sell gold; this is not financial advice or a fatwa. See today’s gold price.
Questions
Where do Qintar prices come from?
From several specialised Egyptian gold-price websites, read in rotation. We show the median of each source’s latest valid price within the last 3 hours.
How often are prices updated?
One source is read about every 30 minutes in rotation, so each source is read about every 2 hours. The last update time is shown in the app and on this page.
Why does my goldsmith quote a different price?
Qintar shows the raw gram price. A goldsmith adds the making charge and 14% VAT on the making charge, buys from you at the buy price and sells at the sell price.
How are 22K and 14K calculated?
From 24K: 22K is 22/24 of the 24K price and 14K is 14/24. They are not read from a source.