Thndr Gold gives you direct digital access to 24-karat gold ownership without storage hassles, hidden fees, or confusing pricing.
Thndr Gold is built on top of a gold fund that is managed by Thndr Asset Management. You can find Thndr Gold's prospectus here. The fund is fully allocated to physical gold, and each fund certificate represents a specific quantity of gold. In the Thndr app, customer positions and orders are converted into grams based on this certificate-to-gold ratio.
Through Thndr Gold, customers can buy and sell gold in gram-based amounts directly through the Thndr app. Gold positions are displayed in grams and valued using the latest available gold price.
Gold prices can move up or down, and the value of your investment may change accordingly.
Why Use Thndr Gold?
Low fees
Thndr Gold charges a flat 1% fee on buy orders and a flat 1% fee on sell orders. There are no hidden fees.
Gram-based holdings
Thndr Gold positions are shown in grams and are updated to reflect real-time gold prices, making it easy to track both how much gold you own and its current value.
Buy starting 0.001 grams
Customers can buy and sell fractions of a gram, starting from as little as 0.001 grams, equivalent to 1 milligram.
Multiple daily executions
Thndr Gold orders execute three times per working day, Sunday to Thursday, at 10:00 AM, 1:00 PM, and 3:00 PM.
No storage hassles
The physical gold underlying Thndr Gold is securely stored at EGYCASH, an Egyptian financial services company established by the Central Bank of Egypt (CBE)
Sharia-compliant structure
Thndr Gold operates under the supervision of a Sharia committee headed by Dr. Magdy Ashour, with members Dr. Mohamed El Beltagy and Dr. Ahmed Mamdouh.
Physical gold redemption
If your total investment is equivalent to at least 100 grams of gold, you can request physical gold redemption through support.
Physical gold redemption includes separate fees, up to 4%.
How Thndr Gold is priced
Thndr Gold shows gold price charts powered by Egypt for Information Dissemination (EGID) market data. Thndr Gold prices are based on the latest available gold price at the time your order is executed.
Thndr Gold charts display the historical gold sell price across the available intervals.
Interval | Data point frequency |
1D | Every 10 minutes |
1W | Every 1 hour |
1M | Every 1 hour |
6M | Every 1 day |
1Y | Every 1 day |
Max | Every 1 week (data available from January 1st, 2022) |
When you place a buy or sell order on Thndr Gold, the price shown on the order screen is indicative. The displayed price is an estimate based on the latest available gold sell price and may differ from the price at which your order is executed.
Your final execution price is confirmed only after the Thndr Gold order is executed.
Buy orders get executed at the gold buy price, and sell orders get executed at the gold sell price. Your position is always displayed based on the sell price, so you can know the value of your holdings whenever you decide to sell.
Thndr Gold orders are executed three times per working day, Sunday to Thursday, excluding national holidays. The scheduled execution times are 10:00 AM, 1:00 PM, and 3:00 PM. Because the gold price can change between order placement and order execution, the final execution price may differ from the indicative price shown when you submitted the order.
The cut-off time for each execution is 15 minutes before the scheduled execution time. Orders submitted before a cut-off time are executed at the next scheduled execution time. Orders submitted after a cut-off time are carried over to the following available execution time.
For more details on order statuses, cancellation rules, and full execution examples, see Placing and Managing Thndr Gold Orders.