🇿🇦 Gold Price in South Africa Today (2024): Ounce, Gram, Tola, Karat

South Africans white and black thinking about the gold price in South Africa.
South Africans white and black thinking about the gold price in South Africa.
Overview of the Gold Price in south africa in ounce, gram and tola. and development since 1 day, 1 month, 6 months and 1 year

Latest gold price in South Africa: ZAR 39,055.71
Last Update: 28 February 2024

Gold price per ounce in South Africa ZAR 39,055.71 24k 1 ounce
Gold price per gram in South Africa ZAR 1,255.67 24k 1 gram
Gold price per kilogram in South Africa ZAR 1,255,670.39 24k 1 kg
Gold price per tola in South Africa ZAR 14,645.89 24k 1 tola

Remarks:

  • The gold price is quoted in troy ounce in USD. Other currencies and weights are converted. (1 USD is ZAR 19.21 on 28 February 2024).
  • These rates are for 24k, (karat, or carat) that is a purity of nearly 99.95%, or a fineness of 999.5. (as defined by the LBMA good delivery standard for gold bars).
  • About the weights:
    • One troy ounce is approx. 31.103 gram. The troy ounce should not be confused with the customary ounce (US) or imperial ounce (UK), which weights a bit less, that is approx. 28.35 gram.
    • One troy ounce is approx. 2.667 tola. Tola is a gold weight popular in the Middle East and India.

This article gives an overview about the gold price today in South Africa in South African rand in ounce, gram and tola, different karat, history of daily prices in a table, prices in different cities and frequently asked questions.

Gold Price in South Africa on 28 February 2024: ZAR 39,055.71 per Ounce

The South African relationship with gold is both historical and economically significant. In this guide, we’ll provide a detailed overview of:

  • How gold is priced per ounce, gram, and tola in South Africa.
  • The variation in prices based on karat, from 8 karat to 24 karat.
  • Historical data on daily prices to discern patterns.
  • Gold prices in major South African cities, including Johannesburg, Cape Town and Durban.

Let’s dive into the specifics.

1 Ounce to 1,000 Ounce

What is the price of gold in South Africa for one ounce, two ounces, etc. up to 1,000 ounce?

OunceGold Price
1 ounceZAR 39,055.71
2 ounceZAR 78,111.43
5 ounceZAR 195,278.57
10 ounceZAR 390,557.15
20 ounceZAR 781,114.30
25 ounceZAR 976,392.87
50 ounceZAR 1,952,785.75
100 ounceZAR 3,905,571.49
200 ounceZAR 7,811,142.98
250 ounceZAR 9,763,928.73
500 ounceZAR 19,527,857.46
1000 ounceZAR 39,055,714.92

1 Gram to 1,000 Gram

What is the price of gold in South Africa for one gram, two gram, etc. up to 1,000 gram?

GramGold Price
1 gramZAR 0.00
2 gramZAR 0.00
5 gramZAR 0.00
10 gramZAR 0.00
20 gramZAR 0.00
37.5 gramZAR 0.00
50 gramZAR 0.00
100 gramZAR 0.00
200 gramZAR 0.00
500 gramZAR 0.00
1000 gramZAR 0.00

1 Tola to 1,000 Tola

What is the price of gold in South Africa for one tola, two tola, etc. up to 1,000 tola?

TolaGold Price
1 tolaZAR 14,645.89
2 tolaZAR 29,291.79
5 tolaZAR 73,229.46
10 tolaZAR 146,458.93
20 tolaZAR 292,917.86
25 tolaZAR 366,147.32
50 tolaZAR 732,294.65
100 tolaZAR 1,464,589.29
200 tolaZAR 2,929,178.58
250 tolaZAR 3,661,473.23
500 tolaZAR 7,322,946.46
1000 tolaZAR 14,645,892.91

24 Karat to 8 Karat per Ounce

What is the price of gold in South Africa for 24 karat, down to 8 karat per ounce?

KaratGold Price
24 karat per 1 ounceZAR 0.00
22 karat per 1 ounceZAR 0.00
21 karat per 1 ounceZAR 0.00
20 karat per 1 ounceZAR 0.00
18 karat per 1 ounceZAR 0.00
16 karat per 1 ounceZAR 0.00
14 karat per 1 ounceZAR 0.00
12 karat per 1 ounceZAR 0.00
10 karat per 1 ounceZAR 0.00
9 karat per 1 ounceZAR 0.00
8 karat per 1 ounceZAR 0.00

24 Karat to 8 Karat per Gram

What is the price of gold in South Africa for 24 karat, down to 8 karat per gram?

KaratGold Price
24 karat per 1 gramZAR 0.00
22 karat per 1 gramZAR 0.00
21 karat per 1 gramZAR 0.00
20 karat per 1 gramZAR 0.00
18 karat per 1 gramZAR 0.00
16 karat per 1 gramZAR 0.00
14 karat per 1 gramZAR 0.00
12 karat per 1 gramZAR 0.00
10 karat per 1 gramZAR 0.00
9 karat per 1 gramZAR 0.00
8 karat per 1 gramZAR 0.00

24 Karat to 8 Karat per Tola

What is the price of gold in South Africa for 24 tola, down to 8 karat per tola?

KaratGold Price
24 karat per 1 tolaZAR 0.00
22 karat per 1 tolaZAR 0.00
21 karat per 1 tolaZAR 0.00
20 karat per 1 tolaZAR 0.00
18 karat per 1 tolaZAR 0.00
16 karat per 1 tolaZAR 0.00
14 karat per 1 tolaZAR 0.00
12 karat per 1 tolaZAR 0.00
10 karat per 1 tolaZAR 0.00
9 karat per 1 tolaZAR 0.00
8 karat per 1 tolaZAR 0.00

What is the Daily Gold Price in South Africa of the Last 30 Days?

Here is an overview of the historical development of the gold price per ounce of the last 30 days in South Africa. Gold prices are set from Monday till Friday (similar to the stock market). Therefore, weekends list the price of Friday.

Table with the gold price per ounce in South African rand in South Africa of the last 30 days:

Gold Price in Different South African Cities: From Johannesburg to Tembisa

Please note, the gold price is the same around the world. Therefore, there should be no differences in the price between countries and cities. In practice, buyers might pay different markups to sellers based on the countries’ conventions.

These are the gold prices in the 10 biggest cities in South Africa:

What is the gold price in Johannesburg?

Today’s gold price in Johannesburg is ZAR 39,055.71 for one troy ounce.

What is the gold price in Cape Town?

Today’s gold price in Cape Town is ZAR 39,055.71 for one troy ounce.

What is the gold price in Durban?

Today’s gold price in Durban is ZAR 39,055.71 for one troy ounce.

What is the gold price in Soweto?

Today’s gold price in Soweto is ZAR 39,055.71 for one troy ounce.

What is the gold price in Pretoria?

Today’s gold price in Pretoria is ZAR 39,055.71 for one troy ounce.

What is the gold price Port Elizabeth?

Today’s gold price in Port Elizabeth is ZAR 39,055.71 for one troy ounce.

What is the gold price in Pietermaritzburg?

Today’s gold price in Pietermaritzburg is ZAR 39,055.71 for one troy ounce.

What is the gold price in Benoni?

Today’s gold price in Benoni is ZAR 39,055.71 for one troy ounce.

What is the gold price in Bloemfontein?

Today’s gold price in Bloemfontein is ZAR 39,055.71 for one troy ounce.

What is the gold price in Tembisa?

Today’s gold price in Tembisa is ZAR 39,055.71 for one troy ounce.

Current Market Scenario

Current Gold Price in South Africa

As of 28 February 2024, the gold price in South Africa is around ZAR 39,055.71. This price is subject to fluctuations based on various factors such as supply and demand, economic conditions, and geopolitical events.

Factors Influencing the Price of Gold in South Africa

The price of gold in South Africa is influenced by a multitude of factors. These include the international gold market and the overall economic health. Additionally, factors like mining costs, gold production, and changes in jewelry and industrial demand also play a significant role in determining the gold price trends.

Historical Trends in the Gold Price in South Africa

Historically, the price of gold in South Africa has seen both highs and lows. Over the past decade, gold prices have generally been on an upward trend, with occasional dips. This is largely due to increasing demand, geopolitical tensions, and economic uncertainties. Understanding these historical trends can help in making informed predictions about future gold price trends.

Gold Prices in Other Countries and Currencies

Check out the gold price in all major countries and currencies

Australia and Oceania
🇦🇺 gold price in Australia (Australian dollar) and 🇳🇿 gold price in New Zealand (New Zealand dollar)

Americas
🇦🇷 gold price in Argentina (Argentine peso, ARS), 🇧🇷 gold price in Brazil (Brazilian real, BRL), 🇧🇸 gold price in the Bahamas (Bahamian dollar, BSD), 🇨🇦 gold price in Canada (Canadian dollar, CAD), 🇨🇱 gold price in Chile (Chilean peso, CLP), 🇨🇴 gold price in Colombia (Colombian peso, COP), 🇬🇾 gold price in Guyana (Guyanese dollar, GYD), 🇲🇽 gold price in Mexico (Mexican peso, MXN), 🇵🇦 gold price in Panama (Panamanian balboa, PAB), 🇵🇪 gold price in Peru (Peruvian sol, PEN), 🇵🇷 gold price in Puerto Rico (US dollar, USD), 🇺🇸 gold price in the United States of America (United States dollar, USD) and 🇺🇾 gold price in Uruguay (Uruguayan peso, UYU)

Asia
🇨🇳 gold price in China (Chineses Renminbi, RMB/ Yuan, CNY), 🇭🇰 gold price in Hong Kong (Hong Kong dollar, HKD), 🇯🇵 gold price in Japan (Japanese yen, YEN), 🇮🇳 gold price in India (Indian rupee, INR), 🇮🇩 gold price in Indonesia (Indonesian rupiah, IDR), 🇰🇿 gold price in Kazakhstan (Kazakhstani tenge, KZT), 🇲🇴 gold price in Macau (Macanese pataca, MOP), 🇲🇾 gold price in Malaysia (Malaysian ringgit, MYR), 🇵🇰 gold price in Pakistan (Pakistani rupee, PKR), 🇵🇭 gold price in the Philippines (Philippine peso, PHP), 🇸🇬 gold price in Singapore (Singapore dollar, SGD), 🇰🇷 gold price in South Korea (South Korean wong, KRW), 🇹🇼 gold price in Taiwan (New Taiwan dollar, TWD), 🇹🇭 gold price in Thailand (Thai baht, THB) and 🇻🇳 gold price in Vietnam (Vietnamese dong, VND)

Europe
🇦🇹 gold price in Austria (euro, EUR), 🇧🇪 gold price in Belgium (euro, EUR), 🇨🇿 gold price in the Czech Republic (Czech koruna, CZK), 🇨🇾 gold price in Cyprus (euro, EUR), 🇩🇰 gold price in Denmark (Danish krone, DKK), 🇫🇮 gold price in Finland (euro, EUR), 🇫🇷 gold price in France (euro, EUR), 🇩🇪 gold price in Germany (euro, EUR), 🇬🇷 gold price in Greece (euro, EUR), 🇭🇺 gold price in Hungary (Hungarian forint, HUF), 🇮🇸 gold price in Iceland (Icelandic krona, ISK), 🇮🇪 gold price in Ireland (euro, EUR), 🇮🇹 gold price in Italy (euro, EUR), 🇱🇮 gold price in the Liechtenstein (Swiss Fran, CHF), 🇱🇺 gold price in Luxembourg (euro, EUR), 🇲🇹 gold price in Malta (euro, EUR), 🇲🇨 gold price in Monaco (euro, EUR), 🇳🇱 gold price in the Netherlands (euro, EUR), 🇳🇴 gold price in Norway (Norwegian Krone, NOK), 🇵🇱 gold price in Poland (Polish zloty, PLN), 🇵🇹 gold price in Portugal (euro, EUR), 🇪🇸 gold price in Spain (euro, EUR), 🇸🇪 gold price in Sweden (Swedish krona, SEK), 🇨🇭 gold price in Switzerland (Swiss franc, CHF), 🇺🇦 gold price in Ukraine (Ukrainian hryvnia, UAH) and 🇬🇧 gold price in the United Kingdom (Pound Sterling, GBP)

Middle East and Africa
🇦🇪 gold price in Abu Dhabi (Emirati dirham, AED), 🇩🇿 gold price in Algeria (Algerian dinar, DZD), 🇧🇭 gold price in Bahrain (Bahraini dinar, BHD), 🇦🇪 gold price in Dubai (Emirati dirham, AED), 🇪🇬 gold price in Egypt (Egyptian pound, EGP), 🇰🇼 gold price in Kuwait (Kuwaiti dirham, KWD), 🇮🇱 gold price in Israel (Israeli new shekel, ILS), 🇯🇴 gold price in Jordan (Jordanian dinar, JOD), 🇴🇲 gold price in Oman (Omani rial, OMR), 🇶🇦 gold price in Qatar (Qatari riyal, QAR), 🇸🇦 gold price in Saudi Arabia (Saudi riyal, SAR), 🇿🇦 gold price in South Africa (South African rand, ZAR), 🇹🇷 gold price in Turkey (Turkish lira, TRY) and 🇦🇪 gold price in the United Arab Emirates (Emirati dirham, AED)

FAQ

What is the gold price in South Africa?

The gold price in South Africa currently is ZAR 39,055.71 for one ounce, ZAR 1,255.67 for one gram and ZAR 14,645.89 for one tola. (This price is from 28 February 2024.)

Wat is die goudprys in Suid-Afrika?

Die goudprys in Suid-Afrika is tans ZAR 39,055.71 vir een ons, ZAR 1,255.67 vir een gram en ZAR 14,645.89 vir een tola. (Hierdie prys is vanaf 28 February 2024.)

What is the gold rate in South African rand?

The gold rate in South African rand is ZAR 39,055.71 for one ounce, ZAR 1,255.67 for one gram; as per 28 February 2024.

What is the 24 Karat gold price in South Africa?

24 karat gold is considered pure gold. This is the same as the quoted gold price: ZAR 39,055.71 for one ounce, ZAR 1,255.67 for one gram and ZAR 14,645.89 for one tola. (This price is from 28 February 2024.)

What is the 1 tola gold price in South Africa?

ZAR 14,645.89 cost one tola of pure gold in South Africa. (This price is from 28 February 2024.) One tola is equivalent to approximately 11.6638038 grams. The price would be based on the current rate per gram, which changes regularly. For an exact figure, refer to a reliable financial resource.

What is the 10 gram gold price in South Africa?

The price for 10 grams of gold in South Africa is ZAR 12,556.70. (This price is from 28 February 2024.) It can be determined by checking the current price per gram and multiplying by 10.

What is the 1 gram gold price in South Africa?

The 1 gram gold price in South Africa is ZAR 1,255.67. (This price is from ZAR 1,255.67.) The 1 gram gold price fluctuates daily based on market demand, currency strength, and other economic factors.

What is the 100 gram gold price in South Africa?

For 100 grams, simply multiply the current price of 1 gram by 100, which is ZAR 125,567.04. (This price is from 28 February 2024.) A real-time gold price source would be the best place to get this information.

How is the gold price determined in South Africa?

Gold prices in South Africa are based on the global gold price, which is set by several banks and institutions (see also LMBA Fix in the UK and CME in the United States.) from Monday till Friday. economic conditions, domestic demand, and other financial market activities. Factors like global geopolitical events, the strength of the ZAR, and interest rates play significant roles.

What role does the South African Reserve Bank have in influencing the gold prices in South Africa?

The South African Reserve Bank , the central bank of South Africa, holds gold reserves. Any announcement or activity related to buying or selling these reserves can influence market sentiments and, indirectly, gold prices.

How does the gold price in South Africa compare to other countries?

Gold prices in South Africa are based on the global gold price, which is set by several banks and institutions (see also LBMA Fix in the UK and CME in the United States.) from Monday till Friday. economic conditions, domestic demand, and other financial market activities. Factors like global geopolitical events, the strength of the ZAR, and interest rates play significant roles.

Do the South African cities like including Johannesburg, Cape Town and Durban have different gold prices?

Gold prices generally remain consistent across the country. Therefore, everywhere in South Africa the gold price is the same. Fluctuations are explained by the markup of the gold dealer and a higher premium for certain gold coins and coins of smaller denominations.

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