In South Africa, the current spot price of gold is ZAR 29 344.62/oz (US$ 1 795.37/oz). A gram of gold costs ZAR 943.41 (US$ 57.72), while a kilogram costs ZAR 943,379.34 (US$ 57 718.07).
What is the highest gold price in history?
The highest gold price ever recorded came on August 7, 2020, when gold traded for $2 074.88 USD. This occurred during the early months of the Covid-19 epidemic, when the financial market was volatile. The previous peak for gold came on September 6, 2011, when it briefly reached $1 928/oz.
Is gold inexpensive in South Africa?
Even after decades of gold mining in South Africa, there are still gold projects where the metal may be mined at a low cost. Gold is extracted at Pan African Resources’ tailings retreatment plants in Barberton and Elikhulu at all-in sustaining costs of US$643/oz. and US$708/oz., respectively.
What is the gold price per gram in South Africa?
The current price of gold per gram is ZAR 943.41. An ounce is equal to 28,35 grams. A kilo of gold will cost you ZAR 943,379.34. To see the current gold price, visit our gold price chart.
Where can I get gold?
Physical gold bullion, gold coins (such as the Krugerrand), gold bars, and jewelry can all be purchased, as can gold mining stocks or exchange-traded funds (ETFs).
