Introduction
In 2025, the price of 24 carat gold in Africa continues to reflect global market trends, local currency fluctuations, and investor demand.
24K gold is pure gold (99.9%) , making it one of the most valuable forms for investment and jewelry.
This post provides the latest rates , compares prices across key African countries, and explains what affects gold values today.
Current 24 Carat Gold Rates Across Africa (as of latest data)
| Country | 1 Gram (24K) | 1 Tola (3.75g) | 1 Ounce (31.1g) | Currency |
|---|---|---|---|---|
| South Africa | ~ZAR 960 | ~ZAR 3,600 | ~ZAR 29,850 | Rand |
| Nigeria | ~NGN 23,500 | ~NGN 88,125 | ~NGN 731,000 | Naira |
| Ghana | ~GHS 5.20 | ~GHS 19.50 | ~GHS 162 | Cedi |
| Kenya | ~KES 175 | ~KES 656 | ~KES 5,440 | Shilling |
| Egypt | ~EGP 400 | ~EGP 1,500 | ~EGP 12,440 | Pound |
| Tanzania | ~TZS 2,800 | ~TZS 10,500 | ~TZS 87,000 | Shilling |
đŸ’¡ Note : Prices change daily due to international gold prices and exchange rate fluctuations. Always check updated rates before buying or selling.
What Determines the 24 Carat Gold Rate in Africa?
Several factors influence gold pricing:
- Global Gold Spot Price : Set daily in London and New York.
- Exchange Rates : A weaker local currency makes gold more expensive in local terms.
- Taxes and Import Duties : Some countries apply VAT or levies on gold imports.
- Purity and Form : 24K gold bars or coins are priced differently from jewelry with craftsmanship costs.
- Demand and Inflation : During economic uncertainty, gold demand rises, pushing up prices.
Where to Buy 24 Carat Gold in Africa
You can purchase 24K gold through:
- Banks – Offering gold-backed accounts or physical bullion (e.g., Standard Bank in SA)
- Authorized Dealers – Certified shops selling gold bars and coins
- Online Platforms – Like Gold Republic (South Africa), Bullion.Directory, or Kitco
- Jewelers – For 24K gold jewelry (especially in Nigeria, Egypt, and Sudan)
Always verify the dealer’s credentials and ensure authenticity certificates.
Frequently Asked Questions (FAQs)
Q1: What is 24 carat gold worth in Africa today?
A: The price varies by country, but 1 gram typically ranges between $60–$70 USD , depending on exchange rates.
Q2: Is 24 carat gold good for investment?
A: Yes. It’s the purest form of gold and ideal for long-term value preservation, though it’s too soft for everyday jewelry.
Q3: Can I buy 24 carat gold online in Africa?
A: Yes. Many platforms now offer secure delivery and digital verification for gold purchases.
Conclusion
The 24 carat gold rate in Africa remains a key indicator of economic stability and investment confidence, offering individuals and institutions a reliable store of value in 2025.