The price of gold per gram varies across African countries due to differences in exchange rates, local taxes, and dealer premiums. While the global price of gold is set internationally, each country adjusts it based on its national currency and market conditions.
Here’s a breakdown of the current gold price per gram in key African gold markets as of April 2025.
✅ Current Gold Price Per Gram in Major African Countries
| Country | Currency | 1g Gold (24kt) | 10g Gold (24kt) | Notes |
|---|---|---|---|---|
| South Africa | ZAR | R970 – R1,000 | R9,700 – R10,000 | VAT-free for investment gold |
| Ghana | GHS | GH₵40 – GH₵42 | GH₵400 – GH₵420 | Jewelry may include VAT |
| Nigeria | NGN | ₦23,000 – ₦24,000 | ₦230,000 – ₦240,000 | High exchange rate impact |
| Kenya | KES | KSh6,200 – KSh6,400 | KSh62,000 – KSh64,000 | Prices vary by dealer |
| Tanzania | TZS | TSh38,000 – TSh40,000 | TSh380,000 – TSh400,000 | Local mining impacts availability |
| Uganda | UGX | USh45,000 – USh47,000 | USh450,000 – USh470,000 | Informal trade affects pricing |
| Mozambique | MZN | MZN1,800 – MZN1,900 | MZN18,000 – MZN19,000 | Growing interest in gold |
| Zimbabwe | ZWL | ZWL1,200 – ZWL1,300 (approx.) | ZWL12,000 – ZWL13,000 | Inflation affects value daily |
💡 Note: Prices are approximate and subject to daily changes based on global gold prices and local currency fluctuations.
🔍 How Is the Gold Price Determined?
The price of gold per gram depends on several factors:
- Global spot price: Set daily on international exchanges like COMEX or LBMA.
- Exchange rate: The strength or weakness of the local currency against the US dollar.
- Purity level: 24kt (pure gold) vs. 22kt or lower (common in jewelry).
- Dealer markup: Varies depending on location and product type.
- Taxes and import duties: May apply to jewelry but not always to investment-grade bullion.
📍 Where to Check and Buy Gold Across Africa
You can track real-time prices and buy gold from:
- Licensed bullion dealers in major cities
- Online platforms offering live gold tracking
- Jewelers selling 22kt gold items
- Refineries and mints supplying certified bars and coins
Always buy from certified sellers to ensure authenticity and fair pricing.
📉 Factors Affecting Gold Prices in Africa
| Factor | Impact |
|---|---|
| Global gold price | Directly influences local cost |
| Currency value | A weaker currency increases gold price |
| Inflation and economic stability | Drives demand for gold as a safe asset |
| Import regulations | Can affect supply and pricing |
| Local taxation | Jewelry may be taxed; bullion often exempt |
💬 Frequently Asked Questions (FAQ)
Q: What is the price of 1 gram of gold in Africa?
A: It ranges from R970 (South Africa) to ₦23,000 (Nigeria) depending on the country and currency.
Q: Is gold tax-free in Africa?
A: In many countries, investment-grade gold bars and coins are tax-exempt, but jewelry may be subject to VAT or import duties.
Q: Can I buy gold online in Africa?
A: Yes, several platforms now offer digital gold or deliver physical gold with secure payment options.
✅ Final Thoughts
The gold price per gram in Africa reflects both global trends and local economic conditions. Whether you’re investing in South Africa, Ghana, Nigeria, or other African nations, staying updated on gold values helps you make smarter financial decisions.
With rising inflation and currency instability in some regions, gold remains a strong store of value across the continent.
