Maputo, the busy capital of Mozambique, is a key place for trading gold. The gold price per gram in Maputo is 5,419.00 Mozambican Meticals (MZN). It went up by 0.08% (+4.50 MZN) today. The gold market in Maputo is stable, good for both investors and fans.
Mozambique’s economy is getting better, with a GDP growth of over 4% by 2022. The mining sector is a big part of this growth, adding over 14% to the economy in the last quarter. This growth makes the gold market in Maputo very interesting.
Key Takeaways
- Current gold price per gram in Maputo is 5,419.00 Mozambican Meticals (MZN)
- Today’s price change shows a 0.08% (+4.50 MZN) increase
- Market volatility status is classified as medium
- Mozambique’s economy is recovering, with mining contributing over 14% in the last quarter
- Maputo is a hub for trading precious metals, including gold
Current Gold Market Overview in Maputo
The gold market in Maputo, Mozambique, is very active. It attracts both local and international investors. Gold deposits in Niassa, Tete, and Manica provinces are key to this interest.
Xtract Resources bought a mining concession with 2.97 million ounces of gold. Mozambique’s gold production is expected to grow by 1.1% each year from 2016 to 2020. This makes gold prices in Maputo very important for precious metals in Mozambique.
Today’s Gold Price Movements
Today, the gold prices in Maputo are 5,419.00 MZN per gram. The price has changed by 39.00 MZN. The market’s high was 5,423.25 MZN, and the low was 5,384.26 MZN.
Market Volatility and Trading Volumes
The Maputo gold market is somewhat volatile. The current exchange rate is 1 USD = 63.95 MZN. Global and local factors affect the precious metals in Mozambique.
Price Comparison Across Weight Units
| Weight Unit | Price (MZN) |
|---|---|
| 1 ounce | 168,552.09 |
| 1 kilogram | 5,419,067.67 |
| 1 tola | 63,207.03 |
These prices show the gold prices in Maputo and the gold trading scene in the area.
Understanding Gold Purity and Pricing in Mozambique
In Mozambique, gold purity and pricing are important. The market changes often. This affects both buyers and sellers.
The current gold price in Mozambique is 5,419.00 Mozambican Meticals (MZN) per gram. Prices can change by +4.50 MZN (+0.1%) daily. The market’s ups and downs are medium.
| Gold Purity | Price per Gram (MZN) |
|---|---|
| 24-Karat (99.999% pure) | 5,418.95 |
| 22-Karat | 4,967.37 |
| 18-Karat | 4,064.21 |
| 14-Karat | 3,161.05 |
| 10-Karat | 2,257.90 |
24-Karat gold is the purest. It’s bright yellow and soft. The hallmark for 24-Karat gold is 999.
Prices for precious metals in Mozambique change by weight. See the table below:
| Unit | Price (MZN) |
|---|---|
| Ounce | 168,552.09 |
| Gram | 5,418.95 |
| Kilo | 5,419,067.67 |
| Tola | 63,207.03 |
| Baht | 79,716.71 |
| Grain | 351.15 |
| Ratti | 986.27 |
Gold Available in Maputo: Trading Centers and Markets
Maputo is a busy city in Mozambique. It’s a key place for gold trading in southern Africa. The government is working hard to attract investors and improve the country’s infrastructure. This makes Maputo more appealing for those interested in the precious metals market.
Major Gold Trading Locations
In Maputo, you’ll find several important places for gold trading. These include licensed dealers and exchanges. They offer many services, like buying and selling gold, and even digital trading platforms.
Here, you can find different gold items. This includes bars, coins, and jewelry. It’s great for both investors and those looking for personal items.
Licensed Dealers and Exchanges
Mozambique has a network of licensed gold dealers and exchanges. These places follow strict rules set by the government. This ensures all gold transactions are fair and clear.
Traders can work with these licensed professionals. They help make sense of the gold market. This way, you can make smart investment choices.
Market Operating Hours
The gold trading centers in Maputo open during regular business hours. They follow the local time zone (Africa/Maputo). This means traders and investors can join the market during these times.
They can take part in the ups and downs of the global gold market. This gives them chances to make money as opportunities come up.
| Trading Center | Location | Operating Hours |
|---|---|---|
| Maputo Gold Exchange | Avenida 25 de Setembro | Monday – Friday, 9:00 AM – 5:00 PM |
| Mozambique Precious Metals Dealers | Rua da Resistência | Monday – Saturday, 8:00 AM – 6:00 PM |
| Maputo Bullion Market | Praça dos Trabalhadores | Tuesday – Saturday, 10:00 AM – 4:00 PM |
Knowing where to find gold trading centers in Maputo helps investors and traders. It lets them plan better. This way, they can take advantage of the gold trading chances in Mozambique’s precious metals market.
Historical Gold Price Trends in Maputo
Maputo, the lively capital of Mozambique, has seen ups and downs in gold prices lately. The gold market here shows the big picture of precious metals in the area.
The gold price in Maputo is now 170,364 Mozambican Metical per ounce, as of November 25, 2024. But, prices have changed a lot before, including:
- A rise of 4.51 MZN (+0.1%) on a particular day
- An increase of 6.13 MZN (+0.1%) on another occasion
- A more significant spike of 13.69 MZN (+0.3%) during a period of market volatility
- A decline of 177.89 MZN (-3.2%) during a phase of decreased demand
Looking back, Maputo’s gold market has had stable times and ups and downs. These changes mirror the trends in precious metals in Mozambique. People who buy and sell gold watch these prices closely. They look for chances and try to avoid risks in this changing market.
“Tracking the gold price trends in Maputo is crucial for understanding the overall state of the precious metals market in Mozambique.”
As the economic and financial center of the country, Maputo’s gold market is key. It shows how well gold is doing. By studying past prices, we get important info for investors, traders, and leaders.
Investment Opportunities in Maputo’s Gold Market
Maputo, the capital of Mozambique, has many investment chances in gold. You can choose from physical gold or digital trading. The city has lots of options for those who love gold.
Physical Gold Investment Options
In Maputo, you can buy gold that you can hold. You can get gold as small as 5 grams for 27,094.75 MZN. Or, you can buy more, like 10 grams for 54,189.50 MZN or 100 grams for 541,894.97 MZN.
These options are safe and stable. Many investors like them.
Digital Gold Trading Platforms
Maputo also has digital gold trading. This makes buying, selling, and trading gold easy online. It’s great for both new and experienced investors.
Mozambique is getting more foreign investment. This means the digital gold trading will grow.
Storage and Security Solutions
Keeping your gold safe is very important. Maputo has many ways to store and protect your gold. You can choose a private vault or a trusted custodian.
Maputo’s gold market is a great chance to grow your investments. It offers physical gold and digital trading. Maputo is a good place for gold lovers to invest.
Mozambique’s Gold Mining Industry
Mozambique is becoming a key spot for gold mining operations. The country has a lot of gold reserves. The government is trying to make mining legal to stop illegal mining.
In 2021, Mozambique mined 800 kilograms of gold. This is a big jump from 545 kilograms the year before. It shows how important gold mining is getting in Mozambique.
A big deal in Mozambique’s gold mining is Shandong Yulong Gold’s plan to invest $3.4 million. This shows they believe in Mozambique’s future. It also shows more companies want to mine there.
The government wants to help mining and the local economy. They are creating jobs and improving infrastructure. They also offer internships for geology students. This gives them real experience in mining.
“Mozambique’s gold production has seen a remarkable increase in recent years, underscoring the country’s potential as an emerging player in the global precious metals market.”
Mozambique’s gold mining is set to help the country grow. It will attract investors from around the world.
Regulatory Framework for Gold Trading in Maputo
Mozambique’s government is working hard to make rules for gold trading clear. They want to draw in investors and make the precious metals sector better in Mozambique.
Government Policies and Guidelines
The Mozambican government is getting help from the EU and World Bank. They are making the mining rules better. This includes better management of mineral titles and geodata.
These changes aim to bring in more gold trading and exploration investments. It’s all about making things more transparent and efficient.
Licensing Requirements
- To start gold mining operations, the government has set up clear licensing rules. These apply to both individuals and companies.
- The licensing process checks if businesses follow environmental and safety rules. It also promotes responsible gold trading.
- Businesses in the gold trading field need the right licenses and permits. This is to legally operate in Maputo and Mozambique.
Mozambique is trying to attract more investment and grow its economy. They want to make sure the precious metals sector grows in a sustainable way. By making rules clear, they hope to attract more people to gold trading.
“The government’s focus on modernizing the regulatory environment for the mining sector is a positive step towards unlocking Mozambique’s potential as a destination for gold trading and investment.”
International Gold Trade Relations
Mozambique is a key spot for gold exports and trade of precious metals. It has a long coastline and deep ports. This makes it a great place for trade.
The country works closely with China. China helps with mining and building things. This makes Mozambique important in the gold trade and international trade.
Other big countries like India, Brazil, and Australia are also interested. They want to mine in Mozambique. This shows Mozambique is getting more important in the precious metals world.
| Country | Trade Relationship | Exports |
|---|---|---|
| China | Strong bilateral relations | Mining industry, infrastructure funds |
| India | Emerging trade partner | Diversified mining sectors |
| Brazil | Expanding trade ties | Mining and resource industries |
| Australia | Growing interest | Varied mining sectors |
Mozambique is getting better at international trade, especially with gold exports and precious metals. This could help the country grow and develop more.
Gold Jewelry Market in Maputo
Maputo’s gold jewelry market shows Mozambique’s rich culture and international tastes. You can find traditional African designs and modern styles. The city offers a wide range of gold jewelry for everyone.
Popular Gold Jewelry Styles
The gold jewelry in Maputo has many styles. You can find classic and bold designs. Local artisans use traditional Mozambican symbols in their work.
Retail Pricing Structure
The price of gold jewelry in Maputo depends on the gold’s purity. 24-Karat gold is the most expensive. But, 18-Karat and 14-Karat gold are cheaper. This makes gold jewelry in Maputo affordable for many.
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