If you’re into investing in Namibia’s gold market, you’re probably watching the prices closely. Right now, gold in Namibia costs NAD 1,533.78 per gram (24K). This price changes all day, based on how much gold is available and how much people want it.
The spot price for gold in Namibia is NAD 47,714.24 per ounce. This shows the gold market in Namibia is growing. Last year, gold was NAD 38,520 per ounce. This year, it’s higher, showing good news for gold investors.
Key Takeaways
- The current gold price in Namibia is NAD 1,533.78 per gram (24K).
- The latest spot price for gold in Namibia is NAD 47,714.24 per ounce.
- Gold prices in Namibia have seen a steady increase, with the highest price in the last 8 years reaching NAD 49,228 per ounce.
- Prices fluctuate throughout the day based on supply and demand dynamics in major trading centers.
- Namibia’s gold market offers attractive investment opportunities for savvy investors.
Current Gold Market Overview in Namibia
Namibia’s gold market is always changing. Prices go up and down because of how much gold is made and how much people want it. In the last 24 hours, prices dropped by 0.28% (-NAD 4.30). Today, gold prices range from NAD 1,535.36 to NAD 1,524.32 per gram.
Latest Price Trends and Market Updates
The Namibian gold market has seen small changes lately. Prices are mostly steady, but everyone is watching closely. Things like the world economy, politics, and how people feel about investing affect gold prices here.
Understanding Gold Price Fluctuations
Many things make gold prices in Namibia change a lot. Things like inflation, interest rates, and how strong the currency is matter a lot. Also, big world events can change how people feel about gold, which affects prices in Namibia.
Market Volatility Status
The gold market in Namibia is considered medium in volatility. Prices move but not too much. This shows the market is pretty stable, thanks to local and global factors. People who trade gold in Namibia need to stay alert and adjust their plans to keep up with the market.
“The Namibian gold market is a dynamic landscape, with prices constantly fluctuating in response to supply and demand forces.”
Price of Gold in Namibia: Live Market Analysis
Keep up with the latest gold prices in Namibia. As of November 28, 2024, gold costs NAD 47,718.63 per ounce. This is with a daily change of -0.26% or -NAD 122.10.
The highest price for the day was NAD 47,756.00. The lowest was NAD 47,412.64. This shows a medium level of market change.
Gold prices in Namibia vary by purity. This meets the needs of investors, jewelry makers, and industrial users. The 24-karat gold, which is 99.999% pure, costs NAD 47,718.63 per ounce.
Other common purities include 18-karat at NAD 35,788.97 and 14-karat at NAD 27,835.87 per ounce.
| Gold Purity | Price per Ounce (NAD) |
|---|---|
| 24-Karat | NAD 47,718.63 |
| 18-Karat | NAD 35,788.97 |
| 14-Karat | NAD 27,835.87 |
Investors and gold fans can buy gold in different amounts. Prices for 5 ounces are NAD 238,593.16. For 10 ounces, it’s NAD 477,186.31. And for 100 ounces, it’s NAD 4,771,863.14.
These live market data update every minute. They give a full view of the gold mining in Namibia, gold bullion Namibia, and gold jewelry Namibia markets.
To know the latest gold price changes and market trends, download the Kitco Gold Live! app. It offers real-time quotes, historical charts, and detailed analysis for many precious metals and cryptocurrencies.
Gold Rates by Purity Levels
Gold investment or buying gold jewelry in Namibia depends on purity. The gold market has many purity levels. This meets the needs of gold investment Namibia, gold bullion Namibia, and gold jewelry Namibia buyers.
24K Gold Standards and Pricing
24-karat gold is the purest in Namibia, at 99.999% pure. It costs 279.38 NAD per Ratti. It’s a top choice for those wanting the purest gold investment Namibia.
Different Karat Options
Namibia’s gold market also has other karat options. These options fit different tastes and budgets:
- 23-karat gold: 267.74 NAD per Ratti
- 22-karat gold: 256.10 NAD per Ratti
- 21-karat gold: 244.46 NAD per Ratti
- 18-karat gold: 209.54 NAD per Ratti
- 14-karat gold: 162.97 NAD per Ratti
- 10-karat gold: 116.41 NAD per Ratti
- 9-karat gold: 104.77 NAD per Ratti
- 8-karat gold: 93.13 NAD per Ratti
- 6-karat gold: 69.85 NAD per Ratti
Price Variations Across Purities
Gold prices in Namibia change with purity. 24-karat gold is the priciest, while 6-karat is the cheapest. This variety lets buyers pick the gold investment Namibia, gold bullion Namibia, or gold jewelry Namibia that fits their budget.
| Purity Level | Price per Ratti (NAD) | Price Change (NAD) |
|---|---|---|
| 24-Karat | 279.38 | -0.56 |
| 23-Karat | 267.74 | -0.53 |
| 22-Karat | 256.10 | -0.51 |
| 21-Karat | 244.46 | -0.49 |
| 18-Karat | 209.54 | -0.42 |
| 14-Karat | 162.97 | -0.32 |
| 10-Karat | 116.41 | -0.23 |
| 9-Karat | 104.77 | -0.21 |
| 8-Karat | 93.13 | -0.19 |
| 6-Karat | 69.85 | -0.14 |
Gold Price Measurements and Conversions
When looking at the price of gold in Namibia, it’s key to know the different ways to measure it. Prices are shown in Namibian Dollars (NAD) for each weight. This includes grams, ounces, tolas, and kilograms.
For instance, 1 ounce of gold prices in Namibia is about NAD 47,706.97. A kilogram costs NAD 1,533,812.55, and a tola is NAD 17,890.11. Knowing how to switch between these units is crucial for making good choices.
One key fact is that 1 gram of gold is the same as 0.03215 troy ounces. Our website has tools to help you switch between different weights and currencies. This way, you always have the latest and most accurate Namibian gold market prices.
| Unit | Price (NAD) |
|---|---|
| 1 Gram of 22K Gold | 1,406.6 |
| 4 Grams of 22K Gold | 5,626.5 |
| 100 Grams of 22K Gold | 140,661.9 |
| 1 Gram of 14K Gold | 895.12 (Buy), 868.27 (Sell) |
| 1 Gram of 24K Gold | 1,534.5 |
Knowing about gold price measurements and conversions helps you make smart choices. This is especially true when you’re investing or trading in the Namibian gold market.
Historical Gold Price Performance
The gold investment Namibia market has seen big changes in prices lately. Looking at the Namibian gold market, we find interesting patterns in gold prices Namibia.
Price Trends Over Recent Years
The price of 14-karat gold in Namibia has gone up and down. The biggest drop was 3.7% on November 24, 2024. The price fell from 897.21 Namibian Dollars (NAD) per gram to 889.18 NAD per gram.
Market High and Low Points
The highest price for 14-karat gold in Namibia was 49,228 NAD per ounce on November 22, 2024. After that, the price slowly went down.
Notable Price Movements
The gold prices Namibia have changed a lot. For example, the price of 14-karat gold is now 894.91 NAD per gram. This is a 0.3% drop from the day before.
These gold investment Namibia price trends help investors and analysts. They can make better choices and use the Namibian gold market to their advantage.
“The gold market in Namibia has shown great strength. Prices change because of the economy and world events. Knowing these trends is key for investors wanting to grow their wealth.”
Factors Influencing Namibian Gold Prices
The prices of gold in Namibia change due to many global and local reasons. The main reason is how much gold is made and sold in gold mining in Namibia and Namibian gold exports. The amount of gold in the country and how much is made also matters a lot.
Also, the world’s economy and how the US dollar and Namibian dollar (USD/NAD) compare affects gold prices in Namibia. When the exchange rate changes, it can change the price of gold too. Gold is traded in US dollars worldwide.
Big events and changes in the world also affect gold prices in Namibia. Wars, big changes in rules, and other big events can make prices go up and down. These changes are seen in the local market too.
To make good choices, it’s important to watch these factors closely. Knowing what affects Namibian gold prices helps investors, buyers, and the gold industry. They can then plan better for the changing gold market.
“The price of gold is influenced by a complex interplay of global and local factors, from production levels and reserves to exchange rates and geopolitical events.”
- How much gold is made and sold in gold mining in Namibia and Namibian gold exports
- The country’s gold reserves and how much is made
- The world’s economy and how the US dollar and Namibian dollar (USD/NAD) compare
- Big events and changes in the world
By knowing these important factors, people in the Namibian gold market can make better choices. They can handle the changing world of gold better.
Investment Opportunities in Namibian Gold
Namibia’s gold mining industry is very exciting for investors. It offers a chance to add gold to your portfolio. This can help grow your wealth over time.
Investment Strategies
There are many ways to invest in gold investment Namibia. You can buy physical gold, invest in gold ETFs, or buy stocks of gold mining companies. Each choice has its own benefits and risks.
Portfolio Diversification Guidelines
Experts say to put 5% to 10% of your money in commodities like gold trading Namibia. This helps spread out your risk. It can protect your money from big market swings.
Risk Management Considerations
Investing in gold bullion Namibia comes with risks. You need to watch the market closely. Think about safe storage, insurance, and costs. Spreading your investments and looking long-term can help manage these risks.
Namibia’s gold mining is a great chance for investors. By picking the right strategy and understanding risks, you can benefit from the gold investment Namibia market.
Gold Trading Hours and Market Updates
Investing in the Namibian gold market means knowing the trading hours and price changes. The gold market is open 24/7, 5 days a week. This lets you watch and trade at different times.
The Live Price of Gold shows a 1.5% gain in Namibia’s gold price on November 25th, 2024. This good news was also in the Morning Wrap report. Knowing the gold market’s trends is key, as it’s a big player in global trade.
Keeping up with gold trading hours and market news helps you make smart choices. The gold market changes fast. By watching the market closely, you can spot good times to trade.
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