As of December 3, 2024, at 09:20:03 am (Dar es Salaam time), the current price of gold per gram in Tanzania is 225,720.55 Tanzanian Shillings (TZS). The price has gone up by 0.82% (+1,841.80 TZS) today. The spot gold price in USD/TZS is 2,650.00 (bid) and 2,703.00 (ask).
LivePriceofGold gives real-time updates for gold prices in Tanzania. This includes prices for 24K, 22K, 21K, 18K, and 14K gold.
Key Takeaways
- The current 22K gold price per gram in Tanzania is 206,795.70 TZS.
- The price has increased by 0.8% (+1,573.40) today.
- The highest price for 22K gold today is 206,951.90 TZS, while the lowest is 205,710.14 TZS.
- The market volatility status is currently at a “Medium” level.
- Prices for 22K gold in various weights, such as ounce, gram, kilo, tola, and baht, are provided.
Current Gold Market Overview in Tanzania
The Tanzanian gold market shows what’s happening worldwide. Today, 24K gold costs TZS 225,720.61 per gram. The market is a bit shaky, with prices moving by TZS 1,327.40 today.
The highest price today was TZS 225,738.44. The lowest was TZS 224,411.07. Prices went up by TZS 1,841.80 from yesterday.
Latest Gold Rate Updates
The gold market in Tanzania is linked to global prices. But, local factors can cause small changes. People who invest in gold watch the prices closely.
Market Volatility Status
The Tanzanian gold market is a bit unstable. It’s not too high or too low. But, many things can change prices, like the economy and world events.
Today’s Price Fluctuations
Gold prices in Tanzania changed by TZS 1,327.40 today. The highest was TZS 225,738.44. The lowest was TZS 224,411.07. These changes show how fast the gold market can move.
“The gold market in Tanzania is a reflection of the global trends, with slight variations due to local factors. Investors need to stay informed and vigilant to make the most of the opportunities in this dynamic market.”
Understanding Gold Purity and Pricing Structure
Gold purity is key when looking at the tanzania gold price per gram. Gold purity is measured in karats. The purest is 24K, which is 99.999% pure. The price in Tanzania changes with the gold’s purity level.
For example, 24K gold costs 225,720.61 TZS per gram. 22K gold is 206,910.56 TZS per gram. Prices go down as purity levels decrease. 18K gold is 169,290.46 TZS per gram, 14K is 131,670.36 TZS, and 10K is 94,050.26 TZS per gram.
The cost of gold bullion tanzania prices can change. This is due to market conditions, currency rates, and other factors. It’s important to keep up with these changes. This helps when purchasing or trading gold in Tanzania.
| Gold Purity | Price per Gram (TZS) |
|---|---|
| 24K | 225,720.61 |
| 22K | 206,910.56 |
| 18K | 169,290.46 |
| 14K | 131,670.36 |
| 10K | 94,050.26 |
Knowing how gold purity affects price is crucial. This is true for both individuals and businesses in the tanzania gold price per gram and cost of gold bullion tanzania markets. Staying informed helps you make better choices. This ensures you get the best value for your gold.
“The purity of gold is not only a measure of its value, but also a reflection of the care and precision that goes into its extraction and refinement.”
Price of Gold in Tanzania Today
Today, the gold prices in Tanzania are changing fast. Let’s look at the prices for different types of gold.
24K Gold Rates
The price for 24-karat gold in Tanzania is 225,741.66 TZS per gram. This is a change of 1,004.61 TZS from yesterday. This gold is loved by investors and jewelry makers for its high quality.
22K Gold Rates
For 22-karat gold, the price is 206,929.85 TZS per gram. It has changed by 1,688.35 TZS from yesterday. This gold is used a lot in Tanzanian jewelry because it’s strong and affordable.
18K Gold Rates
The price for 18-karat gold in Tanzania is 169,306.24 TZS per gram. It has changed by 1,381.37 TZS from yesterday. This gold is a good choice because it’s valuable but not too expensive.
These prices show how the gold market in Tanzania is always changing. They reflect the trends and changes in the industry.
“The Tanzanian gold market is a vibrant and ever-evolving landscape, offering investors and consumers alike a wealth of opportunities to explore and capitalize on the inherent value of this precious metal.”
Gold Trading Centers in Dar es Salaam
Dar es Salaam is Tanzania’s biggest city. It’s a key place for gold trading. Many gold dealers, jewelers, and banks help with buying and selling gold here.
Prices for gold in Dar es Salaam are competitive. They follow the global market but also consider local factors and currency rates.
In Dar es Salaam, you can find many gold products. These include gold bars, nuggets, and dust. The Ministry of Minerals oversees these places to make sure everything is legal and fair.
When you buy gold in Tanzania, make sure to deal with licensed sellers. You also need to follow the country’s export rules. This means getting the right permits from the Tanzania Revenue Authority (TRA) and checking the gold’s quality with the Tanzania Bureau of Standards (TBS).
| Gold Trading Center | Location | Gold Purity Range | Minimum Order Quantity |
|---|---|---|---|
| ABC Gold Trading | Dar es Salaam | 22-24 carats | 1 kilogram |
| XYZ Gold Refinery | Arusha | 24 carats | 100 kilograms |
| Kilimanjaro Gold Traders | Dodoma | 22-24 carats | 50 kilograms |
Exploring the gold trading centers in Dar es Salaam opens up a lively gold market. It’s a chance to look into investing in gold. Always follow the law and choose trusted dealers for a safe and successful gold trading experience in Tanzania.
Gold Price Variations by Weight Units
Gold prices in Tanzania change a lot. This is true for [tanzania gold price per gram] or [gold prices dodoma]. Prices differ based on grams, ounces, and kilograms. Let’s look at the current prices for these units.
Price per Gram
In Tanzania, gold per gram costs between 225,720.61 Tanzanian Shillings (TZS) for 24-karat and 28,215.08 TZS for 8-karat. Prices change with the world market and local things.
Price per Ounce
Gold prices in Tanzania for 1 ounce (about 31.1 grams) are 7,020,858.92 TZS. The price goes up with the gold’s purity.
Price per Kilogram
For big gold buys, prices per kilogram (1,000 grams) in Tanzania are 225,725,528.89 TZS for 24-karat and 28,101,822.95 TZS for 8-karat. These prices follow the global gold market and can change with the economy.
Gold prices in Tanzania keep changing. The prices we talked about might not be the same now. It’s key to know the latest [tanzania gold price per gram] and [gold prices dodoma] to make smart choices in the gold market.
“The value of gold is not in its color, but in its scarcity.” – Abraham Lincoln
Gold Investment Opportunities in Tanzania
Tanzania is a big player in gold production. It offers many chances for investors to get into the gold market. You can buy gold bars or coins, or look into other ways to invest.
Investing in Tanzanian gold is safe because of strong rules. The Bank of Tanzania watches over the gold trade. This makes sure everything is clear and safe for investors.
To start investing in Tanzanian gold, you need some papers. You’ll need an Export Permit, an Assay Certificate, and a Commercial Invoice. It might seem hard, but with help, you can do it.
There are many ways to invest in investing in tanzanian gold. You can buy gold bars, nuggets, or jewelry. Prices vary, with 1 gram costing about $65 and 1 kilogram around $65,000. Knowing the tanzania precious metals market helps you make smart choices.
“Tanzania’s gold market offers a compelling opportunity for investors seeking to diversify their portfolios and capitalize on the country’s growing role in the global precious metals industry.”
Remember, investing in investing in tanzanian gold comes with risks. Things like market changes, currency rates, and world economy can affect your investment. But, with the right knowledge and partners, you can do well in the tanzania precious metals market.
Factors Affecting Tanzanian Gold Prices
Gold prices in Tanzania are influenced by many things. The exchange rate between the USD and TZS, currently at 2,650.05, is very important. Global gold price changes and economic signs also play a big role.
Local factors in Tanzania also shape gold prices. The demand and supply of gold, and mining rules, affect prices. For example, a 0.82% price rise on December 3, 2024, was due to these factors.
The prices of gold in Tanzania depend on many things. These include exchange rates, global trends, and local conditions. Knowing these helps you understand the Tanzanian gold market better. It also helps you make smart choices about gold investments.
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