If you’re into the gold market in Taiwan, you’ll want to know the latest prices. Taiwan, known as the Republic of China, has a big economy in Asia. Gold prices there are in New Taiwan Dollars (TWD) and other major currencies.
LivePriceofGold gives you updates on the gold price in taiwan. It covers gold purities like 24K, 22K, 21K, 18K, and 14K. You can see live rates for gold by gram, ounce, tola, and kilogram. This gives you a full view of the taiwan gold market and precious metals taiwan.
Key Takeaways
- Taiwan’s official currency is the New Taiwan Dollar (TWD), which is used to quote gold prices.
- LivePriceofGold provides real-time updates on gold rates in Taiwan, covering various purities.
- Gold prices are available in TWD as well as other major global currencies like USD, CNY, JPY, EUR, and GBP.
- The website offers live gold rates per gram, ounce, tola, and kilogram, making it easy to track the precious metals taiwan market.
- Understanding the latest gold prices in Taiwan can help investors and consumers make informed decisions in the taiwan gold market.
Understanding Taiwan’s Gold Market and Currency System
Taiwan’s gold market and its currency, the New Taiwan Dollar (NTD), are closely linked. The NTD was introduced in 1949 to fight inflation from the Chinese Civil War. The Central Bank of the Republic of China manages the NTD and Taiwan’s money policy.
The New Taiwan Dollar and Its History
The NTD has been Taiwan’s currency since 2000. It has banknotes of NT$100, NT$500, and NT$1,000. Coins range from NT$1 to NT$50, with NT$200 and NT$2,000 notes less common.
The exchange rate between the U.S. dollar and the NTD has changed over time. It now stands at 1 USD to 28.38 NTD, as of Q2 2021.
Role of the Central Bank of Taiwan
The Central Bank of the Republic of China is key to Taiwan’s gold market. It makes and distributes gold and silver coins.
Taiwan’s gold market and currency are crucial to its economy. The Central Bank manages the New Taiwan Dollar and gold reserves. As Taiwan’s economy grows, so might gold demand, influencing its global market role.
Current Gold Price in Taiwan: Live Market Rates
As of December 3, 2024, the gold rates in Taiwan are changing. The price for 24K gold per gram is 2,779.03 TWD. This is a 0.52% increase from yesterday’s price of 2,764.78 TWD.
The gold market in Taiwan is a bit shaky. The highest price today was 2,782.78 TWD. The lowest was 2,765.68 TWD.
Gold prices in Taiwan vary by weight. Here are some examples:
- Ounce: 86,439.60 TWD
- Gram: 2,779.03 TWD
- Kilogram: 2,779,093.78 TWD
- Tola: 32,414.85 TWD
- Baht: 40,881.61 TWD
- Grain: 180.08 TWD
- Ratti: 505.80 TWD
Gold prices also depend on purity. Here are the prices per gram for different purities:
- 24-Karat: 2,779.03 TWD
- 23-Karat: 2,663.24 TWD
- 22-Karat: 2,547.45 TWD
- 21-Karat: 2,431.65 TWD
As of December 3, 2024, gold costs $86,224 per ounce. This is an increase from yesterday’s price. Gold prices have also gone up a lot from last year.
Gold prices in Taiwan change due to supply and demand. They are also affected by big economic and world events. Experts say gold should be 5-10% of your investments to protect against market ups and downs.
Gold Price in Taiwan: Different Weight Units and Measurements
Buying and selling gold in Taiwan needs you to know about weight units and measurements. The market in Taiwan gives gold prices in New Taiwan Dollars (TWD). This helps both taiwanese gold dealers and those importing gold.
Gold Prices Per Gram in TWD
Gold prices in Taiwan are given per gram. Here are the rates for different karats:
- 24K gold: TWD 2,774.45 per gram
- 22K gold: TWD 2,543.25 per gram
- 18K gold: TWD 2,080.84 per gram
These prices are easy to use for small gold deals or buying gold jewelry.
Gold Rates Per Ounce and Kilogram
The Taiwanese gold market also lists prices per ounce and kilogram:
- 24K gold: TWD 86,285.39 per ounce, TWD 2,774,449.93 per kilogram
- 22K gold: TWD 79,209.99 per ounce, TWD 2,546,945.03 per kilogram
- 18K gold: TWD 64,714.04 per ounce, TWD 2,080,837.45 per kilogram
These prices are for those who buy or sell more gold.
Tola Gold Prices for Traditional Buyers
Taiwan’s gold market also lists prices in tolas for those who like it old-school:
- 24K gold: TWD 32,360.63 per tola
- 22K gold: TWD 29,707.06 per tola
- 18K gold: TWD 24,270.47 per tola
These prices are for those who prefer the traditional tola unit.
Gold bars in Taiwan come in sizes from 1 gram to 500 grams. This meets the needs of many gold buyers and sellers.
Factors Influencing Taiwan’s Precious Metal Markets
Taiwan’s gold market is affected by many things. These include global economic changes and the country’s own currency changes. Taiwan’s economy is also influenced by the world market.
The value of the New Taiwan Dollar against the US Dollar affects gold prices. This is important for Taiwan’s gold market.
Taiwan’s electronics sector is big, making up 70% of the global semiconductor market. The COVID-19 pandemic caused problems in this sector. This affected gold prices and demand.
Geopolitical issues also play a role. Taiwan got an $8 billion aid package. This could help the country’s economy and gold market.
Gold demand from big countries like China affects Taiwan’s gold market. This is important for the gold price in taiwan and taiwan gold market.
| Taiwan Metals & Mining Industry Value: $ million | 2017 | 2018 | 2019 | 2020 | 2021 | 2022(e) |
|---|---|---|---|---|---|---|
| Total | 19,795 | 21,451 | 20,362 | 19,207 | 21,879 | 23,099 |
The table shows the taiwan gold market has changed a lot. This is due to many global and local factors.
Conclusion
Taiwan’s gold market has many options, like gold bars, coins, collectibles, and jewelry. The country’s economy is growing, making gold more important. Knowing what affects Taiwan’s gold market helps you invest wisely in gold investment taiwan or check taiwan bullion prices.
LivePriceofGold gives you the latest gold prices. It shows rates in different units and purities. This info is key if you want to buy gold bars, coins, or jewelry.
Taiwan’s economy is getting stronger, and so is gold demand. Keeping up with Taiwan’s gold market can help you grow your investments. It’s a chance to explore new ways to diversify your portfolio.