Taiwan is a big economy in Asia. It uses the New Taiwan Dollar (TWD) as its money. Gold prices in Taiwan are in TWD and change often.
On December 3, 2024, gold was 2,774.45 TWD per gram. The Central Bank of Taiwan helps set these prices. It’s important for gold and bullion prices in Taiwan.
Key Takeaways
- Taiwan’s official currency is the New Taiwan Dollar (TWD)
- The Central Bank of the Republic of China (Taiwan) controls the taiwan precious metal prices
- Current live gold price per gram (24K) in Taiwan is 2,774.45 TWD
- Taiwan has a large and export-oriented economy
- Taiwan’s workforce is one of the most highly educated in the world
Understanding Gold Trading in Taiwan’s Market
Taiwan’s gold market uses the New Taiwan Dollar (TWD). It has an exchange rate of about 32.6010 TWD to 1 USD. This makes taiwan gold trading and taiwan gold investment stable.
The Central Bank of Taiwan is key in the taiwan gold market. It controls the currency and money rules. This keeps the gold trading system honest and clear.
Market Operating Hours and Trading Sessions
Gold trading in Taiwan happens during regular hours. You can get updates 24/7. The Taipei Exchange (TAIFEX) offers two gold futures contracts.
These contracts are the TAIFEX US Dollar Gold Futures (GDF) and the TAIFEX NT Dollar Gold Futures (TGF). They let investors easily join the taiwan gold trading market.
| Contract | Trading Volume (2015) | Trading Volume (January 2016) |
|---|---|---|
| GDF | 2 trades | 1 trade |
| TGF | 58,000 contracts | 7,550 contracts |
The Central Mint makes coins and medals for taiwan gold investors. It meets many needs.
“Taiwan’s Central Bank holds the world’s 14th largest official gold reserves, amounting to 423.6 tonnes, all stored within Taiwan and not internationally.”
Current Taiwan Gold Price and Market Rates
As of December 3, 2024, the live taiwan gold price and market rates in Taiwan are as follows:
- 24K gold per gram: TWD 2,779.03
- 22K gold per gram: TWD 2,543.52
- 21K gold per gram: TWD 2,428.39
The current gold price per ounce in Taiwan is TWD 86,439.60. These prices are updated in real-time. Bid/ask spreads and intraday movements are closely tracked.
| Gold Measurement | Price Range (TWD) |
|---|---|
| Gram | TWD 2,718.96 – TWD 2,913.17 |
| Ounce | TWD 84,559.68 – TWD 90,599.66 |
| Kilogram | TWD 2,718,961 – TWD 2,913,172 |
Gold rates are available for various weights. This includes gram, ounce, kilogram, and tola. Prices are influenced by interest rates, inflation, and central bank activity in the taiwan bullion price market.
“The gold market in Taiwan is a crucial component of the country’s economy, reflecting the global and domestic economic conditions.”
Gold Investment Options in Taiwan’s Market
Taiwan has many gold investment choices. You can pick from gold bars, coins, and jewelry. Let’s look at the main options in Taiwan’s gold market.
Physical Gold Products
Taiwan has many physical gold products. The Central Mint of Taiwan makes special gold coins and collectibles. These are great for those who love collecting gold.
Gold Bars and Coins
Taiwan also has gold bars and coins for investing. You can find gold in different purities like 24K and 18K. They come in various weights, from 1 gram to 500 grams. This lets investors choose what fits their needs best.
Gold Jewelry Investment
Gold jewelry is a popular choice in Taiwan. Some see it as a way to invest in gold. Taiwan’s jewelry market has many designs for investors to pick from.
Investors in Taiwan can find great options. The country’s gold market is strong and supported by a solid economy.
Factors Affecting Taiwan Gold Price Today
Taiwan’s gold prices change due to many things. These include global economic changes, how the local currency moves, and how much people want gold. Taiwan’s economy is big on exports, making it sensitive to world changes.
The tech world, especially semiconductors, is a big part of Taiwan’s economy. It’s like 70% of the global market. Problems like the COVID-19 pandemic can really affect prices and jobs.
- Chinese military actions near Taiwan have made things uncertain. This has led to a small drop in gold prices.
- China buying more gold might mean they’re getting ready for bigger actions in Taiwan. It could also mean they’re moving away from the U.S. dollar. This could change the global gold market a lot.
- The central bank’s actions and how currencies change also affect gold prices in Taiwan.
It’s important to understand all these factors for those in the Taiwan gold market. By keeping up and being flexible, investors can make smart choices. This way, they can take advantage of the market’s ups and downs.
| Product | Price (USD) |
|---|---|
| 1 Gram Gold Bar | $120.32 |
| 2.5 Gram Gold Bar | $224.83 |
| 1/10 oz Gold Eagle Coin | $374.80 |
| 5 Gram Gold Bar | $459.64 |
| 1/4 oz Gold Eagle Coin | $849.72 |
| 10 Gram Gold Bar | $894.29 |
| 1/2 oz Gold Eagle Coin | $1,575.05 |
| 1 oz Perth Mint Gold Bar | $2,646.47 |
| 30 Gram Gold Panda Coin | $2,654.89 |
“The price of gold in Taiwan shows how global and local factors mix. It’s key for investors to understand these to do well in the Taiwan gold market.”
How to Track and Compare Gold Prices in Taiwan
Knowing the latest gold prices in Taiwan is key for smart investors. You can watch live gold rates on online sites. These sites give updates on gold prices in different weights and purities.
They show gold prices in Taiwanese dollars (TWD) and other major currencies. This makes it easy to compare prices in different markets.
These platforms also let you change settings like spread percentages and labor costs. This helps you figure out the total cost, including fees. It helps you make better choices when buying or selling gold in Taiwan.
Whether you like physical gold, gold bars and coins, or gold jewelry, these sites have what you need. They help you keep up with gold price changes in Taiwan. By watching how prices move, you can make smart investment choices and take advantage of good market times.