As of December 3, 2024, gold in Bolivia costs Bs 18,324 per ounce. This is up from Bs 18,249 on December 2, 2024. It’s also a big jump from Bs 14,036 last year at the same time.
The price of gold in Bolivia changes all day. This keeps you up to date with the latest prices. Things like big economic changes and world events can make prices go up and down. But right now, the market is pretty stable, which is good for investors.
Key Takeaways
- The current gold price in Bolivia is Bs 18,324 per ounce, up from Bs 18,249 on December 2, 2024.
- Gold prices in Bolivia have increased by Bs 4,288 compared to the same time last year.
- Bolivian gold prices are influenced by global supply and demand, as well as macroeconomic and geopolitical factors.
- Prices are updated continuously to reflect the most recent changes in the market.
- The current market volatility status is considered moderate.
Understanding Today’s Gold Market in Bolivia
The gold market in Bolivia is always changing. Prices go up and down all day. Right now, the price of gold is going up by 0.67%.
This increase is because of many things. Global economic changes, world events, and local demand all play a part.
Current Market Trends and Price Updates
Bolivia has seen a big jump in gold production. It went from 6.3 tons in 2010 to 42 tons in 2019. This is worth about $1.7 billion.
This growth is thanks to small mining groups. They now make up 94% of Bolivia’s gold. In La Paz, the number of these groups has doubled since 2010.
Factors Affecting Daily Gold Rates
Many things affect gold prices in Bolivia. Global markets and local mining cooperatives both have a big role. The rules in Bolivia also play a part.
Market Volatility Status
The gold market in Bolivia is a bit shaky. Prices can swing by 3.63 BOB per gram. This shows the market’s ups and downs.
Things like informal mining and global markets make it hard to predict. But, it’s exciting to watch the changes.
“The gold market in Bolivia is a unique and constantly evolving landscape, shaped by a complex interplay of global and local factors. Understanding these dynamics is crucial for those buying gold in Bolivia or selling gold in Bolivia, as well as for those involved in the broader gold trade in Bolivia.”
Price of Gold in Bolivia – Live Rate Analysis
For those investing in Bolivian gold or looking into the precious metals Bolivia market, knowing the latest gold prices is key. The live gold price in Bolivia is 589.74 Bolivianos (BOB) per gram as of December 3, 2024, at 03:22:02 am (La Paz time). This means 18,343.36 BOB per ounce and 589,751.94 BOB per kilogram.
The gold market in Bolivia is going up. The price went up by 3.79 BOB (+0.7%) from yesterday’s price of 585.95 BOB per gram. This shows the precious metals Bolivia market is always changing, and investors need to watch it closely.
“The live gold price data provides valuable insights into the health and performance of the Bolivian gold market, enabling informed investment decisions.”
The live chart shows gold price history over different times. It includes 1 day, 1 week, 1 month, 3 months, year-to-date, 1 year, 5 years, and all-time. This helps investors in Bolivian gold see how the market has done and spot new trends.
The live chart also shows the bid, mid, and ask prices. This gives a clear view of the market right now. It helps investors in Bolivian gold make smart choices and plan their investments in precious metals Bolivia well.
Gold Weight Units and Their Values in Bolivianos
When we talk about gold mining in Bolivia, knowing the weight units is key. We need to know how much they are worth in Bolivian Bolivianos (BOB). The gold mining Bolivia and Bolivia gold industry use these units for fair trade and clear prices.
Common Weight Measurements
In Bolivia, you’ll see grams, ounces, kilos, tolas, bahts, grains, and rattis. Each one has its own value in the gold mining Bolivia and Bolivia gold industry markets.
| Unit | Value in Bolivianos (BOB) |
|---|---|
| 1 Ounce | 18,343.36 BOB |
| 1 Gram | 589.74 BOB |
| 1 Kilo | 589,751.94 BOB |
Price Comparison Across Different Units
It’s important to know how prices change with different units. For example, 1 ounce of gold is about 18,343.36 Bolivianos. 1 gram is 589.74 Bolivianos, and 1 kilogram is 589,751.94 Bolivianos.
Converting Between Different Weight Standards
To switch between gold weight units, remember: 1 gram equals 0.03215 Troy Ounces. This helps you figure out the value of your gold in Bolivianos, no matter the unit.
Knowing about gold weight units and their values helps traders and investors in the gold mining Bolivia and Bolivia gold industry. They can make smart choices and manage their gold better.
Gold Purity Levels and Pricing Structure
In Bolivia, gold purity affects its price. Gold purity ranges from 6-karat to 24-karat. The higher the karat, the purer the gold and the more it costs.
For example, 24-karat gold, which is almost 100% pure, costs 589.74 BOB per gram. This is the highest price in Bolivia.
Lower karat gold costs less. 18-karat gold is 442.30 BOB per gram. 14-karat is 344.01 BOB, and 10-karat is 245.72 BOB per gram. This shows that purer gold is more expensive in the price of gold in Bolivia.
Knowing about karat and price helps when buying gold in Bolivia. It ensures you get good value for your money.
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