The gold price in Botswana is 36,309 Botswana Pula (BWP) per ounce as of December 3, 2024. This is up from 36,106 BWP on December 2, 2024. The spot price shows the value for immediate settlement in the trading world.
Gold prices change all day as traders buy and sell. These changes come from many things like supply and demand, big economic news, and world events. Keeping up with the live gold price in Botswana helps investors and buyers make smart choices.
Key Takeaways
- The current gold price in Botswana is 36,309 BWP per ounce, up from 36,106 BWP the previous day.
- Gold prices in Botswana are influenced by global and local commodity market dynamics, including supply, demand, and macroeconomic factors.
- Tracking live gold price updates in Botswana can assist investors and consumers in making informed decisions about their gold-related activities.
- The spot price for gold in Botswana reflects the immediate settlement value in the commodities market.
- Gold prices in Botswana can fluctuate throughout the trading day as traders buy and sell on exchanges.
Understanding Today’s Gold Market in Botswana
The Botswana gold market is open 24/7, 5 days a week. It gives live price updates to everyone. On December 3, 2024, at 09:22:02 am (Gaborone time), the price for 24K gold per gram is 1,162.90 BWP. The bid price is 1139.64 BWP, and the ask price is 1221.04 BWP.
Live Gold Price Updates and Market Hours
The gold market in Botswana gives real-time price updates. This helps investors and consumers know the latest prices. The market is open all the time, so you can always get the latest prices and news.
Factors Influencing Daily Price Movements
Many things affect gold prices in Botswana. These include global supply and demand, big economic changes, and world events. These factors cause prices to change every day, and people watch them closely.
Current Market Volatility Status
The Botswana gold market’s volatility is medium today. The price changed by 7.20 BWP. The highest price was 1,168.70 BWP per gram, and the lowest was 1,161.52 BWP per gram. This means the price went up by +7.60 BWP, or +0.7%.
| Gold Purity | Price per Gram (BWP) | Bid Price (BWP) | Ask Price (BWP) |
|---|---|---|---|
| 24K | 1,162.90 | 1,139.64 | 1,221.04 |
| 22K | 1,065.21 | 1,043.91 | 1,118.47 |
| 21K | 1,017.54 | 997.18 | 1,068.41 |
“The Botswana gold market provides a dynamic and transparent platform for investors and consumers to engage with the precious metals industry.”
If you want to invest in Botswana’s gold market, check out precious metals Botswana. Or, if you’re interested in the latest gold investment Botswana news, this guide has everything you need to know.
Price of Gold in Botswana Across Different Weight Units
Gold prices in Botswana change with different weights. The latest prices are: 36,296.17 Botswana Pula (BWP) per ounce, 1,166.92 BWP per gram, and 1,166,947.24 BWP per kilo. Prices for tola, baht, grain, and ratti also vary, from 13,611.06 BWP per tola to 75.62 BWP per grain.
| Weight Unit | Price (BWP) |
|---|---|
| 1 Ounce | 36,296.17 |
| 1 Gram | 1,166.92 |
| 1 Kilo | 1,166,947.24 |
| 1 Tola | 13,611.06 |
| 1 Baht | 17,166.27 |
| 1 Grain | 75.62 |
| 1 Ratti | 212.39 |
For bigger amounts, 100 grams of gold bullion Botswana costs 116,692.18 BWP. And 1000 grams (1 kg) is 1,166,921.83 BWP. These prices change with the global and local gold jewelry Botswana market.
Prices for gold exports Botswana change with weight units. This is due to global prices, supply and demand, and local trends. Knowing these changes helps when buying gold bullion Botswana or gold jewelry Botswana.
Gold Purity Standards and Pricing
In Botswana, gold purity ranges from 24K to 6K. The 24K gold rate is 1,166.92 BWP per gram. Here are the karat values and their prices:
| Karat | Purity | Price per Gram (BWP) |
|---|---|---|
| 24K | 99.999% | 1,166.92 |
| 23K | 95.8% | 1,118.30 |
| 22K | 91.6% | 1,069.68 |
| 21K | 87.5% | 1,021.06 |
| 18K | 75% | 875.19 |
| 14K | 58.5% | 680.70 |
| 10K | 41.7% | 486.22 |
| 9K | 37.5% | 437.60 |
| 8K | 33.3% | 388.97 |
| 6K | 25% | 291.73 |
Understanding Gold Hallmark Symbols
The hallmark for 24K gold in Botswana is 999. It shows the gold is 99.999% pure. Knowing these standards helps in gold mining in Botswana and gold purity Botswana. It also helps buyers when they buy gold.
Price Variations by Trading Centers
In Botswana, gold prices can change a bit from one place to another. The world’s gold market is big, with key places like Tokyo, London, and New York. In Botswana, Gaborone is where most gold trading happens. There, gold costs 1139.64 Botswana Pula (BWP) per gram to buy and 1221.04 BWP per gram to sell.
These small price differences can help smart traders make money. The value of the US Dollar (USD) compared to the Botswana Pula (BWP) also plays a role. This rate is about 13.6613. Keeping an eye on gold trading Botswana and global prices can guide your gold investments.
Even though prices might vary a little, Botswana’s gold market is still connected to the world. Knowing these details helps you move through the gold market better. It also helps you use your investment chances wisely.