If you want to know the gold price in Cambodia, you’re in the right spot. The gold price in Phnom Penh changes often because of the world market. Right now, gold costs 344,543.35 Cambodian Riels (KHR) per gram. This is a +0.78% increase from yesterday.
The market is a bit shaky, but the gold rates get updated every day. They update at 02:22:02 pm Phnom Penh time.
Are you thinking about buying gold, investing, or just keeping up with the market? Knowing the current gold price is key. This article will give you the latest prices for gold of different purities. You’ll also see prices in various weights like grams, ounces, and kilograms.
Key Takeaways
- The current price of gold in Cambodia is 344,543.35 KHR per gram.
- Gold prices in Cambodia cover a range of purities, from 24K to 14K.
- Live gold rates are updated daily at 02:22:02 pm Phnom Penh time.
- The market volatility status is medium, indicating moderate price fluctuations.
- Prices are available for different weight units, including grams, ounces, kilograms, and tolas.
Understanding Cambodia’s Gold Market Overview
Cambodia’s gold market is lively and offers many gold purity options. You can find everything from 24K (99.999% pure) gold to 18K and 14K. This variety meets different tastes and budgets.
Different Types of Gold Purity Available
- 24K (99.999% pure) gold, known as “Tuk Dap Meas,” is the purest form available in Cambodia.
- 22K, 21K, 18K, and 14K gold purity levels are also commonly found in the Cambodian market.
- The purity of gold jewelry in Cambodia typically has a markup of around $20 over the spot price for locally smithed gold.
- In comparison, most jewelry sold in the United States is at most 22 carat (91.6% gold).
Key Market Players and Trading Centers
The Cambodian gold market is led by a few big players. Major trading centers are in Phnom Penh and other cities. These places help trade gold investment Cambodia, gold jewelry Cambodia, and precious metals Cambodia.
Market Operating Hours and Peak Trading Times
The gold market in Cambodia is open during regular hours. The busiest times are in the morning and early afternoon. Events like the Lunar New Year can also change gold prices a lot.
| Metric | Value |
|---|---|
| Gold Purity (24K) | 99.8% |
| Gold Measurement Unit | Chi (1 chi = 3.749 grams) |
| Price of 1 Chi of Gold | $149.96 USD |
| Gold Production (Since June 2021) | 5.3 tonnes (90% purity) |
| Government Revenues from Gold | $15 million |
Price of Gold in Cambodia: Live Rate Analysis
The current price of gold per ounce in Cambodia is 10,718,526.75 KHR. Today, gold prices went up by 0.79%. This means a rise of +84,202.90 KHR from yesterday’s price of 10,634,323.86 KHR. The market’s volatility is medium.
Gold prices in Cambodia change based on purity. Here are the rates per ounce:
- 24-Karat: 10,718,526.75 KHR
- 23-Karat: 10,271,921.47 KHR
- 22-Karat: 9,825,316.19 KHR
- 21-Karat: 9,378,710.91 KHR
- 18-Karat: 8,038,895.06 KHR
Today, gold prices in Cambodia ranged from 10,732,051.50 KHR to 10,666,087.22 KHR. Over time, gold prices in Cambodia have changed a lot.
| Gold Purity | Price per Gram (KHR) | Price per Gram Bar (KHR) |
|---|---|---|
| 24K | 344,626.53 | 344,626.53 – 172,313,263.04 |
| 22K | 315,907.65 | 315,907.65 – 158,953,824.72 |
| 21K | 301,548.21 | 301,548.21 – 150,774,105.21 |
| 18K | 258,469.89 | 258,469.89 – 129,234,944.60 |
| 14K | 201,606.52 | 201,606.52 – 100,803,258.88 |
| 10K | 143,709.26 | 143,709.26 – 71,854,628.29 |
| 8K | 114,760.63 | 114,760.63 – 57,380,315.82 |
| 6K | 86,156.63 | 86,156.63 – 43,078,314.36 |
The exchange rate for the US dollar to the Cambodian riel is 1 USD = 4,049.39 KHR. This affects gold prices in the local currency. The live gold data is updated on December 3, 2024, at 07:25 UTC, 02:25 NY.
“The Cambodian gold market is highly dynamic, with prices constantly fluctuating in response to global trends and local economic factors. As an investor, staying informed about the latest gold rates in Phnom Penh and the Cambodian gold market is crucial to make well-informed decisions.”
Gold Investment Options in Phnom Penh
Cambodia’s gold market is lively and full of chances for those wanting to buy gold in Phnom Penh. You can buy physical gold from approved dealers and banks. This includes gold bars, coins, and jewelry. When you buy gold Cambodia, think about purity, weight, and market trends to make smart choices.
Physical Gold Purchase Locations
Phnom Penh has many trusted gold dealers and banks. They offer a big selection of gold bullion Cambodia. Some top places to buy physical gold are:
- Aeon Mall Phnom Penh
- Orussey Market
- Phnom Penh City Center Banks (e.g., ABA Bank, Canadia Bank, Cambodian Commercial Bank)
Storage and Security Considerations
It’s key to store and secure your gold well. Here are some options:
- Home storage: Keep gold coins and bars in a safe or locked cabinet.
- Bank safety deposit boxes: Rent a secure box at a local bank to keep your gold safe.
- Professional storage facilities: Use gold storage services from trusted companies for the best protection.
Investment Strategies for Different Budgets
Gold investment in Cambodia fits many budgets. You can buy small jewelry or big gold bullion Cambodia. Here are some strategies:
| Investment Type | Ideal Budget | Potential Benefits |
|---|---|---|
| Gold Jewelry | $500 – $5,000 | Accessible, versatile, and can be worn or resold. |
| Gold Coins and Bars | $1,000 – $50,000 | Tangible assets that can be easily stored and traded. |
| Gold ETFs or Mutual Funds | $500 – $50,000 | Diversified exposure to the gold market without physical possession. |
It’s vital to do your homework, understand the market, and get expert advice. This way, you can make the best gold investment Cambodia choices.
Factors Affecting Cambodian Gold Prices
The gold market in Cambodia is shaped by many things. These include local and global factors. Knowing these is key for those trading or investing in gold here.
The exchange rate between the US dollar and the Khmer Riel (KHR) is a big factor. Since Cambodia uses a lot of dollars, changes in this rate affect gold prices. When the exchange rate changes, so does the price of gold locally.
Global economic conditions and market ups and downs also matter. Events like political instability or trade issues can affect gold prices worldwide. These changes are seen in Cambodia too.
- Seasonal events, like weddings and festivals, can raise gold demand and prices.
- The growth of Cambodia’s economy and its global connections also impact gold prices.
As of October 22, 2023, gold in Cambodia cost $2,390 per damlung. This is a $890 increase from before, or a 37.2% rise. International prices were $87,604 per kilogram, $3,285 per damlung, and $2,727 per ounce that day.
| Factors | Impact on Cambodian Gold Prices |
|---|---|
| USD to KHR exchange rate | Significant impact, as the Cambodian economy is heavily dollarized |
| Global economic conditions and market volatility | Causes ripples in international gold markets, reflected in local prices |
| Seasonal factors (e.g., wedding seasons, festivals) | Temporary increase in demand and prices |
| Growth and development of the Cambodian economy | Long-term influence on gold prices |
Understanding these factors helps gold traders and investors in Cambodia. They can make better choices and move through the gold market more smoothly.
Conclusion
The Cambodian gold market has many investment chances. You can find gold in different purity levels and weights. It’s key to watch live gold rates and know the market well. This helps you make smart choices.
The gold market in Cambodia is shaped by global and local factors. This makes gold a valuable choice for investors and buyers. It’s a key asset for those looking to grow their wealth.
In Phnom Penh, there are about 2,000 gold dealers. They set the price of gold in Cambodia based on London and Hong Kong prices. You can buy physical gold, use it for savings, or exchange currencies. These options let investors take advantage of the market and guard against inflation.
Cambodia’s mining, agriculture, and tourism sectors will grow with the global commodity market. As the US dollar weakens, commodity prices will rise. The Cambodian gold market looks promising for diversifying your investments and benefiting from the country’s growth.
I was looking for gold to add to my investment portfolio, and after searching for reliable sellers, I came across James. From the first interaction, I could tell that James is someone you can trust. I decided to purchase a 50-gram pure gold bar, and the entire process was smooth and hassle-free.
The gold bar was exactly as described — pure, certified, and delivered in secure packaging. James provided a certificate of authenticity, which gave me peace of mind. What really stood out was his clear communication and willingness to answer all my questions. He made the process easy, even for someone new to gold investments.
James’ Contact Information:
Name: James
Email: golddealerjames@gmail.com
Whatsapp : +49 (152) 1471-1522
If you’re thinking about investing in pure gold, I highly recommend buying from James. He’s professional, reliable, and ensures you get the best service and product quality. I’m confident that I made a secure investment, and I look forward to making more purchases with him in the future!
Buying gold can be intimidating, but James made it simple and safe. I bought a 50-gram pure gold bar for my daughter’s future, and I’m very happy with the quality and service. He was transparent, answered all my questions, and provided all the necessary documentation. I’ll definitely buy from him again
I wanted to make a large investment and decided to buy a 1-kilogram pure gold bar from James. At first, I was nervous about such a big purchase, but James made me feel secure. The gold bar came with all the necessary documents, and the entire process was smooth. I’m confident that I made a great investment, thanks to Daniel for your recommendations .
Reach James on Whatsapp : +49 (152) 1471-1522
He was responsive and made the whole process easy. He answered all my questions and kept me informed throughout the purchase. The gold bar was securely packaged and delivered promptly. It was a great experience, and I’m already thinking about buying more from him in the future.
Contact him golddealerjames@gmail.com
I’ve been buying gold for a few years, and this was my first time purchasing from Him. I bought a 1-ounce gold bar, and the entire process was seamless. The gold was exactly as described, and the secure packaging was impressive. What stood out to me was his honesty and how he made sure I was informed every step of the way.