Welcome to our guide on the current gold price in Mauritius. As of November 28, 2024, 07:59 UTC, the price of 24K gold per gram is about MUR 3,944.45. The bid price is MUR 3,821.78, and the ask price is MUR 4,242.65. This article will give you the latest info to help you make smart choices.
We track prices for different gold purities like 22K, 21K, 18K, and 14K. These prices are for raw gold. Extra fees might apply based on where you buy or sell it. We also show currency exchange rates for USD, EUR, GBP, AUD, and CAD against the Mauritian Rupee (MUR).
Key Takeaways
- Current 24K gold price in Mauritius is MUR 3,944.45 per gram
- Mauritian gold market offers a range of purity options, including 22K, 21K, 18K, and 14K
- Live gold prices reflect raw rates, with additional charges applicable at the point of transaction
- Currency exchange rates for USD, EUR, GBP, AUD, and CAD against MUR provided for context
- Comprehensive data enables informed decision-making for gold investors and buyers in Mauritius
Understanding Gold Prices in the Mauritian Market
Gold prices in Mauritius change due to global trends and local factors. The interest rate in Mauritius is 4.00%. This rate affects the gold market.
Currency rates also play a big role. For example, EUR 1 = 48.3800-50.0024 MUR and USD 1 = 45.8663-46.9757 MUR. These rates help set gold prices in Mauritius.
Factors Affecting Local Gold Rates
The gold market in Mauritius is influenced by many things. These include:
- Global economic conditions and their impact on the precious metals Mauritius market
- Fluctuations in the USD/MUR exchange rate, as the US dollar is the primary currency for international gold trading
- Geopolitical events and their influence on investor sentiment and gold demand
- Domestic inflation rates and their effect on the purchasing power of the Mauritian rupee
- Local supply and demand dynamics for physical gold and gold-backed financial instruments
Market Hours and Trading Sessions
The Mauritian gold market trades at the same times as the global market. This ensures prices are up to date. It helps Mauritian investors easily connect with the global gold market.
Currency Impact on Gold Prices
The value of the Mauritian rupee against major currencies affects gold prices. Changes in USD/MUR and EUR/MUR rates can greatly impact gold prices. This is because most gold in Mauritius is imported.
Keeping an eye on these currency changes is key. It helps understand the gold market in Mauritius.
| Gold Price Per Ounce | Amount (MUR) |
|---|---|
| 24-Karat | 122,613.66 |
| 23-Karat | 117,504.75 |
| 22-Karat | 112,395.85 |
| 21-Karat | 107,286.95 |
| 18-Karat | 91,960.24 |
| 14-Karat | 71,524.63 |
| 10-Karat | 51,089.02 |
The table shows gold prices in Mauritius vary by purity and karat. This is important for investors and buyers.
Live Gold Rates Per Gram in Mauritius
Keeping up with gold trading Mauritius and gold bullion Mauritius prices is key. It’s important for investors and jewelry lovers. Here’s a look at today’s gold rates per gram in Mauritius:
| Gold Purity | Current Rate (MUR) | Change Today | High Price | Low Price |
|---|---|---|---|---|
| 24K | 3,944.45 | -0.42% (-15.30) | 3,618.40 | 3,592.38 |
| 22K | 3,613.53 | -0.42% (-15.30) | 3,618.40 | 3,592.38 |
| 21K | 3,451.40 | -0.42% (-15.30) | 3,618.40 | 3,592.38 |
| 18K | 2,958.34 | -0.42% (-15.30) | 3,618.40 | 3,592.38 |
| 14K | 2,307.50 | -0.42% (-15.30) | 3,618.40 | 3,592.38 |
The table shows the live gold trading Mauritius and gold bullion Mauritius rates. It includes different gold purities like 24K, 22K, and more. These prices change in real-time, showing the fast pace of the Mauritian gold market.
There are also prices for 10K and 6K gold. This gives a full view of the gold trading Mauritius scene. It helps you make smart choices when buying, selling, or investing in gold.
The mood for gold trading Mauritius is medium in terms of change. The price has dropped by -0.4% in the last 24 hours.
Price of Gold Mauritius: Today’s Market Analysis
Today, gold in Port Louis, Mauritius, costs between 3,920.79 – 3,947.10 Mauritian rupees (MUR) per gram. This is for 24-karat gold. The market has seen a small drop of -0.43% from yesterday.
Current Trading Range
The gold prices in Mauritius have been moving up and down. The highest price today was 3,947.10 MUR per gram. The lowest was 3,920.79 MUR per gram. This shows how fast the gold market can change.
Price Movements and Volatility
The gold market in Mauritius has shown some ups and downs today. Prices have changed a bit for different types of gold. The gold dealers in Mauritius are keeping a close eye on these changes.
Market Sentiment Indicators
- The market mood is shaped by world economic news and local demand.
- People in Mauritius who buy and sell gold are watching the prices closely. They want to know how these prices will affect their plans.
- How well the market handles price swings is a sign of its mood.
“The gold market in Mauritius continues to be a dynamic and closely-watched arena, with investors closely monitoring the price movements and market sentiment indicators.” – Gold Market Analyst, Port Louis
Gold Investment Options in Port Louis
Looking to invest in gold in Mauritius? You have many choices. Physical gold like coins and bars is popular in Port Louis. You can also invest in gold ETFs and mining stocks without owning physical gold.
Physical gold comes in different weights. You can buy it in grams, ounces, kilograms, or tolas. Right now, 24K gold costs 3,944,451.78 MUR per kilogram. 22K gold is 3,621,006.74 MUR per kilogram. There are also prices for gold based on tolas for different purities.
| Gold Purity | Price per Kilogram (MUR) |
|---|---|
| 24K | 3,944,451.78 |
| 22K | 3,621,006.74 |
For a more varied investment, consider gold ETFs and mining stocks. These options let you invest in the gold investment Mauritius market. You don’t have to worry about storing and securing gold bullion Mauritius.
It’s key to know the risks and benefits of each gold investment in Port Louis. Talking to a financial advisor can help. They can guide you in making smart choices and building a strong investment portfolio.
Understanding Gold Purity Standards
In the gold jewelry Mauritius market, knowing about gold purity is key. The international karat system is used to measure gold purity in Mauritius. Pure, 24-karat gold is 99.9% pure. On the other hand, 22-karat gold is 91.7% pure.
This purity level affects the price of gold jewelry and bullion in the Mauritian gold market.
Karat System Explained
The karat system breaks down gold into 24 parts. Each part is 1/24th of the total. 24-karat gold is the purest, with 24 parts of pure gold.
Lower karat gold, like 22-karat or 18-karat, has a mix of gold and metals like silver or copper. This mix makes the gold more durable and harder.
Pricing Based on Purity
The purity of gold affects its price in Mauritius. 24-karat gold is the most expensive because it’s the purest.
22-karat gold is priced closely after. 18-karat and 14-karat gold are more affordable. The price difference shows the value and quality of the gold.
It’s important for buyers to know the karat system when looking at gold jewelry Mauritius.
Certification and Hallmarking
The Mauritian government has a system for checking gold’s authenticity and purity. All gold jewelry and bullion must be tested and certified by approved agencies.
The hallmark on the gold shows its karat and purity. This system helps buyers trust they’re getting real, high-quality Mauritian gold market products.
“Gold’s value is determined by its purity, and the karat system is the global standard for measuring this.”
Gold Trading Hours and Market Updates
In Mauritius, gold trading hours match big international exchanges. Traders get live gold prices and updates 24 hours a day. This helps them make smart choices and use price changes to their advantage.
The gold trading symbol XAUUSD shows gold’s price in US dollars. It’s the key price for gold worldwide. Traders watch this symbol and others like futures and stocks to understand the Mauritian gold market.
Gold trading in Mauritius runs from 01:02 to 23:59 server time. On Fridays, it ends at 23:57. This matches the top gold markets’ hours, letting Mauritian traders join the global scene.
Things like inflation, political stability, and US dollar changes can make gold prices go up and down. Traders keep up with the latest news and price changes with real-time data and analysis from trusted sources.
Whether you’re a pro or new to gold trading, knowing about gold trading Mauritius and the price of gold Mauritius is key. It helps you make smart choices and move through the changing gold market.
“Gold is a unique asset that has been a store of value for centuries, and its role in portfolios continues to evolve.” – World Gold Council
Currency Exchange Rates and Gold Prices
In the Mauritian gold market, currency exchange rates are very important. They help decide how much gold costs. Changes in these rates, especially between the Mauritian Rupee (MUR) and the US Dollar (USD), can change gold prices a lot.
MUR to USD Conversion Impact
The MUR to USD exchange rate is now 46.5100. This is 0.45% less than yesterday. This change in the MUR/USD rate affects gold prices in Mauritius.
When the Mauritian Rupee goes down against the US Dollar, gold prices go up. This is because gold prices are set in US Dollars worldwide.
International Currency Influences
The Mauritian gold market also feels changes in other currencies. For example, the Euro (EUR) and the British Pound (GBP) rates matter too. The EUR/MUR rate is 49.0301, down 0.68%. The GBP/MUR rate is 58.8436, down 0.66%.
These changes in exchange rates add to the ups and downs in the Mauritian gold market.
Exchange Rate Fluctuations
The Mauritian Rupee, like other currencies, changes a lot. These changes come from many things. Like how the economy is doing, political stability, and what’s happening in the world.
So, gold prices in Mauritius change a lot too. They show how fast and changing these currency movements are.
It’s very important to know how currency exchange rates affect gold prices. This helps people who buy or invest in gold in Mauritius. By watching these exchange rate changes, they can make smart choices. This way, they can get the most value for their money.
Gold Price Variations by Weight
Buying gold bullion Mauritius or gold jewelry Mauritius changes with weight. Let’s look at gold prices in Mauritius by weight.
For 24-karat gold, an ounce costs 122,672.45 Mauritius Rupees (MUR). A kilogram is 3,944,451.78 MUR. A tola is 46,007.30 MUR.
For 22-karat gold, an ounce is 112,613.31 MUR. A kilogram is 3,621,006.74 MUR. A tola is 42,234.70 MUR.
| Purity | Price per Ounce (MUR) | Price per Kilogram (MUR) | Price per Tola (MUR) |
|---|---|---|---|
| 24K | 122,672.45 | 3,944,451.78 | 46,007.30 |
| 22K | 112,613.31 | 3,621,006.74 | 42,234.70 |
Understanding gold weight and purity is key in Mauritius. Whether it’s gold bullion Mauritius or gold jewelry Mauritius, knowing market rates is important.
Gold prices change due to many factors. These include global economics, supply and demand, and investor feelings. Knowing about gold pricing in Mauritius helps you make smart choices and get good value.
Conclusion
The Mauritian gold market has many options for investing. You can see live prices for different purities and weights. Things like global trends and local economy affect gold prices in Mauritius.
Investors and buyers can get real-time data. This helps them make smart choices in this changing market.
If you want to invest in gold or just know the latest prices in Mauritius, this guide helps. It covers how local rates are affected and the investment choices available. Now, you can move through the Mauritian gold market with confidence.
Gold prices in Mauritius change often. Keeping up with market news and trends is key for smart investing. Use the resources and info given to improve your gold investment plan. This way, you can make the most of the Mauritian gold market.