As of November 28, 2024, the gold price in Paraguay is ₲20,573,915 per ounce. This is a bit lower than yesterday’s price of ₲20,617,717 per ounce. Gold prices in Paraguay change all day to show the latest global market updates.
The spot price for gold in Paraguay is also ₲20,573,915 per ounce. This price is affected by trading in big gold centers like Tokyo, London, and New York. These prices in Paraguay Guaranis change based on supply and demand, and big world events.
Key Takeaways
- The current gold price in Paraguay is ₲20,573,915 per ounce.
- Gold prices in Paraguay have increased from ₲15,188,618 per ounce a year ago.
- The spot price for gold in Paraguay is also ₲20,573,915 per ounce.
- Gold prices in Paraguay are influenced by global market factors such as supply and demand.
- Commodities like gold are traded 24/7, leading to fluctuations in prices throughout the day.
Understanding Gold Markets in Paraguay
The gold market in Paraguay is shaped by global trends. Gold prices here are affected by international gold exchanges. This means prices in Paraguay are influenced by global and local markets.
Global Market Influence on Local Rates
Gold is traded all day, every day, in global markets. Places like Tokyo, London, and New York set the gold price standard. Changes in these areas affect gold prices in Paraguay.
Trading Hours and Market Operations
Gold trading in Paraguay follows the global market. Traders and investors can trade anytime, with peak hours matching major exchanges. This lets them make smart choices about gold trading Paraguay and gold investment Paraguay.
Key Trading Centers Affecting Paraguay’s Gold Prices
The Paraguay gold market is linked to top global trading centers. Prices in Paraguay are set by major exchanges like Tokyo, London, and New York. These places set the gold value standard worldwide.
| Key Trading Center | Influence on Paraguay Gold Prices |
|---|---|
| Tokyo Commodity Exchange (TOCOM) | Plays a significant role in determining the gold spot price in Paraguay |
| London Bullion Market (LBM) | Serves as a global benchmark for gold pricing, influencing rates in Paraguay |
| New York Mercantile Exchange (COMEX) | Impacts gold price movements in Paraguay through its futures and spot trading |
Latest Gold Price Trends in Paraguay
The gold price in Paraguay changes often, like the world markets. On November 26, 2024, it was ₲20,475,263 per ounce. This is down 3.27% from yesterday. The price is the same in big cities like Asunción and Ciudad del Este.
Gold prices have gone up a lot in Paraguay. They are now ₲5,286,645 more than last year. The highest price was ₲22,048,960, and the lowest was ₲19,996,465 per ounce.
| Gold Unit | Current Price (PYG) | Price Change |
|---|---|---|
| Ounce | 20,475,263.00 | -3.27% |
| Gram | 661,656.70 | -0.15% |
| Kilogram | 661,671,106.75 | -0.15% |
| Tola | 7,717,613.15 | -0.15% |
Many things affect the gold prices Paraguay. These include world trends, economic signs, and how much is available. People watch these changes to decide on their cost of gold Paraguay and current gold price Paraguay.
“The gold market in Paraguay is highly responsive to global economic conditions, making it a valuable asset for both local and international investors.”
Price of Gold in Paraguay by Weight Units
Gold prices in Paraguay change based on the weight you buy. You can buy gold by gram, ounce, or kilogram. Knowing the current prices helps you make smart choices.
Gold Prices per Gram
The price of gold per gram in Paraguay changes with gold purity. For 24-karat gold, it’s about ₲661,696.63 per gram. Prices drop for less pure gold, like 22-karat at ₲606,555.25, 21-karat at ₲578,984.55, and 18-karat at ₲496,272.47.
Gold Prices per Ounce
For bigger gold buys, the gold price per ounce Paraguay is about ₲20,573,915. This is for a full ounce, a bigger investment.
Gold Prices per Kilogram
For big gold purchases, the gold price per kilogram Paraguay matters. A hundred grams cost about ₲66,169,663.27. Five hundred grams cost ₲330,848,316.34.
Knowing how gold prices work in Paraguay helps you choose wisely. Whether you want a little or a lot, you’ll make better decisions.
“Gold is the currency of kings, the instrument of commerce, and the object of speculation.”
Different Grades of Gold and Their Prices
In Paraguay, gold prices change based on its purity. The market offers many gold grades, each priced differently. Here are the prices for each gold purity in Paraguayan Guarani (PYG):
- 24K gold is priced at ₲120,424.66 per gram.
- 23K gold is priced at ₲115,406.97 per gram.
- 22K gold is priced at ₲110,389.27 per gram.
- 21K gold is priced at ₲105,371.58 per gram.
- 18K gold is priced at ₲90,318.50 per gram.
- 14K gold is priced at ₲70,247.72 per gram.
- 10K gold is priced at ₲50,176.94 per gram.
These prices show how gold content affects price. 24K gold is the purest and most expensive in Paraguay.
| Gold Purity | Price per Gram (PYG) |
|---|---|
| 24K | ₲120,424.66 |
| 23K | ₲115,406.97 |
| 22K | ₲110,389.27 |
| 21K | ₲105,371.58 |
| 18K | ₲90,318.50 |
| 14K | ₲70,247.72 |
| 10K | ₲50,176.94 |
The prices show the value of gold purity in Paraguay. More pure gold means a higher price. So, 24K gold is the most expensive.
Price of Gold in Paraguay: Market Analysis
The gold market in Paraguay is complex. It’s influenced by many things like supply and demand, economic signs, and how people feel about the market. Knowing these things helps you understand gold prices better.
Supply and Demand Factors
The gold market analysis in Paraguay shows that gold prices change with supply and demand. If people want more gold than there is, prices go up. Mining, the world economy, and how investors feel also affect gold prices in Paraguay.
Economic Indicators
Gold prices in Paraguay are also influenced by the country’s economy. Things like inflation, how the currency changes, and big events can change gold prices. When the economy is shaky or inflation is high, gold becomes more popular and prices go up. But, if the economy is strong and the currency is stable, gold prices might go down.
Market Sentiment and Trends
The mood and trends in the Paraguayan gold market also play a big role. Things like how investors feel, market rumors, and industry mood can make gold prices go up and down. Watching these trends can help you make smart choices about gold in Paraguay.
| Indicator | Impact on Gold Prices |
|---|---|
| Inflation | Higher inflation means gold prices go up as people want a safe investment. |
| Currency Fluctuations | A strong local currency makes gold cheaper for Paraguayans. But, a weak currency can make gold prices higher. |
| Geopolitical Events | Uncertainty and tensions can make people want gold more, which can raise prices. |
| Investor Sentiment | When investors are optimistic, gold prices go up. But, if they’re pessimistic, prices might fall. |
By understanding these gold market analysis Paraguay, you can make better choices about gold in Paraguay.
Gold Investment Options in Paraguay
Paraguay has many ways for investors to get into the gold market. You can buy gold or look into other investment options. The country has a lot to offer for those wanting to mix up their investments.
Investing in physical gold, like coins and bars, is a common choice. Paraguay’s gold market has many products for different tastes and risk levels. You can buy gold from local shops, banks, or online.
Gold-backed financial tools like ETFs and gold certificates are also good. They let you invest in gold without having to store it yourself.
Experts say putting 5-10% of your money into commodities like gold is smart. It can help reduce risk and protect against market ups and downs. But, always talk to a financial expert before investing in Paraguay’s gold market.
Whether you’re buying gold Paraguay, selling gold Paraguay, or looking into gold investment opportunities Paraguay, knowing the market is key. With the right advice and knowledge, you can make the most of Paraguay’s gold market.
Historical Gold Price Performance
The gold price in Paraguay has seen a lot of changes over eight years. The highest price was ₲22,092,248 per ounce on October 29, 2024. This shows how the gold market in Paraguay can change a lot.
Gold prices in Paraguay have mostly gone up. This shows gold is seen as a safe place to put money. It helps protect against changes in money value.
Notable Market Events
Many big events have changed gold prices in Paraguay. Things like economic problems, world tensions, and changes in money rules have all played a part. People investing in Paraguay keep an eye on these things. They change their plans to make the most of the gold market.
Price Patterns and Cycles
The gold price in Paraguay has shown clear patterns and cycles over eight years. There have been times when prices went up steadily, then dropped sharply. This makes the gold market in Paraguay exciting but also tricky for investors.
Knowing these patterns and cycles is key for investors. It helps them make smart choices and get the best returns in the gold price history Paraguay.
“The gold market is always open and uses many different financial tools. This makes it easy and accessible for investors in Paraguay.”
As the gold market events Paraguay keep happening, the gold price patterns Paraguay will stay very interesting. By staying up-to-date and flexible, investors in Paraguay can find great chances in the gold market.
Factors Influencing Gold Rates in Paraguay
The gold rate in Paraguay is affected by many things. These include global and local factors. Knowing these is key for those interested in Paraguay’s gold market.
One big thing that changes gold prices in Paraguay is the world’s economy. Changes in the US dollar’s value can really affect gold prices. When the dollar goes down, gold prices often go up. This is because gold is more affordable for people around the world.
- In December 2023, gold prices went up because the US dollar’s value went down. This shows how the dollar’s value and gold prices are connected.
- Central banks in countries like China, Russia, and India are buying more gold. This increases gold demand.
- The jewelry market in countries like India and China also affects gold prices. They use a lot of gold for jewelry.
Things happening in Paraguay’s economy also matter. For example, inflation and the value of the Paraguayan Guarani. When inflation goes up, the Guarani’s value might go down. This makes gold more expensive in Paraguay.
| Date | Gold Price (Paraguayan Guarani per Ounce) | Change from Previous Day |
|---|---|---|
| 27 November 2024 | 20,528,754.48 | +33,472.89 (+0.16%) |
| 26 November 2024 | 20,495,281.59 | -12,342.49 (-0.06%) |
| 25 November 2024 | 20,507,624.08 | +49,186.82 (+0.24%) |
Events and how people feel about the market can also change gold prices. For example, the Russia-Ukraine conflict in 2022 made people want gold more. This made gold prices go up.
“Some analysts suggest that the world may be nearing ‘peak gold’ production, potentially leading to a decline in new gold production and consequent price increases.”
In summary, gold rate factors Paraguay are complex. They include global and local economic factors, and how people feel about the market. By understanding these, investors and consumers in Paraguay can make better choices in the Paraguay gold market dynamics.
Conclusion
The gold market in Paraguay is always changing. It’s shaped by local and global events. To do well, you need to keep up with gold prices and trends.
Watching live gold rates and knowing what affects the market helps. This way, you can make smart choices when investing in gold in Paraguay.
The gold investment Paraguay scene has many chances. You can buy physical gold or invest in gold-backed products. As the Paraguay gold market outlook changes, knowing the latest news and gold price forecast Paraguay is key. This helps you find the best investment paths.
Whether you’re experienced or new, grasping the gold market’s details is crucial. It’s the secret to successful gold investments in Paraguay.
By being alert and informed, you can confidently move through the Paraguay gold market. It offers great chances. As the world economy shifts, gold’s value stays strong. Paraguay’s place in this world is important to watch and explore.
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