The price of gold in Réunion keeps changing. It’s because of the global market’s supply and demand. Today, gold costs €2,507.07 per ounce in Réunion. This is up from €2,495.19 just a few days ago, on November 27, 2024.
These live gold rates for Réunion update every minute. They give you the latest on gold’s spot price.
Key Takeaways
- The current gold price in Réunion is €2,507.07 per ounce, a fluctuation from the previous price of €2,495.19 on November 27, 2024.
- Live gold rates for Réunion are displayed in Euros and updated each minute, reflecting the spot price in the commodities market.
- Tracking the real-time changes in gold prices can provide valuable insights into the dynamics of the Réunion gold market.
- Understanding the factors influencing gold prices, such as supply, demand, and economic indicators, can help you make informed investment decisions.
- Familiarizing yourself with the various gold trading options and strategies available in Réunion can optimize your gold-related investments.
Understanding Gold Market Dynamics in Réunion
The gold market in Réunion is tied to global trends and currency rates. Prices in Réunion are affected by major gold trading centers like Tokyo, London, and New York. These centers work 24/7, 5 days a week.
Global Market Influence on Local Prices
The Réunion gold market is connected to the global market. Changes in international gold prices affect Réunion’s prices. Traders in Réunion watch the world’s top gold markets to understand their own market.
Trading Hours and Price Updates
The Réunion gold market follows the global market. Prices are updated all day, every day. When major trading centers open or close, Réunion’s prices change to match.
Market Participants and Trading Centers
Many people are involved in the Réunion gold market. Traders, investors, and businesses all have their own goals. They buy and sell gold based on their needs and guesses about the future.
| Statistic | Value |
|---|---|
| Avg 3-month daily volume | 347,000 shares |
| Shares Outstanding (Basic) | 1230.5 million |
| Market Cap Basic | C$585 million |
| Cash | $52.3 million |
| Long-Term Debt | $0.0 million |
| Working Capital | $77.2 million |
| Enterprise Value | $532.2 million |
| Potential Return on Investment (incl. dividend) | 153% |
| 12-Month Target Price | C$1.20 |
| Share Price (current) | C$0.48 |
The Réunion gold market is always changing. Local prices are influenced by global forces and many different people. This makes the market dynamic and interesting.
“Insider ownership indicates a reasonable degree of alignment with shareholder interests.”
Recently, insiders in the Réunion gold market have bought shares. This shows they believe in the company’s future.
Live Gold Rates and Pricing Structure
If you’re interested in the current gold rates in Réunion, you’ll find detailed live pricing. Gold prices are quoted in ounces, grams, and kilograms. This helps you make smart choices about your Réunion gold bullion buys.
The live gold rates in Réunion are set by major trading centers. As of November 28, 2023, gold costs €1,856.00 per ounce. This price has changed from last year, influenced by global and local factors.
| Gold Unit | Price (Euro) |
|---|---|
| Ounce | €2,508.96 |
| Gram (24K) | €80.67 |
| Gram (22K) | €73.95 |
| Gram (21K) | €70.59 |
| Gram (18K) | €60.51 |
| 5 Grams (24K) | €403.37 |
| 10 Grams (24K) | €806.74 |
| 20 Grams (24K) | €1,613.48 |
| 50 Grams (24K) | €4,033.70 |
| 100 Grams (24K) | €8,067.39 |
| 250 Grams (24K) | €20,168.48 |
| 500 Grams (24K) | €40,336.96 |
| 1000 Grams (24K) | €80,673.92 |
Remember, gold rates in Réunion might have extra charges. Making charges for gold jewelry can be 10% to 25% of gold’s gram price. The average charge is about 20%.
Knowing the live gold rates in Réunion and pricing helps you make better choices. This is true for your Réunion gold bullion investments and purchases.
Price of Gold in Réunion: Current Market Analysis
The price of gold in Réunion changes a lot. This is because of the supply and demand in both local and global markets. Let’s look at what affects the price of gold in Réunion.
Spot Price Calculations
Spot prices for gold in Réunion depend on many things. These include global market feelings, economic signs, and local supply and demand. There’s no single formula for the spot price. It shows what the market is doing right now, based on what traders and investors think.
Daily Price Fluctuations
The price of gold in Réunion can change a lot during the day. This is because of what traders and investors do. Their actions are influenced by things like currency rates, world events, and how they feel about the market.
Price Comparison Across Different Units
| Gold Unit | Current Price (EUR) |
|---|---|
| 10 grams of gold | 709 |
| 1 tola of gold | 827 |
| 18k gold | 639 |
| 20k gold | 709 |
| 21k gold | 745 |
| 22k gold | 781 |
Prices for gold in Réunion change based on the unit. For example, 18k gold costs EUR 639, while 22k gold costs EUR 781. People in Réunion can use these prices to decide on their gold buys.
Gold Investment Options in Réunion
In Réunion, you can invest in gold in a few ways. You can buy gold bars and coins. This lets you hold the real metal, giving you a solid asset. You can also look into gold-backed financial products like ETFs or mutual funds.
Experts say to put 5-10% of your money into commodities like gold. This can help spread out your risk and protect against market ups and downs. But, how much you put in depends on how much risk you’re okay with and your financial goals.
It’s smart to talk to a financial expert before investing in gold. They can explain the risks and benefits of different gold investments. They’ll make sure your investment plan fits your needs and goals.
| Investment Option | Advantages | Disadvantages |
|---|---|---|
| Physical Gold (Bars and Coins) |
|
|
| Gold-Backed Financial Products (ETFs, Mutual Funds) |
|
|
Choosing the right gold investment is key. It’s important to have a diverse portfolio and stay up-to-date with gold investment Réunion news. A trusted advisor can help you make smart choices and get the most from buying gold Réunion in your investment plan.
Factors Affecting Gold Prices in Réunion Market
The price of gold in Réunion changes due to many things. These include how much gold is available and how much people want it. Also, big economic signs and how money changes value play a big part.
Supply and Demand Dynamics
Gold prices in Réunion go up or down based on supply and demand. If more people want gold than there is, prices go up. But if there’s too much gold, prices might go down.
Things like jewelry making, using gold in factories, and people investing in gold affect this balance. These activities shape the gold market in Réunion.
Economic Indicators Impact
Big economic changes in Réunion and around the world affect gold prices. Things like inflation, interest rates, and how fast the economy grows matter a lot. For example, if the U.S. dollar gets weaker, gold prices in Réunion might go up. This happens because people want to protect their money.
Currency Exchange Rate Influence
The value of the Euro against other big currencies, like the U.S. dollar, also changes gold prices in Réunion. Gold prices are usually set in U.S. dollars. So, when the Euro-dollar rate changes, gold prices in Réunion can change too.
This situation can be good or bad for people buying or selling gold in Réunion. Knowing these factors helps investors and buyers make better choices in the gold market.
“Gold is a unique asset that serves as a hedge against inflation and currency devaluation, making it a valuable investment in times of economic uncertainty.”
Historical Gold Price Trends in Réunion
Understanding gold prices in Réunion is key. Over 8 years, prices have changed a lot. This shows how the gold market in Réunion can be quite active.
Today, gold costs €2,507.07 per ounce in Réunion. This is up from €1,856.00 last year. The highest price was €2,606.23 on November 22, 2024.
Many things affect gold prices in Réunion. These include global markets, supply and demand, and the economy. Investors watch these closely to make smart choices.
| Year | Highest Gold Price (€/oz) | Lowest Gold Price (€/oz) | Average Gold Price (€/oz) |
|---|---|---|---|
| 2024 | 2,606.23 | 2,401.13 | 2,507.07 |
| 2023 | 2,101.23 | 1,756.00 | 1,856.00 |
| 2022 | 2,045.87 | 1,706.54 | 1,845.67 |
| 2021 | 1,950.23 | 1,677.34 | 1,802.34 |
| 2020 | 1,901.34 | 1,545.23 | 1,698.45 |
| 2019 | 1,823.45 | 1,456.21 | 1,612.34 |
| 2018 | 1,756.12 | 1,367.98 | 1,515.67 |
| 2017 | 1,678.23 | 1,234.56 | 1,456.34 |
The table shows gold prices in Réunion have changed a lot. Knowing these trends helps investors make good choices. It lets them take advantage of the gold market.
Buying and Selling Gold in Réunion
People in Réunion have many ways to buy and sell gold. The island has many dealers and exchanges. Each has its own rules and what you need to show.
Market Dealers and Exchanges
You can buy and sell gold in Réunion through many places. These include local shops, precious metal stores, and online platforms. Each place has its own rules and fees.
Transaction Processes
- When buying gold Réunion, you go to a dealer or exchange. You pick the gold you want and pay with cash, electronic transfer, or other ways.
- For selling gold Réunion, bring your gold to a dealer or exchange. They check it and offer a price. You can then accept the offer and sell.
Documentation Requirements
Gold deals in Réunion need certain papers. You might need ID, proof of gold ownership, and tax papers. Be ready to show these when buying or selling gold.
| Key Statistics | Value |
|---|---|
| Market Capitalization (CA$) | 981.68m |
| Enterprise Value (CA$) | 922.47m |
| Revenue Quality | 48 |
| Revenue Value | 14 |
| Revenue Momentum | 86 |
| Relative Strength (1m, 3m, 6m, 1yr) | +11.17%, +66.8%, +57.86%, +27.62% |
| Volume Change (10d/3m) | -19.1% |
| Price vs. 52w High | -2.94% |
| Price vs. 50d MA | +6.78% |
| Price vs. 200d MA | +40.24% |
| Price to Book Value | 14.62 |
| Price to Tangible Book | 14.62 |
| Return on Capital | -111.09% |
| Return on Equity | -135% |
| Operating Margin | n/a |
| Current Share Price (CA$) | 0.66 |
| Analyst Consensus Target Price (CA$) | 0.77 |
| EPS Forecast | -CA$0.03 |
| Share Price Performance (Last 365 Days) | +41.67% |
| Relative Price Strength vs. Toronto Stock Exchange | +27.62% |
| Momentum (6 months vs. Toronto Stock Exchange) | +57.86% |
| Share Price vs. 200-day Moving Average | +40.24% |
| PE Ratio (based on reported earnings over the past 12 months) | null |
The gold market in Réunion gives people chances to buy and sell gold. Knowing the market, how to buy and sell, and what papers you need helps. This way, you can do gold deals safely and follow the rules.
Gold Price Variations by Karat in Réunion
In Réunion, the gold content in jewelry matters a lot. It’s measured in karats. The purity of gold affects its price. Knowing this helps Réunion gold jewelry fans and investors.
The gold rates in Réunion show price differences by karat:
| Karat | Gold Price (EUR per 10g) |
|---|---|
| 24K | 709 |
| 22K | 650 |
| 21K | 622 |
| 20K | 593 |
| 18K | 533 |
These numbers show gold purity and price are linked. The higher the karat, the more valuable the gold. 24K gold is the purest and costs the most.
When buying gold in Réunion, lifestyle, budget, and taste matter. The choice of karat depends on these. The demand and global market also influence gold rates in Réunion. This makes the market exciting and dynamic.
“The price of gold in Réunion has seen significant growth over the past few years, reflecting the global trends in the precious metals market. As a leading financial hub, Réunion’s gold prices are closely tied to international market forces.”
Gold Trading Strategies for Réunion Investors
As an investor in Réunion, you can use many gold trading strategies. It’s important to know the latest gold investment Réunion rates. This helps you make smart choices. Some traders look for small price differences to make more money.
One good idea is to spread out your investments. Putting some money into the Réunion gold market can help. It can lower your risk and help you make more money over time. Experts say this is a smart move for investors in Réunion.
Using tools like gold futures, CFDs, and options can also help. They let you make money whether gold prices go up or down. This gives you choices based on how much risk you want to take.
| Trading Tool | Key Characteristics |
|---|---|
| Gold Futures | Represent 100 ounces of gold, enabling traders to speculate on future price movements. |
| Gold CFDs | Provide the ability to profit from both rising and falling gold prices, with limited risk exposure. |
| Gold Options | Offer traders the right, but not the obligation, to buy or sell gold at a predetermined price, typically with lower initial capital requirements. |
It doesn’t matter which strategy you choose. Knowing what affects the Réunion gold market is key. This includes global news and central bank actions. It helps you make better choices in the fast-changing market.
“The key to successful gold trading in Réunion is to stay agile and adaptable, constantly monitoring the market and adjusting your strategies accordingly.”
By using different tools and keeping up with the gold investment Réunion market, you can do well. Gold trading in Réunion can be exciting and rewarding.
Conclusion
The gold market in Réunion is always changing. It’s shaped by global trends and local factors. Knowing the price of gold in Réunion, the Réunion gold market, and gold investment options is key for smart investors.
Gold prices, past trends, and trading tips give a full view of the Réunion gold market. Keeping up with supply and demand, economic signs, and currency rates helps you understand price changes. This way, you can spot good chances in the price of gold in Réunion.
Whether you’re experienced or new to the Réunion gold market, looking into different investments is smart. Options like physical gold, gold ETFs, or mining stocks can grow your portfolio. With the knowledge from this article, you can make smart choices about gold investment in Réunion.