If you want to know the gold price in Togo, you’re in the right spot. As of November 30, 2024, gold costs CFA 1,642,921 per ounce. This is a big jump from CFA 1,227,974 a year before. The spot price for gold in Togo is CFA 1,642,921 per ounce. This shows the price right now in the market.
The Live Price of Gold website tracks gold prices in Togo in real-time. It’s easy for both people and businesses to keep up with gold rates. Gold prices in Togo are shown for different purities like 24K, 22K, and 18K. Prices are also given in grams, ounces, kilograms, and tolas.
Key Takeaways
- The current gold price in Togo is CFA 1,642,921 per ounce, up from CFA 1,227,974 a year ago.
- The latest spot price for gold in Togo is CFA 1,642,921 per ounce, reflecting the immediate settlement value.
- The Live Price of Gold website provides real-time tracking of gold prices in Togo, including various purities and units.
- Gold prices in Togo are influenced by supply and demand dynamics, with continuous fluctuations throughout the trading day.
- Experts recommend allocating 5-10% of a portfolio to commodities like gold, with the flexibility to adjust based on individual risk tolerance.
Understanding Gold Prices in Togo’s Market
The Togo gold market changes a lot. Prices go up and down for many reasons. It’s important to know the latest news and trends for those who want to invest in gold in Togo.
Latest Market Updates and Trends
Right now, 24K gold in Togo costs 52,869.43 XOF per gram. The bid/ask spread is 51,812.04 / 53,926.82 XOF. This is a bit lower than last week, showing how prices can change quickly in the Togo gold market.
Factors Affecting Local Gold Rates
Many things affect the gold investment Togo market. These include:
- Global economic conditions: Changes in the world economy, like interest rates and inflation, can really impact gold prices in Togo.
- Currency exchange rates: How the CFA BCEAO Franc compares to other currencies, like the US Dollar, can also change gold prices in Togo.
- Geopolitical events: World events and political issues can also affect gold demand, which changes its price in the Togo gold market.
Market Trading Hours
The Togo gold market is open 24/7, 5 days a week. This means prices are always changing. It helps investors and those interested in gold in Togo to stay up-to-date and make smart choices anytime.
“The Togo gold market is a dynamic and constantly evolving landscape, with prices that reflect the complex interplay of global and local factors.”
Live Gold Rates in CFA BCEAO Francs
Gold rates in Togo are in CFA BCEAO Francs (XOF). This is the currency for West African countries in the West African Economic and Monetary Union. These rates show the current market and update often. They give you the latest prices.
| Gold Purity | Price (XOF/gram) |
|---|---|
| 24K | 52,869.43 |
| 22K | 48,463.65 |
| 21K | 46,260.75 |
| 18K | 39,652.07 |
| 14K | 30,928.62 |
| 10K | 22,046.55 |
Knowing the gold rates Togo and Togo bullion prices is key. It helps those in gold transactions, investments, or trade in the area. These prices in CFA BCEAO Francs show the Togolese gold market clearly and up-to-date.
“Staying informed on the latest Togo bullion prices is crucial for making informed decisions in the gold market.”
Price of Gold in Togo: Current Market Analysis
The gold price in Togo changes a lot. It’s affected by global and local market forces. Knowing about daily price changes, past trends, and what causes market ups and downs is key for those in the Togolese gold market.
Daily Price Fluctuations
Gold prices in Togo change a lot every day. This follows global trends. The highest price in Togo was CFA 1,709,578 per ounce on November 22, 2024.
These changes come from many things. Economic signs, world events, and currency rates affect gold demand and supply.
Historical Price Comparisons
Looking at gold prices in Togo over time shows interesting things. From March 1977 to June 2018, the average gold price was 0.000 XDR mn. There were 166 data points.
The highest gold price was 6.350 XDR mn in September 1980. The lowest was 0.000 XDR mn in June 2018.
Market Volatility Factors
The gold market in Togo is very volatile. Economic signs like inflation, interest rates, and GDP growth matter a lot. So do world events and trade issues.
Also, how the CFA BCEAO Franc changes against other currencies affects gold prices in Togo.
“Understanding the dynamics of the gold market in Togo is essential for making informed investment decisions and maintaining a competitive edge in the local economy.”
24K, 22K, and 18K Gold Prices
When you buy gold in Togo, the metal’s purity matters a lot. Here are the current gold prices in Togo:
- 24K gold is priced at 52,869.43 XOF per gram
- 22K gold is priced at 48,463.65 XOF per gram
- 18K gold is priced at 39,652.07 XOF per gram
These gold rates in Togo change often. They depend on the market and update all day. The difference between buying and selling prices is about 3.33%.
| Gold Purity | Price per Gram (XOF) | Price Range (XOF) | Price Change per Gram (XOF) |
|---|---|---|---|
| 24K Gold | 52,869.43 | High: 52,869.43 Low: 52,859.86 |
9.57 |
| 22K Gold | 48,463.65 | High: 48,463.65 Low: 48,454.87 |
8.78 |
| 18K Gold | 39,652.07 | High: 39,652.07 Low: 39,644.89 |
7.18 |
People who want to invest in Togo gold prices should watch these changes. This helps them make smart choices when buying or selling gold locally.
Gold Trading Mechanisms in Togo
The gold trading in Togo mixes old ways with new ones. Togo’s gold market is key to the country’s economy. It helps both local and global investors.
Spot Price Calculations
Gold spot prices in Togo change with supply and demand. These prices show gold’s value for quick deals. They look at world news, politics, and local markets to set the price.
Trading Platforms and Methods
- Physical Gold Transactions: Togo lets people buy and sell gold bars, coins, and jewelry. They do this through approved dealers and licensed traders.
- Digital Gold Trading: Online platforms in Togo also offer digital gold. They make trading easy and smooth.
Market Regulations
The Togolese government has strict rules for the gold trading market. These rules cover many areas, like:
- Licensing and Oversight: There are clear rules for who can trade gold and how.
- Price Transparency: Everyone must report prices clearly to avoid tricks.
- Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) Measures: Togo has strong plans to stop bad money moves in gold.
Togo wants a safe and growing gold trading scene. It aims to draw in both local and global investors.
Per Gram Gold Rates in Togo
The gold market in Togo changes a lot. Prices go up and down, affecting the local economy. If you make jewelry, invest, or just want to know about gold, knowing the prices is key.
Right now, 1 gram of 24K gold costs 52,869.43 West African CFA Francs (XOF). That’s about $85.24 USD, with today’s exchange rate. But, gold prices can change due to many things like market trends and demand.
| Gold Quantity | Price in XOF |
|---|---|
| 1 gram | 52,869.43 |
| 2 grams | 105,738.86 |
| 5 grams | 264,347.16 |
| 10 grams | 528,694.32 |
| 25 grams | 1,321,735.80 |
| 50 grams | 2,643,471.59 |
| 100 grams | 5,286,943.19 |
| 200 grams | 10,573,886.37 |
| 250 grams | 13,217,357.96 |
| 500 grams | 26,434,715.93 |
Gold prices in Togo change every day. They follow global trends and local demand. It’s smart to keep up with these changes when buying or investing in gold.
When you buy gold in Togo, you might pay extra. This extra cost is called making charges. It’s 10% to 25% of the gold’s value per gram. This extra money goes to the maker’s labor, skill, and other costs.
Gold Investment Options in Togo’s Market
Togo’s gold market has many ways to invest in gold. You can buy physical gold or use digital trading platforms. Each option has its own benefits for diversifying your portfolio.
Physical Gold Investment
Buying physical gold is a classic choice. Togo offers many types of gold products. This way, you can own real gold and feel secure about it.
Digital Gold Trading
Togo also has digital gold trading. This lets you invest in gold without having to keep it. It’s great for those who like quick and easy transactions.
Storage Solutions
If you choose physical gold, you’ll need a safe place to store it. Togo has many storage options. This keeps your gold safe and sound.
Experts say to put 5-10% of your money into gold. But, always think about your own risk level and goals. By looking at all the options, you can make your portfolio stronger and more stable.
| Investment Option | Key Characteristics | Advantages | Considerations |
|---|---|---|---|
| Physical Gold | Purchase of gold bars and coins | Tangible asset ownership, potential hedge against inflation | Storage and security requirements, potential transaction costs |
| Digital Gold Trading | Participation in gold markets through online platforms | Flexibility, liquidity, no physical possession required | Reliance on platform reliability, potential market volatility |
| Storage Solutions | Secure storage facilities for physical gold assets | Safekeeping of gold, reduced risk of loss or theft | Storage fees, accessibility of gold when needed |
Currency Exchange Impact on Gold Prices
The price of gold in Togo changes a lot because of currency exchange rates. The CFA BCEAO Franc, Togo’s currency, moves against big global currencies. This affects gold prices in the Togo gold market.
Right now, the exchange rates are: USD/XOF (US Dollar to CFA BCEAO Franc) at 620.25, EUR/XOF (Euro to CFA BCEAO Franc) at 656.14, and GBP/XOF (British Pound to CFA BCEAO Franc) at 789.93. Changes in these rates can really change gold prices in Togo. It’s key for investors and buyers to keep up with gold and currency news.
Recent data shows that currency changes can cause up to 30% of gold price swings in Togo. This shows how important it is to know about both the foreign exchange market and the local gold industry.
The ongoing gold price rallyhas made currency exchange rates even more important for Togo’s gold market. Global economic factors keep affecting gold’s value.
Gold Market Dynamics: Supply and Demand
Togo’s gold market is shaped by local and international factors. At home, the economy, government rules, and what people want affect gold supply and demand. Globally, gold prices, world events, and big gold producers’ output also matter a lot.
Local Market Influences
In Togo, many things affect the gold market. The country’s economy, inflation, and how much people can buy influence gold demand. Government rules on gold trade also play a big role.
International Market Effects
Global trends and events also shape Togo’s gold market. Changes in gold prices worldwide, due to currency rates and global economy, affect Togo. Investors and traders watch these changes to decide on Togo gold market actions.
| Market Factor | Impact on Togo Gold Prices |
|---|---|
| Global Economic Conditions | When the world economy is shaky, gold becomes more popular. This makes gold trading Togo prices go up. |
| Currency Fluctuations | If the local currency falls against big global currencies, gold prices in Togo go up. |
| Geopolitical Tensions | When world tensions rise, people turn to gold. This makes Togo gold market prices go up. |
| Supply Constraints | Problems in gold mining, like new rules or environmental issues, can cut global gold supply. This makes prices in Togo go up. |
Knowing how supply and demand work in the Togo gold market helps investors and traders. They can make better choices and deal with the changing gold trading world.
Buying and Selling Gold in Togo
When you want to buy gold or sell gold in Togo, think about a few things. The gold’s purity, weight, and market price are key. Gold dealers in Togo help with these transactions.
Remember, extra costs like commission and labor can change the price. These costs matter when you sell gold Togo or buy it. Knowing these costs helps you make smart choices.
To get the best deals, look up gold dealers Togo and compare prices. This way, you find the best rates and value for your gold.
“Staying informed about the local gold market in Togo is crucial when conducting gold transactions. Knowing the current rates and understanding the factors that affect them can help you make wise decisions and get the best deal.”
Whether buying or selling, choose trusted gold dealers Togo for fair prices. Being informed leads to a smooth gold transaction in Togo.
Global Factors Affecting Togo’s Gold Market
Togo’s gold market is very important to the country. It is affected by world economic signs and big events. These changes can make gold prices in Togo go up and down a lot.
Economic Indicators
Things like inflation, interest rates, and GDP growth matter a lot. When inflation is high or interest rates are low, people buy more gold. This makes gold prices go up.
But when the economy is stable and growing, gold prices might fall. This is because people start to look at other investments.
Geopolitical Influences
Big world events like wars, trade deals, and changes in big countries’ policies also matter. When there’s a lot of tension or uncertainty, gold becomes more popular. This makes gold prices go up.
But when things calm down and countries get along better, gold prices might drop. This is because people are less worried and look at other investments.