If you’re looking for the current gold price in Algeria, you’ve come to the right place. LivePriceofGold.com gives you live, up-to-date rates for gold in Algeria. This includes purities like 24K, 22K, 21K, 18K, and 14K.
The current gold price per gram in Algeria is 11,389.33 Algerian Dinars (DZD). It has gone up by 0.38% (+42.80 DZD) from yesterday. This update is current as of 03-Dec-2024 at 08:16:02 am (Algiers time).
Key Takeaways
- The current gold price per gram in Algeria is 11,389.33 DZD.
- Today’s gold price has increased by 0.38% (+42.80 DZD).
- LivePriceofGold.com provides live rates for gold in Algeria across various purities.
- The market update time is 03-Dec-2024 at 08:16:02 am (Algiers time).
- The website offers global gold price tracking in different currencies, including USD, EUR, GBP, AUD, and CAD.
Current Gold Market Overview in Algeria
The Algerian gold market has seen some changes lately. The gold price per ounce is now DZD 354,298.30. This is a 0.39% increase from yesterday.
Prices have moved a bit, from DZD 354,298.30 to DZD 352,923.90. This shows a bit of market shake-up, which is common here.
Today’s Gold Price Updates
Gold prices in Algeria have changed for different karats:
- 24-Karat: DZD 354,298.30 (+DZD 1,374.41)
- 23-Karat: DZD 339,535.87 (+DZD 1,317.14)
- 22-Karat: DZD 324,773.44 (+DZD 1,259.87)
- 21-Karat: DZD 310,011.01 (+DZD 1,202.60)
- 18-Karat: DZD 265,723.72 (+DZD 1,030.80)
Daily Price Fluctuations
The Algerian gold market has seen price changes:
| Date | Price Change (DZD per ounce) |
|---|---|
| Today | +1,374.41 (+0.4%) |
| Yesterday | -614.10 (-0.2%) |
| 2 Days Ago | +882.97 (+0.3%) |
| 3 Days Ago | -1,129.71 (-0.3%) |
These changes show the Algerian gold market’s lively nature. Buying or selling gold here can be affected by many things. This includes global economic news and local market trends.
By watching Algeria bullion prices closely, investors and traders can make smart choices. This helps them take advantage of the Algerian gold market’s opportunities.
Understanding Gold Rates by Purity
Investing in gold in Algeria means knowing the price changes with purity. The Algeria gold investment market has many purities, each priced differently.
24-Karat gold is the most common in Algeria. It costs 11,389.29 Algerian Dinar (DZD) per gram. Its price has gone up by +42.78 DZD, making it popular among gold traders in Algeria and investors.
| Gold Purity | Price per Gram (DZD) |
|---|---|
| 24K | 11,389.29 |
| 23K | 10,914.73 |
| 22K | 10,440.18 |
| 21K | 9,965.63 |
| 18K | 8,541.97 |
| 14K | 6,643.75 |
| 10K | 4,745.54 |
| 9K | 4,270.98 |
| 8K | 3,796.43 |
| 6K | 2,847.32 |
Lower purity means lower price. For example, 23-Karat gold costs 10,914.73 DZD, and 18-Karat is 8,541.97 DZD. This lets investors and gold traders in Algeria pick the right purity for their goals and budget.
Knowing about gold purity and its effect on price is key for smart investing in Algeria. Keeping up with market trends helps you make the best Algeria gold investment choices.
Gold Price in Algeria: Live Market Analysis
The gold market in Algeria is always changing. It’s influenced by many things. Knowing about gold prices is key for investors and experts. We’ll look at what affects gold prices in Algeria, giving you a detailed analysis.
Factors Affecting Local Gold Prices
Gold prices in Algeria change due to many things. Some main factors include:
- Changes in the Algerian dinar (DZD) against the US dollar (USD) and Euro (EUR).
- Changes in global gold demand and supply. This is because of the economy, world tensions, and bank policies.
- The work of the Algerian gold exchange, which sets local prices.
- The cost of mining, refining, and moving gold in Algeria.
Currency Impact on Gold Rates
The value of the Algerian dinar (DZD) against the US dollar (USD) affects gold prices. If the DZD weakens, gold prices go up. This is important for investors to watch.
Market Trends and Patterns
Looking at live market data and past trends helps investors. They can see how seasons, long-term trends, and global events impact prices. The Gold Live! app offers real-time prices and tools for analysis.
| Metric | Value |
|---|---|
| Gold Price per Kilogram | ${formattedGoldPricesPerKilo} |
| Gold Price per Gram | ${goldPrices.pricePerGram} |
| Silver Price per Kilogram | ${formatPrice(silverPrices.pricePerKilo)} |
| Silver Price per Gram | ${(silverPrices.pricePerOzt * 0.0321507).toFixed(2)} |
| Gold Price Change Percentage | ${goldChangePercent} |
| Silver Price Change Percentage | ${formatPrice(silverChangePercent)} |
| Live Gold Ask Price | ${goldAskPriceLive} |
Staying up-to-date with the Algerian gold market helps investors. Whether you’re into physical gold, jewelry, or investments, this analysis is key. It helps you understand the changing Algerian gold market.
Gold Weight Units and Conversions
Knowing about different weight units is key when looking at the gold price in Algeria. Gold is measured in grams, ounces, and more. It’s important to know how to switch between them to buy gold wisely.
Let’s look at the main gold weight units and how to change them:
- 1 gram of gold equals 0.03215 Troy Ounces.
- 1 ounce of gold is the same as 31.10 grams.
- 1 tola of gold is 11.6638 grams.
- 1 pennyweight (dwt) is 1.5552 grams of gold.
- 1 grain (gr) is 0.0648 grams of gold.
- 1 pound (lb) is 453.5924 grams of gold.
- 1 baht is 15.2441 grams of gold.
These changes help when you’re in the Algeria gold market. For instance, gold in Algeria costs 11,389.29 DZD per gram. It’s 56,946.44 DZD for 5 grams, and 113,892.88 DZD for 10 grams.
| Gold Weight | Price in Algerian Dinars (DZD) |
|---|---|
| 1 gram | 11,389.29 |
| 5 grams | 56,946.44 |
| 10 grams | 113,892.88 |
| 20 grams | 227,785.76 |
| 50 grams | 569,464.40 |
| 100 grams | 1,138,928.81 |
| 1000 grams (1 kg) | 11,389,288.09 |
Knowing these conversions helps you make better choices when buying gold in Algeria. It lets you see prices in different weights more clearly.
Investment Options in Algerian Gold Market
The Algerian gold market offers many chances to invest. You can buy physical gold or try trading strategies. It’s key to know the rules and things to think about before you decide. Let’s look at the different ways to invest in Algerian gold.
Physical Gold Purchase Guidelines
Buying physical gold in Algeria is a smart move. To make sure it goes smoothly and safely, follow these tips:
- Work with trusted gold traders and dealers in Algeria to get real and pure gold.
- Learn about gold purity levels. They affect the price and your investment plan.
- Know the different weights like grams, ounces, or kilograms. This helps you compare and buy right.
- Find out the laws and rules for owning and keeping physical gold in Algeria. Follow them.
Gold Trading Strategies
There are also trading chances in the Algerian gold market. You can try these strategies:
- Short-term trading: Watch the daily price changes and market ups and downs to make quick profits.
- Long-term investment: Buy and hold gold to grow your wealth over time, based on its past performance in Algeria.
- Diversification: Add gold to your investment mix to reduce risk and keep things stable during uncertain times.
Storage and Security Considerations
When investing in physical gold in Algeria, keeping it safe and secure is key. Think about these points:
| Storage Option | Advantages | Considerations |
|---|---|---|
| Home Storage | Easy, cheap | There’s a risk of theft or loss |
| Bank Safe Deposit Box | Safe, insured | It costs money, and you might not get to it easily |
| Specialized Gold Storage Facilities | Very secure, controlled climate | It might cost more |
By knowing the investment choices, rules, and safety in the Algerian gold market, you can make smart choices. This helps you find opportunities that fit your financial goals and how much risk you’re okay with.
Historical Gold Price Performance
Looking at gold prices in Algeria shows us market trends. The prices have gone up and down. On one day, the price dropped by -423.52 Algerian dinar (-3.6%). But then, it went up by +241.02 Algerian dinar (+2.1%) and +237.17 Algerian dinar (+2.2%) on other days.
This change in gold price in Algeria helps investors. It gives them insights into the gold market. This way, you can make better choices for your gold investments.
It’s important to track gold prices, whether you’re new or experienced. This data helps you understand the market. It also lets you plan your gold investments better.