If you’re into investing or just curious about gold in Mauritania, knowing the latest prices is key. Right now, gold costs 30,273.64 Mauritanian Ouguiyas (MRO) per gram. This is as of November 28, 2024, at 07:58:02 am (Nouakchott time). It’s up by +0.08% or +23.90 MRO from yesterday.
The price of gold in Mauritania changes all day. Today, it hit a high of 30,298.88 MRO and a low of 30,081.04 MRO. The market is a bit shaky, showing it might swing a bit more soon.
Want to know gold’s value in other units? One gram of 24-Karat gold in Mauritania is 30,273.64 MRO. It’s up by +23.95 MRO. Gold’s price in Mauritania has swung from -988.96 MRO to +564.41 MRO per gram before.
Key Takeaways
- The current gold price per gram in Mauritania is 30,273.64 MRO.
- The price change today is +0.08% (+23.90 MRO).
- The highest price today is 30,298.88 MRO, and the lowest is 30,081.04 MRO.
- The market volatility status is medium.
- The price of 24-Karat gold is 30,273.64 MRO per gram, with a change of +23.95 MRO.
Current Gold Market Overview in Mauritania
Mauritania’s gold industry is very important for the country’s economy. Gold is a big part of its exports and GDP. The gold market in Mauritania is always changing, with prices going up and down.
The price of 14-karat gold in Mauritania is 17,652.52 Mauritanian Ouguiya (MRO) per gram. Today, the price went up by +0.04% (+6.90 MRO). The market’s ups and downs are quite noticeable, with prices reaching highs and lows.
| Gold Unit | Price in MRO |
|---|---|
| Ounce | 549,068.39 |
| Gram | 17,652.55 |
| Kilo | 17,652,933.15 |
| Tola | 205,900.65 |
| Baht | 259,681.90 |
| Grain | 1,143.89 |
| Ratti | 3,212.85 |
The price of 14-karat gold in Mauritania has changed a lot. It has gone from 17,547.27 MRO to 17,674.35 MRO in a month. Many things affect these changes, like the world economy and how much money changes hands.
The gold industry is very important for Mauritania’s economy. It helps a lot with the country’s GDP and exports. The industry is working hard to keep doing well, with a focus on being green and making smart choices.
Price of Gold Mauritania: Daily Market Analysis
The gold market in Mauritania is exciting for investors. It’s key to know about price changes and market trends. Gold has always meant wealth and stability in Mauritania. Knowing its daily price helps those interested in the gold market.
Today’s Gold Price Fluctuations
The gold price per ounce in Mauritania is MRO 941,258.61. This is a +0.04% increase from yesterday. This small rise shows the market’s constant change.
Market Performance Indicators
- The market’s volatility is “Medium,” meaning prices and activity are balanced.
- Price changes yesterday ranged from +365.83 to -30,760.82.
Price Change Percentages
Looking at price changes helps us understand the market better:
- Daily change: +0.04%
- Weekly change: +0.3%
- Monthly change: -3.2%
These numbers show short and long-term trends in the gold market. They help investors and market players.
Watching the gold price in Mauritania helps make smart choices. It opens up chances in this lively part of the Mauritanian economy.
Gold Rates by Weight Units in Mauritania
When you buy gold in Mauritania, knowing the prices by weight is key. The gold prices in Mauritania change with the world market. Here’s a look at the current rates for different weights:
| Weight Unit | Gold Price (MRO) |
|---|---|
| 1 Gram | 30,273.64 |
| 5 Grams | 151,368.22 |
| 10 Grams | 302,736.45 |
| 20 Grams | 605,472.90 |
| 50 Grams | 1,513,682.25 |
| 100 Grams | 3,027,364.49 |
| 1000 Grams | 30,273,644.91 |
| 1 Kilo | 30,274,174.77 |
Whether you want to buy Mauritanian gold prices in small amounts or big gold bullion Mauritania, this table shows the current prices. Knowing these prices helps you make smart choices when investing in gold in Mauritania.
Understanding Gold Purity Levels and Pricing
Gold investment in Mauritania needs you to know about purity levels and prices. Gold is measured in karats, showing how much pure gold is in it.
24K Gold Standard Rates
24K gold is 100% pure. In Mauritania, 24K gold costs 30,273.64 Mauritanian Ouguiya (MRO) per gram.
Common Karat Values (22K, 18K, 14K)
There are other karat values too. 22K gold is 27,750.84 MRO/g, 18K is 22,705.23 MRO/g, and 14K is 17,659.63 MRO/g.
Price Variations by Purity
Gold prices change with purity. For example, 21K gold is 26,489.44 MRO/g. 10K gold is 12,614.02 MRO/g, and 6K gold is 7,568.41 MRO/g.
| Karat | Gold Purity | Price (MRO/g) |
|---|---|---|
| 24K | 100% | 30,273.64 |
| 22K | 91.67% | 27,750.84 |
| 21K | 87.5% | 26,489.44 |
| 18K | 75% | 22,705.23 |
| 14K | 58.33% | 17,659.63 |
| 10K | 41.67% | 12,614.02 |
| 9K | 37.5% | 11,352.62 |
| 8K | 33.33% | 10,091.21 |
| 6K | 25% | 7,568.41 |
Knowing about gold purity and prices is key for gold investment in Mauritania. This knowledge helps you make smart choices when buying, selling, or investing in gold.
Gold Trading Hours and Market Operations
The gold trading in Mauritania happens in Africa Nouakchott time (GMT+00:00). Gold prices are updated every day at 07:58:02 am. This makes sure the Mauritanian gold market works with the world’s gold trading hours. It gives real-time prices to local traders and investors.
The gold market in Mauritania uses live data from global gold markets. Currency exchange rates are updated often. The last update was on 22-Dec-2021 at 12:05:00 pm (Africa Nouakchott time). This helps the Mauritanian gold market work smoothly with the world’s gold trading.
| Metric | Value |
|---|---|
| Gold Price Update Time | 07:58:02 am (Nouakchott time) |
| Trading Hours | Africa Nouakchott time (GMT+00:00) |
| Currency Exchange Rate Update | 22-Dec-2021 at 12:05:00 pm (Africa Nouakchott time) |
The Mauritanian gold market is very open. This means local traders and investors get the latest prices. They can make smart choices. Working with the global gold market helps the gold trading in Mauritania grow and stay strong.
Historical Gold Price Trends in Mauritania
Mauritania’s gold market has seen ups and downs. This shows how the global precious metals market changes. The country’s gold prices are affected by many things, like politics and the world economy.
Monthly Price Analysis
Looking at Mauritanian gold prices recently, we see highs and lows. On November 24, 2024, the price was 31,132.04 MRO per gram. Then, on November 25, it went down to 30,694.91 MRO. But, the trend is up, with a price of 30,292.10 MRO per gram on November 27.
Year-to-Date Performance
Looking at the year so far, Mauritanian gold prices show a bigger picture. The average gold price in the country over ten years is around XMR XXXX per gram. This has gone up by XX% in the last five years. This rise is due to political stability and good global economic conditions.
Market Pattern Recognition
The gold mining industry is key to Mauritania’s economy. It adds about X% to the GDP and employs over XXXX people. Gold exports are a big part of Mauritania’s exports, making up about XX% of its export income. Knowing these patterns helps investors and industry people a lot.
As the Mauritanian gold market grows, watching historical price trends is important. It helps with making investment choices and planning for the future. By keeping up with the data, you can make smart decisions about Mauritanian gold prices and gold investment Mauritania.
Bulk Gold Purchase Rates
Buying gold bullion in Mauritania can be smart. You get better rates when you buy more. This is great for big investments or adding to your Mauritanian gold reserves.
| Quantity | Price (in MRO) |
|---|---|
| 5 Kilos | 151,370,873.83 |
| 10 Kilos | 302,741,747.66 |
| 20 Kilos | 605,483,495.32 |
| 50 Kilos | 1,513,708,738.30 |
| 100 Kilos | 3,027,417,476.61 |
| 1000 Kilos | 30,274,174,766.06 |
The table shows buying more gold bullion lowers the cost per unit. For example, 100 kilos in Mauritania costs less than smaller amounts. This is good for investors wanting to grow their Mauritanian gold portfolio and save money.
Prices can change due to market and currency factors. But, these rates give a good idea of savings for big investments in Mauritanian gold.
“Investing in gold bullion through bulk purchases can be a strategic way to diversify your portfolio and capitalize on the stability of the Mauritanian gold market.”
Currency Exchange Impact on Gold Prices
The price of gold in Mauritania is linked to the exchange rate. This rate is between the Mauritanian Ouguiya (MRO) and the US dollar (USD). Changes in this rate can greatly affect the price of gold Mauritania and the Mauritanian gold market.
USD to MRO Conversion Effects
As of December 22, 2021, 1 USD equals 356.93 MRO. If the Ouguiya weakens against the dollar, gold prices in MRO go up. But, if the Ouguiya gets stronger, gold prices might drop.
International Market Influences
The global gold market trends also play a big role. Things like supply and demand, world events, and big economies’ health can affect the price of gold Mauritania. This, in turn, impacts the Mauritanian gold market.
| Indicator | 2022 | 2023 |
|---|---|---|
| GDP Growth | 6.4% | 4.1% |
| Trade Increase | N/A | 12.7% |
| GNI per Capita | $2,080 | N/A |
| Corruption Index Rank | 130/180 | N/A |
| Innovation Index Rank | 127/132 | N/A |
Knowing how currency exchange rates and global gold markets work helps. It helps investors and buyers in Mauritania make smart choices about gold investment strategies and buying gold.
“The price of gold in Mauritania is a delicate balance between local currency movements and international market forces, requiring savvy navigation by investors and consumers alike.”
Gold Investment Strategies in Mauritanian Market
In the Mauritanian gold market, you have many choices. You can buy physical gold like coins and bars. This way, you own something real you can keep safe.
But, you need to store it well and get insurance. Or, you might like gold-backed ETFs. They let you invest in gold without having to keep it.
Investing in gold mining stocks is another option. This way, you can help grow the gold industry in Mauritania. Companies like Kinross Gold Corporation are getting bigger there.
By investing in gold, you can protect your money from inflation and economic troubles. These are big issues today.
It’s important to watch the gold market and currency rates in Mauritania. The Mauritanian Ouguiya (MRO) can change how much your gold is worth. Knowing how the USD to MRO rate changes is key.
By keeping an eye on the market and adjusting your plan, you can do well in the Mauritanian gold market. You might find great chances to make money.