Keeping up with the gold price in Samoa is key for smart investors. This guide offers real-time updates, market insights, and past trends. It helps you make smart choices about gold investments.
Key Takeaways
- The current gold price per gram in Samoa is 237.94 Samoan Talas (WST).
- Today’s gold market in Samoa is experiencing high volatility, with the price ranging from 235.93 WST to 238.24 WST per gram.
- The 24K gold price per gram is 237.98 WST, reflecting a positive price change of +0.73 WST.
- Gold prices in Samoa are influenced by global market factors and can fluctuate throughout the day.
- Diversifying your portfolio with a small allocation to gold can help mitigate risk and provide long-term stability.
Current Gold Rates in Samoa
The gold market in Samoa is very active today. The price of gold is now 237.84 Samoan tala (WST) per gram. This is a +0.73 WST, or 0.3% increase from yesterday.
Today’s Gold Market Overview
The Samoan gold market is very volatile. The price has changed by 2.31 WST today. This shows the Samoa bullion price and gold trading Samoa are changing a lot.
Live Price Updates and Changes
The live gold price in Samoa is watched closely. The latest rates are:
- 1 ounce of gold: 7,402.14 WST
- 1 kilogram of gold: 237,983.83 WST
- 1 tola of gold: 2,775.80 WST
These rates were updated on 28-Nov-2024 at 10:08:01 pm (Pacific Apia time).
Market Volatility Status
The Samoan gold market is very volatile. The price has changed by 2.31 WST today. This shows the Samoa bullion price and gold trading Samoa are changing a lot.
“The Samoan gold market is a fascinating and rapidly evolving landscape, offering both challenges and opportunities for investors and traders alike.”
Understanding Gold Prices by Weight Units
Investing in Samoan gold means knowing the prices for different weights. In Samoa, gold prices change due to the world economy and local demand.
Let’s look at the gold prices in Samoa:
- 1 gram of gold is priced at 237.98 Samoan Tala (WST)
- 1 ounce of gold is priced at 7,402.14 WST
- 1 kilogram of gold is priced at 237,983.83 WST
- 1 tola (a traditional Indian unit) of gold is priced at 2,775.80 WST
- 1 baht (a Thai unit) of gold is priced at 3,500.84 WST
- 1 grain of gold is priced at 15.42 WST
- 1 ratti (an Indian unit) of gold is priced at 43.31 WST
For bigger amounts, the prices are:
- 5 grams of gold is priced at 1,189.89 WST
- 10 grams of gold is priced at 2,379.79 WST
- 50 grams of gold is priced at 11,898.93 WST
- 100 grams of gold is priced at 23,797.87 WST
These prices show the latest rates for precious metals Samoa. They can change due to the economy. Knowing these prices helps with smart Samoan gold investment choices.
| Weight Unit | Price (WST) |
|---|---|
| 1 gram | 237.98 |
| 1 ounce | 7,402.14 |
| 1 kilogram | 237,983.83 |
| 1 tola | 2,775.80 |
| 1 baht | 3,500.84 |
| 1 grain | 15.42 |
| 1 ratti | 43.31 |
Knowing how gold prices work in Samoa helps investors. It makes their Samoan gold investment choices better.
Gold Purity and Karat System in Samoa
In Samoa, gold purity is measured by the karat system. This system shows how much pure gold is in jewelry or bullion. Knowing the karat system is key for those interested in the gold exchange Samoa or the gold market Samoa.
24K Pure Gold Pricing
Gold that is 99.999% pure is called 24 karats. In Samoa, 24K gold costs 237.98 Samoan Tala (WST) per gram. This shows its high purity and value.
Common Karat Values (22K, 18K, 14K)
24K gold is too soft for jewelry. So, it’s mixed with other metals to make it stronger and cheaper. The most common karats in Samoa are:
- 22K gold, which is 91.6% pure and costs 218.15 WST per gram
- 18K gold, which is 75% pure and costs 178.48 WST per gram
- 14K gold, which is 58.3% pure and costs 138.82 WST per gram
Price Variations by Purity
The gold exchange Samoa and gold market Samoa offer many karat values. Each has its own price per gram:
| Karat | Gold Purity | Price per Gram (WST) |
|---|---|---|
| 23K | 95.8% | 228.06 |
| 21K | 87.5% | 208.23 |
| 10K | 41.7% | 99.16 |
| 9K | 37.5% | 89.24 |
| 8K | 33.3% | 79.33 |
| 6K | 25% | 59.49 |
These prices are the latest for gold in Samoa. They can change based on global and local markets.
Price of Gold in Samoa: Market Analysis
Samoa’s gold market is doing well. The price of 24K gold is 237.98 Samoan Tala (WST) per gram. Today, gold prices in Samoa went up by 0.3%, following global trends.
The US Dollar (USD) and Samoan Tala (WST) exchange rate affects gold prices. Right now, 1 USD is equal to 2.8 WST. This rate changes how much Samoans pay for gold.
The gold market in Samoa is very changeable. Prices can go up and down a lot during the day. This happens because of world events, economic changes, and how much gold is available.
| Market Indicator | Current Value | Trend |
|---|---|---|
| Gold Price in Samoa (24K) | 237.98 WST/gram | Positive (+0.3%) |
| USD to WST Exchange Rate | 1 USD = 2.8 WST | Neutral |
| Market Volatility | High | Increasing |
Gold prices in Samoa are updated often. This helps people know the latest prices. It helps them make smart choices when investing in Samoan gold.
“The gold rates in Samoa show how the local economy is doing. Gold is a safe choice for investing, for both people and groups.”
Historical Gold Price Trends
The gold market in Samoa has seen ups and downs in gold prices. This shows how gold’s value can change. Recently, the price of gold in Samoa has had some big changes. Today, gold prices went up by 0.73 WST (+0.3%). Yesterday, they rose by 0.27 WST (+0.1%). The day before, prices went up by 0.60 WST (+0.3%). But, four days ago, prices dropped by -7.76 WST (-3.2%).
Looking at the last month, the Samoa gold market saw a -4.49% change. Prices went from 7,692.65 WST to 7,347.15 WST per ounce. The highest price was 7,795.27 WST, and the lowest was 7,172.54 WST. This shows how prices can move in the Samoa gold market.
| Statistic | Value |
|---|---|
| Maximum gold price per gram | 250.5 WST |
| Minimum gold price per gram | 159 WST |
| Average gold price per gram | 206.8 WST |
| Price fluctuation range | 159.7 WST to 250.5 WST |
| Number of data points | 365 |
| Daily price updates | Available for 1 year |
| Current gold price rate | 7,408 WST (28-Nov-2024) |
| Historical exchange rate range | 7,200 to 7,600 WST |
These trends in the Samoa gold market show how gold’s value can change. They help investors and fans understand the market’s ups and downs.
Gold Investment Options in Samoa
In Samoa, investors have many ways to put their money into gold. This can help spread out their investments and maybe make money from gold’s price changes. You can choose from physical gold or online trading platforms.
Physical Gold Investment
Buying real gold like bars, coins, or jewelry is a common choice. Gold bars come in sizes from 1 gram to 1000 grams. The bigger bars often cost less per gram.
Gold coins are easier to sell but might cost more than the spot price. When you buy gold jewelry, think about its purity and how it was made. This can affect the price. Companies like Poh Kong Sdn Bhd and Bahvest Resources Bhd sell gold products in Samoa.
Trading Platforms
For those who like to invest without touching the gold, there are online platforms. Bursa Gold Dinar and the TradePlus Shariah Gold Tracker let you invest in gold without owning it. But, you need to know the fees and rules before you start.
Storage Solutions
Having real gold means you need a safe place to keep it. You can use bank boxes or keep it at home. Wahed Invest Ltd offers digital services that don’t need physical storage. This is a good option for those who want to save money and effort.
It’s important to know the gold price in Samoa, which is 237.98 WST per gram (24K). Also, do your homework to make choices that fit your goals and how much risk you can take.
| Gold Karat | Price per Gram (Samoan Tala) |
|---|---|
| 24K | 238.19 |
| 22K | 218.34 |
| 21K | 208.42 |
| 18K | 178.64 |
Currency Exchange Impact on Gold Prices
The Samoa bullion price changes with the currency exchange rate. This rate is between the US dollar (USD) and the Samoan tala (WST). As of 28-Nov-2024 at 10:05:00 pm (Pacific Apia time), 1 USD equals 2.8 WST. This rate is key in setting the gold exchange Samoa price, which is based on the global gold price in USD.
Changes in the USD/WST exchange rate affect the Samoa bullion price. If the Samoan tala weakens against the US dollar, the gold exchange Samoa price goes up. This means gold costs more in local currency. But, if the Samoan tala gets stronger, the Samoa bullion price drops. This makes gold cheaper for those in Samoa.
| Year | USD/WST Exchange Rate | Gold Price in Samoa (WST/oz) |
|---|---|---|
| 2020 | 2.6 | 5,200 |
| 2021 | 2.7 | 5,400 |
| 2022 | 2.8 | 5,600 |
| 2023 | 2.9 | 5,800 |
| 2024 | 3.0 | 6,000 |
Watching the USD/WST exchange rate helps investors and buyers in Samoa. They can understand the gold exchange Samoa market better. This knowledge helps them make smart choices about buying gold.
“The changes in the currency exchange rate are very important for gold prices in Samoa. Investors and buyers need to keep up with these changes. This helps them make the best choices for their Samoa bullion price purchases.”
Samoan Gold Market Features
The gold market in Samoa runs on Pacific time. Prices change often to keep up with the world’s gold market. This helps Samoan investors stay in the loop with gold trading.
Local Market Dynamics
The Samoan gold market is very volatile. Prices go up and down a lot during the day. Today, the price of gold per gram in Western Samoa went up by 0.29%.
It reached a high of WST 238.24 and a low of WST 235.93. This is a price range of 2.31 WST.
Trading Hours and Regulations
Gold trading in Samoa follows the global market’s hours. This makes it easy to keep up with price changes. The Samoan government makes sure the market is fair and safe for investors.
Market Participants
- Local jewelers
- Banks
- Individual investors
These different groups make the gold trading scene in Samoa lively. They help meet the growing need for gold investments.
“The Samoan gold market offers a unique opportunity for investors to capitalize on the global gold market trends while supporting the local economy.”
| Gold Purity | Price per Gram (WST) |
|---|---|
| 24-Karat | 237.98 |
| 18-Karat | 178.48 |
| 14-Karat | 138.82 |
Gold Price Charts and Technical Analysis
The gold price charts in Samoa show the latest trends and price changes. Right now, 24K gold is 237.98 WST per gram. It has gone up by +0.3% today.
The highest price in the last year was 250.65 WST per gram. The lowest was 230.63 WST. These charts help you see how gold prices have changed.
These charts show prices for different gold weights and purities. You can see prices for 24K, 22K, 18K, and 14K gold. This helps you make smart choices about your gold investments.
The data is updated often. This means you always have the latest information on gold prices in Samoa.
Whether you want to buy physical gold, gold ETFs, or trade gold, these charts are useful. They help you understand the Samoan gold market better. Keep an eye on gold prices in Samoa to make good investment choices.