If you’re into investing or just curious about gold in Sudan, knowing the current prices is key. Right now, 24-karat gold costs 51,271.20 Sudanese pounds (SDG) per gram. This shows how fast the Sudanese gold market can change.
As of November 30, 2024, at 08:12 UTC, the gold price in Sudan has a small update. It’s gone up by 9.28 SDG. The current prices are 50,245.78 SDG for buying and 52,296.63 SDG for selling. This shows the market is quite active, with a “Very High” level of change.
In Sudan, you can buy different types of gold. These include 24-karat, 22-karat, 21-karat, 18-karat, 14-karat, 10-karat, 8-karat, and 6-karat. Each type has its own price. Knowing these prices is important for smart choices in the gold market.
Key Takeaways
- The current gold price in Sudan stands at 51,271.20 SDG per gram for 24-karat gold.
- Live gold price updates are available as of November 30, 2024, at 08:12 UTC, with a slight change of 9.28 SDG.
- The market shows a “Very High” volatility status, with bid/ask prices of 50,245.78 SDG and 52,296.63 SDG.
- Various gold purity grades, including 24-karat, 22-karat, 21-karat, and others, are traded in the Sudanese gold market.
- Understanding the pricing structure of different gold purity levels is crucial for informed investment decisions.
Current Gold Market Overview in Sudan
The gold market in Sudan is always changing. We get updates on live gold prices, market hours, and price changes. These help us understand the market’s current state.
Live Gold Price Updates
Gold prices in Sudan change all day. The price per gram is SDG 51,265.34. Prices for 24K gold go from SDG 50,935.34 to SDG 51,566.54 today.
The market is very volatile. This means we need to watch it closely and make smart choices.
Market Trading Hours
Gold trading in Sudan follows the global markets. It matches the hours of big cities like Tokyo, London, and New York. This helps Sudanese traders get real-time prices and make good choices.
Price Change Indicators
It’s important to track price changes in the gold market Sudan. Changes in the Sudanese Pound (SDG) against the US Dollar (USD) affect gold prices. The USD/SDG rate is 601.50 now.
Watching these indicators helps us understand gold trading Sudan and gold prices Khartoum.
By knowing about live gold prices, market hours, and price changes, gold traders in Sudan can make better choices. They can confidently move through the gold market Sudan.
Understanding Gold Purity Grades and Pricing
In Sudan, gold purity ranges from 24K to 6K. The higher the purity, the more valuable the gold. The price of gold in Sudan shows this, with 24K gold being the most expensive at 51,271.20 Sudanese Pounds (SDG) per gram.
Here’s a breakdown of the gold purity grades and their corresponding prices per gram in Sudan:
- 24K gold: 51,271.20 SDG per gram
- 22K gold: 46,998.60 SDG per gram
- 21K gold: 44,862.30 SDG per gram
- 18K gold: 38,453.40 SDG per gram
Lower purity grades, like 14K, 10K, 8K, and 6K, cost less. The price of gold in Sudan goes up with purity. 24K gold is the most expensive because it has the most gold.
| Gold Purity | Price per Gram (SDG) |
|---|---|
| 24K | 51,271.20 |
| 22K | 46,998.60 |
| 21K | 44,862.30 |
| 18K | 38,453.40 |
Knowing how gold purity affects price is key in the Sudanese gold market. This is important for investors, buyers, or anyone curious about the Sudanese gold industry. Learning about this helps you make smart choices when looking at Sudanese gold bars.
Gold Price in Sudan: Real-Time Market Analysis
The gold price in Sudan changes a lot. It shows how the global gold market moves. Sudan is a big gold producer in Africa. The gold price in Sudan affects the country’s economy a lot.
Price Fluctuations and Trends
Our analysis shows that gold prices in Sudan change a lot. These changes happen for many reasons, both inside and outside Sudan. The price of gold can go up and down a lot during the day.
It’s important to watch the live gold price updates in Sudan. This helps us understand the current market trends. Knowing these trends helps people make better choices about their gold price in Sudan deals.
Currency Exchange Impact
The gold price in Sudan is also affected by currency exchange rates. The exchange rate between the Sudanese pound (SDG) and other currencies like the US dollar (USD) matters a lot. Today, the USD/SDG exchange rate is 601.50, and the EUR/SDG rate is 636.31.
Changes in these exchange rates can really affect the gold price in Sudan. The global gold market uses US dollars. So, it’s key to watch these exchange rates to understand the value of Sudanese gold exports and make smart choices about gold.
Market Volatility Factors
The gold price in Sudan is also affected by many things. Local and global economic conditions, like inflation and political stability, play a big role. These factors make the Sudanese gold market very volatile.
Global economic trends and big events can also change the gold price in Sudan. It’s important to know about these factors. This helps us understand the risks and chances in Sudanese gold exports and gold investments.
“The gold market in Sudan is a complex and dynamic landscape, requiring diligent monitoring and analysis to navigate successfully.”
Gold Trading Units and Measurements
When trading gold in Sudan, you’ll see many units and measurements. The gram is common, with prices from 51,271.20 SDG for a 1-gram bar to 25,635,601.18 SDG for a 500-gram bar of 24-karat gold.
The ounce is also used a lot. In Sudan, 1 ounce of 24-karat gold costs 1,594,245.67 SDG. The tola, a traditional unit, is used too, with 1 tola of 24-karat gold priced at 597,908.77 SDG.
Gold is also traded in kilograms for bigger amounts. The price for 1 kilogram of 24-karat gold in Sudan changes based on the market.
“An estimated 95% of gold from East and Central Africa is smuggled to Dubai, UAE.”
Knowing these units and prices is key when dealing with the gold trading market in Sudan. Keeping up with the latest gold bar and gold trading trends helps you make better choices in this fast-changing market.
Sudan’s Gold Market Dynamics
Sudan’s gold industry is very important for its economy. It makes up more than half of its exports in 2022. Sudan is the 16th biggest gold producer in the world and the fourth in Africa.
Supply and Demand Factors
The gold in Sudan mostly comes from small mines. These mines produce 80-85% of Sudan’s gold. But, 50-80% of this gold goes to other countries, like the United Arab Emirates.
This means Sudan misses out on a lot of money. The amount of gold Sudan officially produces has changed a lot. It was highest in 2017 and lowest in December 2022.
People in Sudan and other countries want Sudan’s gold. In 2022, the biggest buyers were the United Arab Emirates, Italy, Egypt, and Turkey. The value of the Sudanese Pound changes a lot because of gold prices.
Market Participants
Many people are involved in Sudan’s gold market. This includes miners, traders, and investors. Most miners are small-scale and face big challenges.
They deal with dangerous chemicals and are sometimes forced to work by armed groups. Big companies like Perseus Mining from Australia also mine gold in Sudan. But, their work is affected by political issues and conflict.
Trading Regulations
The rules for trading gold in Sudan are complex. The Ministry of Mineral Resources gives out permits to companies. Recently, Sudan agreed with Russian and Australian companies to mine gold.
But, there are problems like smuggling and links to armed groups. This has led to more checks and efforts to make things clearer and fairer.
The gold market in Sudan is very important for its economy. How well the industry does affects the Sudanese Pound, prices, and the country’s stability.
Gold Investment Options in Sudan
If you’re thinking about gold investment in Sudan, you have many choices. The gold market in Sudan offers different ways to invest. You can buy physical gold or explore financial tools.
Buying physical gold is a popular choice in Sudan. You can get gold bars or coins. The price of gold per ounce in Sudan is 1,594,245.67 SDG. This price helps investors know what to expect.
Gold prices vary by weight. You can buy gold from 1 gram to 500 grams. This meets the needs of many investors.
| Gold Weight | Price (SDG) |
|---|---|
| 1 gram | 79,712.28 |
| 10 grams | 797,122.83 |
| 100 grams | 7,971,228.35 |
| 500 grams | 39,856,141.75 |
If you want to mix up your gold investments, consider gold ETFs and mining stocks. These can give you a broader view of the gold market. They might also offer better returns than just physical gold.
“As with any investment, it’s crucial to conduct thorough research, consult with financial advisors, and understand the risks and potential rewards before making any decisions about gold investment in Sudan.”
Looking into different gold investment options in Sudan can help you diversify. This way, you might profit from gold price changes. Always stay updated, get advice from experts, and choose investments that fit your financial plans and how much risk you can take.
Understanding Bid and Ask Spreads
In the gold market in Sudan, it’s key to know about bid and ask spreads. The bid price is the highest a buyer wants to pay. The ask price is the lowest a seller will accept. The gap between these prices is the spread, affecting gold trading in Sudan costs.
Dealer Margins and Premiums
Gold dealers in Sudan add their margins and premiums to the spread. These can change due to market conditions, demand, and costs.
Transaction Costs
There are more costs for gold traders in Sudan like labor and fees. These costs add up, affecting the price of gold.
Market Liquidity
The Sudanese gold market’s liquidity is very important. A liquid market has a tight spread, making trading easier. But, a less liquid market has wider spreads, leading to higher costs.
| Bid Price (SDG) | Ask Price (SDG) | Bid-Ask Spread (SDG) |
|---|---|---|
| 50,245.78 | 52,296.63 | 2,050.85 |
Knowing about bid-ask spreads, margins, costs, and liquidity helps gold traders in Sudan. They can make better choices in the gold market.
Historical Gold Price Trends in Sudan
The gold price in Sudan has changed a lot in recent years. The current gold price in Sudan is 1,604,617 Sudanese Pound as of 25-Nov-2024. This is a bit higher than the 1,593,884 SDG per ounce on 29th of November, 2024.
The highest gold price in the last 3 years was 1,674,675.4836 Sudanese Pound on 31-Oct-2024. The lowest price was 908,021.6781 Sudanese Pound on 15-Mar-2024. This shows how the Sudanese gold industry changes a lot. Investors need to watch the market closely.
| Date | Gold Price (SDG) |
|---|---|
| 24-Nov-2024 | 1,631,387.3024 |
| 21-Nov-2024 | 1,598,631.8952 |
| 15-Nov-2024 | 1,543,714.6706 |
The table shows the recent gold price changes in Sudan. It helps investors and industry people make smart choices. They can use this data to understand the gold price in Sudan better.
“The gold market in Sudan has been a source of both opportunity and challenge for investors and traders. The ability to track historical trends and monitor real-time prices is crucial for success in this dynamic industry.”
As the Sudanese gold industry grows, it’s key to keep up with the latest prices and market news. This is important for both individuals and businesses in this field.
Gold Trading Centers in Khartoum
Khartoum, Sudan’s capital, has big gold trading centers. These places are where local and international gold deals happen. Here, authorized dealers help people buy and sell gold at prices that match national trends.
Major Markets
The main gold markets in Khartoum are the Khartoum Gold Souk, Omdurman Gold Market, and Bahri Gold Market. These places are always busy. Traders and investors move gold around in these markets.
Authorized Dealers
Authorized dealers work in these big markets. They are licensed by the Sudanese government. They make sure gold prices Khartoum and gold trading Sudan are fair and honest.
Trading Hours
The gold markets in Khartoum open 24 hours a day, five days a week. This lets them keep up with global gold markets. It means gold prices Khartoum and gold trading Sudan always match the world’s market changes.
| Trading Center | Location | Operating Hours |
|---|---|---|
| Khartoum Gold Souk | Khartoum City Center | Sunday – Thursday, 8 AM – 6 PM |
| Omdurman Gold Market | Omdurman, West Khartoum | Sunday – Thursday, 7 AM – 5 PM |
| Bahri Gold Market | Bahri, North Khartoum | Sunday – Thursday, 9 AM – 7 PM |
These gold markets in Khartoum are key for gold prices Khartoum and gold trading Sudan. They are where most gold is bought and sold.
Impact of Global Markets on Sudan’s Gold Prices
If you trade gold in Sudan, you know prices change a lot. This is because of what happens in big cities like Tokyo, London, and New York. These places help set the gold prices in Sudan.
Things like the economy, money changes, and world events affect gold prices in Sudan. For example, how the Sudanese pound does against the US dollar can change what you pay for gold.
Also, Sudan’s gold sales are a big deal. They make up more than half of Sudan’s exports. But, there’s a big difference between what Sudan says it sells and what buyers report. This shows we need clear rules and honest reporting in the gold trade.