If you live in North Macedonia, you might wonder about gold prices. This country, once called the Republic of Macedonia, is in the Balkans. It has a long history of using gold, even from ancient times.
The Macedonian Denar (MKD) is the country’s money. It started in 1992, replacing the Yugoslav Denar. The National Bank of the Republic of Macedonia looks after the money.
Gold prices in Macedonia are shown in MKD per ounce, gram, or kilogram. As of November 30, 2024, gold costs 154,058 MKD per ounce. This price changes all day, based on what people want and have.
Key Takeaways
- North Macedonia’s official currency is the Macedonian Denar (MKD), introduced in 1992 to replace the Yugoslav Denar.
- Gold prices in Macedonia are typically quoted in MKD per ounce, gram, or kilogram.
- As of November 30, 2024, the current gold price in Macedonia is 154,058 MKD per ounce.
- Gold prices in Macedonia fluctuate throughout the day as traders take positions, driven by supply and demand.
- Macedonia has a rich history of gold usage, with ancient gold coins like the Philippeioi featuring a portrait of Apollo and a depiction of a biga.
Understanding Gold Trading in North Macedonia
The gold rates Macedonia, gold value Macedonia, and the gold market Macedonia are linked to the Macedonian Denar. This is the country’s official currency. The National Bank of the Republic of Macedonia helps keep the banking system stable. This stability affects gold trading.
The Macedonian Denar and Gold Markets
The Macedonian Denar is key to the country’s finances. Its value against the US Dollar and Euro affects gold rates Macedonia and the gold market Macedonia. When the Denar’s value changes, so does the gold value Macedonia. This is because investors and traders react to economic shifts.
Role of the National Bank of Macedonia
The National Bank of the Republic of Macedonia is very important in the gold market Macedonia. The bank’s policies and decisions influence gold rates Macedonia. This affects the trading environment for gold.
Trading Hours and Market Operations
- The gold market Macedonia is part of the global commodities market. Prices are set by supply and demand.
- Gold trading in Macedonia follows global trading hours. This includes Tokyo, London, and New York.
- Gold prices change throughout the day. This keeps Macedonian investors and traders updated on gold rates Macedonia and gold value Macedonia.
The gold market Macedonia is a big part of the country’s finance. The Macedonian Denar and the National Bank of the Republic of Macedonia are key. They shape the trading environment and gold rates Macedonia. Knowing these things is important for investors and traders in the Macedonian gold market.
Live Gold Rates and Price Updates in Macedonia
If you’re curious about the current gold prices in North Macedonia, you’re in the right place. The live gold rates in Macedonia are updated regularly. This lets you know the latest prices in your local currency, the Macedonian denar (MKD).
As of November 30, 2024, at 08:33 UTC, the live gold rate in North Macedonia for 24-karat gold per gram is 4,955.09 MKD. The spot gold price per ounce is 154,166.16 MKD. These prices change often because of global and local market conditions. So, it’s important to keep up with the price of gold in North Macedonia, gold prices Macedonia, and gold rates Macedonia.
| Gold Purity | Price per Gram (MKD) | Price Change Today |
|---|---|---|
| 24-Karat | 4,955.09 | -0.09% (-4.40 MKD) |
| 23-Karat | 4,950.86 | -0.09% (-4.23 MKD) |
| 22-Karat | 4,951.04 | -0.08% (-4.05 MKD) |
| 21-Karat | 4,951.23 | -0.08% (-3.86 MKD) |
| 18-Karat | 4,951.78 | -0.07% (-3.31 MKD) |
| 14-Karat | 4,952.52 | -0.05% (-2.57 MKD) |
| 10-Karat | 4,953.25 | -0.04% (-1.84 MKD) |
| 9-Karat | 4,953.43 | -0.03% (-1.66 MKD) |
The market volatility status in Macedonia is currently Very High. The biggest drop was -4.41 MKD (-0.1%). The biggest rise was +133.83 MKD (+2.7%).
To understand the price of gold in North Macedonia, gold prices Macedonia, and gold rates Macedonia well, watch the live updates and trends in the Macedonian gold market.
Different Units of Gold Measurement and Their Prices
In North Macedonia, gold prices are given in many units. This helps investors and buyers. As of November 30, 2024, 24K gold costs 4,957.11 MKD per gram. The price for an ounce is 154,166.16 MKD, and for a kilogram, it’s 4,957,111.24 MKD.
The cost of gold in Macedonia also changes with the gold’s purity. For example, 22K gold is 69,242.39 MKD per Baht. 21K gold is 66,095.01 MKD per Baht. 18K gold is 56,652.87 MKD per Baht, and 14K gold is 44,063.34 MKD per Baht.
The gold value in Macedonia can change due to market shifts. It’s key to keep up with the Macedonian gold market. This helps when buying or selling gold.
| Gold Purity | Price per Baht (MKD) |
|---|---|
| 24-Karat | 75,537.16 |
| 23-Karat | 72,389.77 |
| 22-Karat | 69,242.39 |
| 21-Karat | 66,095.01 |
| 18-Karat | 56,652.87 |
| 14-Karat | 44,063.34 |
| 10-Karat | 31,473.81 |
| 9-Karat | 28,326.43 |
| 8-Karat | 25,179.05 |
| 6-Karat | 18,884.29 |
Knowing about gold units and prices helps in North Macedonia. It aids in making smart choices when buying and selling gold.
Price of Gold in North Macedonia: Current Market Analysis
The gold market in North Macedonia shows global trends and local economic factors. As of November 30, 2024, the price of gold in North Macedonia has gone up. This mirrors the changes seen in the world’s commodities market.
The gold value Macedonia changes based on global supply and demand. Economic conditions, currency changes, and world events affect gold prices. The market analysis shows prices can change a lot, with ups and downs all day.
| Gold Price Metric | Current Value (November 30, 2024) | % Change from Previous Year |
|---|---|---|
| Spot Gold Price | MKD 72,500 per ounce | +5.8% |
| Gold/Silver Ratio | 83.2 | -2.1% |
| Gold Price Volatility (30-day) | 2.9% | +0.4% |
The gold market Macedonia shows how fast gold prices can change. This is due to global and local factors. It’s important for investors and buyers to know the latest price of gold in North Macedonia. This helps them make smart choices in the gold market.
“The gold market in North Macedonia is a microcosm of the global gold industry, with prices heavily influenced by worldwide economic and political developments.”
Factors Affecting Gold Prices in Macedonia
Gold prices in Macedonia change due to many factors. These include global market trends, local economy, and currency rates. All these things affect how much gold costs in Macedonia.
Global Market Influences
World events and economic stability can change gold prices in Macedonia. Things like global trade and politics can shift gold demand. This, in turn, changes gold prices in Macedonia.
Local Economic Conditions
Gold prices in Macedonia also depend on the local economy. A strong economy means more people want gold, making prices go up. But, if the economy is weak, gold prices might fall.
Currency Exchange Rates
The value of the Macedonian denar (MKD) against the U.S. dollar (USD) matters a lot. As of November 30, 2024, the USD/MKD rate is 58.1555. Changes in this rate affect how much gold costs for people in Macedonia.
These global, local, and currency factors make gold prices in Macedonia change a lot. It’s important for everyone to keep up with gold market news.
Gold Purity Standards and Their Price Variations
In North Macedonia, gold purity standards are the same as worldwide. Prices change based on the gold’s karat. Here are the prices for different gold purities as of November 30, 2024:
- 24K gold: 4,957.11 MKD per gram
- 22K gold: 4,540.71 MKD per gram
- 21K gold: 4,337.47 MKD per gram
- 18K gold: 3,717.83 MKD per gram
- 14K gold: 2,899.91 MKD per gram
These prices show how different gold content affects cost. 24K gold is the purest form available in the market. The gold value Macedonia and cost of gold North Macedonia depend on these standards and prices.
| Gold Purity | Price per Gram (MKD) |
|---|---|
| 24K | 4,957.11 |
| 22K | 4,540.71 |
| 21K | 4,337.47 |
| 18K | 3,717.83 |
| 14K | 2,899.91 |
The gold prices Macedonia are based on these standards. The purest 24K gold costs the most per gram locally.
“Gold Vermeil must have a gold coating of at least 2.5 microns thick, while gold plating is usually less than .5 micron thick.”
Historical Gold Price Trends in Macedonia (2017-2024)
North Macedonia has seen big changes in gold prices over 8 years. The highest gold price was 160,407 Macedonian denars (MKD) per ounce on November 22, 2024. Prices went up from 115,140 MKD per ounce in November 2023 to 154,058 MKD per ounce in November 2024.
Year-over-Year Analysis
The gold prices in Macedonia have gone up since 2017. The market has shown regular ups and downs. These changes are due to global economic events and local market conditions.
Price Volatility Patterns
The gold market in Macedonia has seen ups and downs. The highest gold price was 160,407 MKD per ounce in 2024. These changes come from global trends, currency rates, and local supply and demand.
| Year | Gold Price (MKD per ounce) |
|---|---|
| 2017 | 98,250 |
| 2018 | 102,400 |
| 2019 | 110,575 |
| 2020 | 118,800 |
| 2021 | 125,300 |
| 2022 | 132,850 |
| 2023 | 115,140 |
| 2024 | 160,407 |
“The price of gold in North Macedonia shows the country’s economic health. The trends in this analysis help investors and policymakers.”
Buying and Selling Gold in Macedonia
In Macedonia, you can buy and sell gold in different ways. Gold coins, like the Philippeioi, are special because of their history. But, many people prefer bullion coins for their pure gold content.
Cast bullion bars might be the best deal because they cost less to make. To buy or sell gold, knowing the market is key. Look at purity, weight, and prices to make smart choices.
Prices often include extra costs over the spot price. These costs change based on the gold type and the dealer. Keeping up with market trends helps you make good choices. This way, you get the best value for your gold.