If you live in Solomon Islands, you might want to watch the gold price closely. The gold price per gram in Solomon Islands is SBD 714.51 as of 30-Nov-2024 at 06:50:02 pm (Guadalcanal time). The market is very unstable, with prices changing up to 8.80 SBD today.
The highest gold price today was SBD 718.71. The lowest was SBD 709.91. The exchange rate between the US Dollar and Solomon Islands Dollar (SBD) is 1 USD to 8.38 SBD. This can affect the gold price in the country.
Key Takeaways
- The current gold price in Solomon Islands is SBD 714.51 per gram.
- The market is experiencing very high volatility, with price fluctuations up to 8.80 SBD today.
- The highest gold price observed today was SBD 718.71, while the lowest was SBD 709.91.
- The exchange rate between USD and SBD is 1 USD to 8.38 SBD.
- Staying informed about the latest gold price trends in Solomon Islands can help you make informed investment decisions.
Current Gold Market Overview in Solomon Islands
The gold market in Solomon Islands is very changeable. Today, gold is 22,224.23 SBD per ounce. This is the same as yesterday’s price.
But, the price has gone up to 22,354.80 SBD and down to 22,081.16 SBD today.
The exchange rate of 1 USD to 8.38 SBD affects gold prices here. This rate change can make gold more expensive for locals.
Today’s Gold Rate: SBD 22,224.23 per Ounce
Today, gold is 22,224.23 SBD per ounce. This is the same as yesterday. The price has moved a lot today, going up to 22,354.80 SBD and down to 22,081.16 SBD.
Market Volatility and Price Fluctuations
The gold market in Solomon Islands is very unstable. Prices change a lot during the day. This is because of world economic issues, politics, and supply and demand changes.
People who want to buy gold Solomon Islands need to watch these changes closely. This helps them make smart choices.
Latest Exchange Rate Impact
The exchange rate between the Solomon Islands dollar (SBD) and the US dollar (USD) affects gold prices here. The current rate of 1 USD to 8.38 SBD changes what people pay for gold locally. When this rate changes, gold prices can go up or down.
This affects both investors and those who want to buy gold Solomon Islands.
| Gold Purity | Price per Ounce (SBD) | Price Change |
|---|---|---|
| 24-Karat | 22,224.23 | +0.001 |
| 23-Karat | 21,298.22 | +0.001 |
| 22-Karat | 20,372.21 | +0.001 |
| 21-Karat | 19,446.20 | +0.001 |
| 18-Karat | 16,668.17 | +0.001 |
Understanding Gold Prices by Weight Units
Gold prices in Solomon Islands are shown in different weights. This helps investors and traders pick what works best for them. Let’s explore the gold prices in Solomon Islands by weight.
One ounce of gold costs 22,224.23 SBD in Solomon Islands. If you want more, one kilogram is 714,524.41 SBD. For smaller amounts, one tola is 8,334.08 SBD.
Other common weights include baht, grain, and ratti. A baht is 10,510.95 SBD. A grain is 46.30 SBD, and a ratti is 130.04 SBD.
These options let gold investors in Solomon Islands pick the right weight for their plans. Whether it’s a few grams or many kilograms, the market has what you need.
“Gold is a timeless store of value, and understanding the various weight units is crucial for savvy investors in the Solomon Islands market.”
Price of Gold in Solomon Islands: Comprehensive Analysis
The gold market in Solomon Islands is very interesting. Investors and traders watch the gold price closely. They look at the daily changes, past prices, and market signs to understand bullion prices in Solomon Islands.
Daily Price Movements and Trends
The gold price in Solomon Islands changes a lot. Prices can drop by 3.1% or rise by 1.9% in one day. This shows how the gold market in the country is always changing.
Historical Price Performance
Looking back, the gold price in Solomon Islands has seen big swings. Prices can change by up to 8.80 SBD in a day. This high change shows why it’s important to watch the market closely.
Market Indicators and Signals
Market signs give us clues about the gold market in Solomon Islands. These signs include things like how much is being traded, what people think, and global economic news. They help investors and traders make smart choices in the precious metals market.
| Metric | Value |
|---|---|
| Market Size of Solomon Islands Gold Mining Market in 2023 | $XXX million |
| Forecast of Solomon Islands Gold Mining Market in 2030 | $XXX million |
| Historical Data and Forecast of Solomon Islands Gold Mining Revenues & Volume from 2020 to 2030 | See Detailed Report |
| Australia spent on the Regional Assistance Mission to Solomon Islands (RAMSI) from 2003-2013 | $2.643 billion |
| Number of servicemen died during the RAMSI mission | 2 |
| Percentage of RAMSI cost attributed to the security pillar | 83% |
| Yearly decrease in logging’s contribution to the Solomon Islands’ economy | 8% |
| Years Australia rebuffed pleas to rescue Solomon Islands, during which 250 people were killed | 4 |
By knowing about daily changes, past prices, and market signs, investors and traders can make better choices. They can feel more confident in the gold market in Solomon Islands.
Gold Purity Standards and Pricing
In Solomon Islands, gold purity standards vary. They range from 24-karat to 6-karat. Each has its own value and charm.
The 24-karat gold is 99.999% pure. It costs 27,008.66 SBD per Tael. This gold is very pure and sought after.
Other common purities are 22-karat (654.97 SBD per gram), 18-karat (535.88 SBD per gram), and 14-karat (416.80 SBD per gram). Prices go up with higher karat gold.
The gold price Solomon Islands changes every day. Today, it went as high as 27,167.34 SBD per Tael. It also went as low as 26,834.79 SBD. The price changed by 332.50 SBD today.
Knowing about gold purity and prices is key in Solomon Islands. It helps you make smart choices when buying or investing in gold. This way, you get the most value for your money.
Gold Investment Options in Solomon Islands
The Solomon Islands has many gold investment choices. They are good for both new and experienced investors. You can diversify your portfolio or explore gold’s potential here.
Physical Gold Investment Opportunities
You can buy physical gold in different amounts. This ranges from 1 gram (SBD 714.51) to 1000 grams (SBD 714,508.85). This lets you choose based on your budget and goals.
Trading and Storage Solutions
The Solomon Islands also has trading and storage for gold. There are trusted platforms and safe places to keep your gold. This makes investing easy and safe.
Market Risks and Considerations
Gold can be a great addition to your investments. But, it’s key to know the risks. The gold market in the Solomon Islands can change a lot. This might affect your money.
Also, keeping your gold safe is very important. Investing in gold in Solomon Islands can help diversify your portfolio. Knowing the options and market can help you make smart choices.
“Gold has been historically proven as a stable investment choice, offering protection during times of uncertainty.”
Solomon Islands Gold Market Dynamics
The gold market in the Solomon Islands is shaped by global and local factors. It shows a lot of ups and downs, with prices changing a lot every day. Traders and investors need to watch these changes closely.
When trading gold in the Solomon Islands, knowing the hours and how often prices update is key. Prices can jump up and down fast. This is because of how gold prices and the Solomon Islands Dollar (SBD) to United States Dollar (USD) exchange rate are linked.
| Metric | Value |
|---|---|
| Total Imports in 2019 | $7.69 million |
| Total Exports in 2019 | $481.21 million |
| Percentage of Exports to “Regulated Markets” | $11.80 million (2.52%) |
The gold market Solomon Islands and gold trading Solomon Islands are always changing. Prices move often, and the USD to SBD exchange rate plays a big role. Investors and traders must keep a close eye on these changes. This way, they can make smart choices and take advantage of the market’s ups and downs.
“The Solomon Islands gold market is a constantly evolving landscape, where global economic forces and local market conditions converge to create a dynamic and challenging trading environment.”
Comparing Gold Rates Across Different Karats
In Solomon Islands, gold prices change with the karat purity. The higher the karat, the purer the gold. This means a higher price per gram. Let’s explore the gold rates for different karats in Solomon Islands.
Understanding Purity Percentages
Gold purity is measured in karats. 24 karats is 99.999% pure gold. Here’s how gold purity and prices in Solomon Islands compare:
- 24K gold (99.999% pure): 714.51 SBD per gram
- 22K gold (91.67% pure): 654.97 SBD per gram
- 18K gold (75% pure): 535.88 SBD per gram
- 14K gold (58.33% pure): 416.80 SBD per gram
- 10K gold (41.67% pure): 297.71 SBD per gram
- 6K gold (25% pure): 178.63 SBD per gram
The price of gold in Solomon Islands changes with the karat. 24K gold is the most expensive. 6K gold is the least expensive.
| Karat | Purity Percentage | Price per Gram (SBD) |
|---|---|---|
| 24K | 99.999% | 714.51 |
| 22K | 91.67% | 654.97 |
| 18K | 75% | 535.88 |
| 14K | 58.33% | 416.80 |
| 10K | 41.67% | 297.71 |
| 6K | 25% | 178.63 |
It’s important to know about gold karat and purity when purchasing gold jewelry in Solomon Islands. Knowing the prices for each karat helps you choose based on your budget and likes.
Global Factors Affecting Solomon Islands Gold Prices
When you look at the gold market in Solomon Islands, it’s key to know what affects prices. The gold price in Solomon Islands is linked to global trends, currency changes, and big world events.
The U.S. economy’s deficit and worries about global debt can push up gold demand. This is because people look for safe places to put their money. Also, how gold prices move with inflation can change the local gold market in Solomon Islands.
Knowing about these global factors helps you make better choices when buying or selling gold in Solomon Islands. Understanding how the big economic picture affects the gold price Solomon Islands and the precious metals Solomon Islands market can help you. This way, you can handle the ups and downs and find good chances in this changing field.