As of 28 November 2024, the gold price in Maldives is 1,310.61 Maldivian rufiyaa (MVR) per gram. This is for 24-karat gold. The market has seen a 0.05% change.
The bid price is 1,284.39 MVR, and the ask price is 1,376.14 MVR. Today’s high was 1,311.25 MVR, and the low was 1,301.83 MVR. This shows a price change of 9.40 MVR.
The market’s volatility is medium. This shows the Maldivian gold market is always changing.
Key Takeaways
- The current gold price per gram in Maldives is 1,310.43 MVR.
- Today’s change in gold price is +0.09%, which is an increase of 1.30 MVR.
- The market volatility status is medium, indicating moderate price fluctuations.
- Gold prices in Maldives are available for various units, including grams, ounces, kilograms, and tolas.
- Consumers should consider making charges when purchasing gold jewelry in Maldives, as they can range from 10% to 20% of the gold’s total gram price.
Current Gold Market Overview in Maldives
The gold market in the Maldives has seen some changes lately. The price of gold per ounce is now MVR 40,756.25. This is a +0.09% increase from yesterday.
Latest Price Updates and Market Trends
Today, gold prices in Maldives reached a high of MVR 40,785.53 and a low of MVR 40,492.29. This shows a swing of 293.20 MVR. The market’s volatility is seen as medium right now.
Key Factors Influencing Today’s Rates
Many things affect gold prices in Maldives. These include global economic news, currency rates, and local demand. The USD/MVR exchange rate is 15.4500, with a bid of 15.1410 and an ask of 15.7590.
| Gold Purity | Price per Ounce (MVR) |
|---|---|
| 24-Karat | 40,756.27 |
| 23-Karat | 39,058.09 |
| 22-Karat | 37,359.91 |
| 21-Karat | 35,661.74 |
The table shows gold prices in Maldivian Rufiyaa (MVR) for different karats. It gives a full view of the market.
“The Maldives gold market is dynamic, reflecting the global economic landscape and the unique currency exchange dynamics in the country.”
Understanding Gold Purity Standards in Maldives
In Maldives, gold purity is key to its value and price. Gold purity is measured in karats. The highest is 24K, which is 99.999% pure gold.
Other common purities are 22K, 21K, 18K, and 14K. Each has its own special mix and traits.
The purity of gold affects its price per gram. 24K gold is more expensive because it’s very refined and rare. On the other hand, 14K gold is cheaper but might have more copper and silver.
Hallmarking is very important for gold purity in Maldives. Authorized assay offices check and approve gold items. This gives buyers confidence in the gold’s quality and purity.
Knowing about gold purity is key for smart buying in Maldives. It helps when you’re looking at gold jewelry, bars, or coins. Knowing the karat content ensures you get the quality you want.
“The purity of gold is not only a reflection of its value, but also a testament to the craftsmanship and attention to detail in the Maldivian gold industry.”
Learning about gold purity in Maldives helps you understand the market better. It lets you make choices that fit your needs and budget.
Price of Gold Maldives: Live Market Analysis
In the Maldives, gold prices change often. This shows how fast the gold market moves. As a smart investor, you can keep up with these changes to make good choices about gold.
Real-time Price Fluctuations
The price of gold per gram in the Maldives is 1,310.43 MVR. Today, it hit a high of 1,311.25 MVR and a low of 1,301.83 MVR. This shows how the market can change a lot.
Daily High and Low Rates
Watching the daily highs and lows is key. Today, the Maldivian gold market’s price changed by 9.40 MVR. This means the market was pretty active.
Market Volatility Indicators
- The Kitco Gold Index (KGX) shows how the US dollar affects gold’s value. It helps us see global trends.
- The Gold Live! app has a 4.5-star rating. It gives live and past prices for gold, silver, and more.
- Kitco’s Gold Live! app won a gold medal in 2019. It’s known for reliable live gold price data.
| Metric | Value |
|---|---|
| Current Gold Price (Per Gram) | 1,310.43 MVR |
| Daily High | 1,311.25 MVR |
| Daily Low | 1,301.83 MVR |
| Price Fluctuation | 9.40 MVR |
| Volatility Level | Medium |
By watching live gold prices, highs and lows, and market signs, you can make smart choices. This helps you do well in the Maldivian gold market.
Gold Rates by Weight Units in Maldivian Rufiyaa
In Maldives, gold prices depend on the metal’s purity and weight. Knowing these rates is key for smart buying. Let’s look at gold prices in Maldivian rufiyaa (MVR) for different weights.
| Weight Unit | Gold Price (MVR) |
|---|---|
| 1 Gram | 1,310.43 |
| 1 Ounce | 40,759.74 |
| 1 Kilo | 1,310,454.29 |
| 1 Tola | 15,284.90 |
| 1 Baht | 19,277.32 |
| 1 Grain | 84.92 |
| 1 Ratti | 238.50 |
The gold price per gram Maldives is 1,310.43 MVR. The gold price per ounce Maldives is 40,759.74 MVR. These prices change with the market and can differ by dealer and location.
“Understanding the gold prices by weight unit is crucial for making informed purchases and investments in Maldives.”
Whether you want gold jewelry, coins, or bars, knowing the current rates is important. This helps you get the best deal. Watch the gold price changes to make the most of your gold buys in Maldives.
24K Gold Price Breakdown in Maldives
The gold market in Maldives is very interesting for investors. Knowing how much 24K gold costs is key. Right now, 24-Karat gold costs MVR 49,516.87 per Tael (37.7994 grams). This is a 0.1% increase from before.
Premium Grade Gold Investment Options
Looking for top-notch gold investments in Maldives? You can choose from gold bars and coins. These high-quality items help investors spread out their money and benefit from gold’s steady value.
Price Comparison Across Dealers
Even though 24K gold prices in Maldives are mostly the same, some dealers might charge a bit more or less. Today, gold prices ranged from MVR 49,209.47 to MVR 49,565.84. This shows the market is a bit shaky.
| Karat | Price per Tael (37.7994 g) | Price Change |
|---|---|---|
| 23K | MVR 47,453.67 | +MVR 30.18 |
| 22K | MVR 45,390.46 | +MVR 28.87 |
| 18K | MVR 37,137.65 | +MVR 23.62 |
| 10K | MVR 20,632.03 | +MVR 13.12 |
Looking at 24K gold prices in different ways helps us see the global gold market’s effect on Maldivian investors. Prices are shown in US dollars, UAE Dirham, and Singapore Dollar.
Gold Investment Opportunities in Maldives
Maldives has many gold investment choices for new and experienced investors. You can diversify your portfolio or find a stable investment. The gold market in Maldives is full of chances to explore.
Investing in gold in Maldives can be done through physical items like bars, coins, and jewelry. You can find gold in small amounts like 1 gram (1,310.43 MVR) or big pieces like 1000-gram (1,310,425.76 MVR). This suits investors with different budgets and goals.
Maldives also offers gold-backed financial products. These include derivatives, stocks of mining companies, and ETFs. These options let you invest in gold without owning it physically. They add flexibility and diversification to your portfolio.
Online brokers like Avatrade.com, Xm.com, Admirals.com, and Bdswiss.com make gold investment in Maldives easy. They often have low or no minimum deposit requirements. These platforms are easy to use, helping you to move through the market and make trades smoothly.
“Gold has historically maintained its value against inflation, making it a stable option for intertemporal savings.”
Whether you’re new to gold investment or have experience, Maldives offers a wide range of opportunities. With the right research, planning, and advice from experts, you can make the most of the Maldives gold market. This can help secure your financial future.
Understanding Gold Price Charts and Trends
Exploring gold price trends and history is key for smart investors in Maldives. Gold price charts show the recent changes in gold’s value. They help us see how the market moves.
Historical Price Analysis
In the last week, gold prices in Maldives have changed a lot. They went down by 3.2% and up by 1.9%. Looking at gold price history helps investors find long-term trends and patterns.
Price Prediction Indicators
Many things can change gold prices in Maldives. These include global economic news and currency strength. Also, local demand plays a big role. By watching these, investors can guess when gold prices might change.
| Time Period | Gold Price Fluctuation |
|---|---|
| Last 7 Days | -3.2% to +1.9% |
| Last 30 Days | -5.1% to +3.7% |
| Last 6 Months | -8.2% to +6.4% |
| Last 1 Year | -10.3% to +9.1% |
Knowing about gold price trends Maldives and gold price history Maldives helps investors make better choices. It helps them find chances in the Maldivian gold market.
“Understanding the nuances of gold price charts and trends is essential for any investor looking to navigate the Maldivian gold market successfully.”
Different Karats and Their Current Prices
When you buy gold in Maldives, knowing about karats is key. Karats show how pure gold is. The higher the karat, the purer the gold. Here are the current prices for gold in Maldives:
- 24K Gold: 1,310.43 MVR per gram
- 23K Gold: 1,255.82 MVR per gram
- 22K Gold: 1,201.22 MVR per gram
- 21K Gold: 1,146.62 MVR per gram
- 18K Gold: 982.82 MVR per gram
- 14K Gold: 764.42 MVR per gram
- 10K Gold: 546.01 MVR per gram
- 9K Gold: 491.41 MVR per gram
- 8K Gold: 436.81 MVR per gram
- 6K Gold: 327.61 MVR per gram
Higher karat gold costs more because it’s purer. Knowing about karats helps when you buy gold in Maldives. It’s important to understand how gold purity prices work.
| Karat | Gold Purity (%) | Price per Gram (MVR) |
|---|---|---|
| 24K | 99.9% | 1,310.43 |
| 23K | 95.8% | 1,255.82 |
| 22K | 91.7% | 1,201.22 |
| 21K | 87.5% | 1,146.62 |
| 18K | 75.0% | 982.82 |
| 14K | 58.3% | 764.42 |
| 10K | 41.7% | 546.01 |
| 9K | 37.5% | 491.41 |
| 8K | 33.3% | 436.81 |
| 6K | 25.0% | 327.61 |
Knowing about gold karats Maldives and gold purity prices Maldives helps you make smart choices. This is true when buying or selling gold in Maldives.
Buying and Selling Gold in Maldives
Buying or selling gold in Maldives needs careful thought. You must check the gold’s purity and weight. Also, knowing the current market rates is key.
Trusted Dealers and Locations
Finding a good gold dealer in Maldives is important. They usually work in special places or jewelry shops. Make sure the dealer is trustworthy to avoid problems.
- Choose dealers who are licensed and well-known in the gold market.
- Visit places like the Gold Souk in Malé for reliable sellers.
- Compare prices and services to find the best deal.
Transaction Tips and Guidelines
Here are some tips for gold transactions in Maldives:
- Know the current gold market rates in Maldives. These rates change due to global and local factors.
- Understand the difference between bid and ask prices. There’s usually a gap between them.
- For 24K gold, the bid price is about 1,284.39 MVR. The ask price is 1,376.14 MVR.
- Check the gold’s purity and weight before you buy.
- Watch out for extra fees like handling or processing costs.
By using these tips and choosing trusted dealers, you can have a smooth gold transaction in Maldives.
Gold Price Conversion and Currency Exchange
Gold prices in Maldives are in Maldivian Rufiyaa (MVR). Knowing how to change MVR to US Dollars (USD) is key. This helps with pricing and making smart investment choices. The exchange rate is 1 USD to 15.51 MVR, affecting gold prices.
To figure out gold prices in Maldives, you need to know the current market rates. The price conversion Maldives for gold changes with global markets and local demand. Keeping up with the MVR to USD gold price helps in making good gold deals in Maldives.
- 1 XAU (Gold Ounce) is equal to 40,633.08713927615 MVR
- 100 XAU equals 4,063,308.71392761468 MVR
- 5000 XAU converts to 203,165,435.69638073405 MVR
Remember, the rates between XAU and MVR change. Always use the latest rates for correct gold price conversion Maldives and MVR to USD gold price calculations. Knowing these rates helps in making better gold choices in Maldives.
“Staying up-to-date with the latest gold price and currency exchange rates is crucial for making informed decisions in the Maldivian gold market.”
Conversion Rates and Fluctuations
The XAU to MVR rate changes, from 0.00002461049 to 0.02461048545. The table shows values up to 100,000 MVR and their XAU equivalents.
In the last 30 days, the XAU to MVR rate dropped by -3.11%. The highest was 1.08M MVR, and the lowest was 981,015 MVR for 25 XAU. The price change was 2.44%.
In the last 24 hours, the rate ranged from 1.02M MVR to 1.01M MVR. The average was 1.02M MVR, with a 0.30% volatility and a -0.36% change.
Market Factors Affecting Maldivian Gold Rates
Investors and those interested in the Maldivian gold market need to know what affects gold prices. The complex web of economic factors in the Maldives greatly influences gold prices.
The strength of the Maldivian Rufiyaa (MVR) against the US Dollar (USD) is key. The current rate is 15.4500 MVR per USD. This rate change can greatly affect gold prices, as the global market uses US dollars.
Global economic news and big events can also change Maldivian gold prices. Things like rising oil prices and the Russia-Ukraine conflict can make gold prices go up and down. The government’s debt in US dollars also adds to the complexity of gold pricing.