Gold And Platinum Prices In South Africa

Platinum has not been this cheap vs gold since 1907 ad.

Gold and platinum prices in south africa. Gold silver and platinum price today in south africa south african rand. You read that right in over 110 years. Gold price quotes in ounce gram kilo pennyweight tola and tael in south african rand. Latest platinum prices in south african rands zar date time date time price unit change low high.

Check out these following long term charts on platinum prices versus gold prices in us dollar since the late 1800s. 10 02 20 5 05 am utc. More than two thirds of the yearly platinum production is produced by south africa. And throughout this post 1971 full fiat currency era.

The platinum price is strongly influenced by the mines in south africa. Also optinally you can enter the gold price spread in percentage to calculate the bid and ask price of gold the default price spread is set at 5 percentage. South africa is the largest exporter of platinum in the world and has a 28 3 market share of a global annual export market worth 21 3 billion. International financial markets data with updates every minute.

About 80 of platinum reserves underground are located in south africa. Enter the amount of gold in grams and kilograms and select the carat. The highest and lowest platinum rate in last 7 days was zar 445 54 on 01 sep 2020 and zar 418 51 on 03 sep 2020 respectively in. Live 24h spot platinum price chart in zar south african rand.

Although the country still leads the way in terms of export volumes the world platinum council predicts volumes to decline with some mines closing or slowing production. Updated live worldwide gold prices gold rate gold price charts. This is the gold price calculator in south africa in south african rand zar. Platinum price in south african in rand zar.

South africa was once the world s largest gold producer however it has dropped to sixth place in recent years because of its mines age. Gold charts gold fixes gold performance and ratios. Today the platinum price in south africa is zar 420 84 per gram and zar 3 366 69 per 8 grams. In addition to live silver and platinum price and charts in more than 170 countries allover the world.

Even so the gold mining is still an important pillar of south african economy.