Gold And Platinum Prices In South Africa

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Gold and platinum prices in south africa.

Today the platinum price in south africa is zar 420 84 per gram and zar 3 366 69 per 8 grams. Updated live worldwide gold prices gold rate gold price charts. In addition to live silver and platinum price and charts in more than 170 countries allover the world. On 05 09 2020 the platinum price was zar 420 84 per gram and zar 3 366 69 per 8 grams across south africa.

Check out these following long term charts on platinum prices versus gold prices in us dollar since the late 1800s. Gold charts gold fixes gold performance and ratios. Gold price quotes in ounce gram kilo pennyweight tola and tael in south african rand. You read that right in over 110 years.

10 02 20 5 05 am utc. 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. 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. More than two thirds of the yearly platinum production is produced by south africa.

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. Enter the amount of gold in grams and kilograms and select the carat. This is the gold price calculator in south africa in south african rand zar. Platinum charts in ounces grams kilograms.

Live 24h spot platinum price chart in zar south african rand. In comparison to gold the platinum price is dependent on the industrial demand and the mine production. 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. About 80 of platinum reserves underground are located in south africa.

The platinum price is strongly influenced by the mines in south africa. And throughout this post 1971 full fiat currency era. 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. Platinum price in south african in rand zar.

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