Precious metals
Gold Price in South Africa
Live gold price per gram and per ounce, by karat, in ZAR.
2,231.10 ZAR
per ounce: 69,395.08 ZAR · per tola: 26,023.15 ZAR
| Karat | Per gram | Per ounce |
|---|---|---|
| 24K | 2,231.10 ZAR | 69,395.08 ZAR |
| 22K | 2,045.18 ZAR | 63,612.16 ZAR |
| 21K | 1,952.22 ZAR | 60,720.70 ZAR |
| 18K | 1,673.33 ZAR | 52,046.31 ZAR |
Raw metal (spot) value — shops pay less when buying and charge more when selling (premium + making charges).
Typical making charges: souk ~6–10%, branded jewellery ~15–25%. Rough estimate — negotiate!
Silver: 32.41 ZAR / gram
Spot prices via gold-api.com, updated 2026-10-11 — for information only, not financial advice, and not our responsibility for any decisions made using them. Jewellers add a premium and making charges over spot, so retail prices are higher.
Gold price in South Africa, explained
Gold trades globally in US dollars per troy ounce. To show the price in ZAR, we convert at the live exchange rate and divide by 31.1035 grams, then adjust for karat purity. That is why the local price moves with both the gold market and the ZAR exchange rate.
Need the price in another currency? Use our currency converter.
Gold in South Africa: the local market
South Africa minted the world's first modern bullion coin — the 22K Krugerrand (1967) — still the country's flagship gold product and among the most-traded coins on earth.
Domestic jewelry is unusually often 9K, a local affordability standard, while investment demand runs through Krugerrands and Rand Refinery bars.
Local units & today’s value in ZAR
| Unit | 24K | 22K (local standard) |
|---|---|---|
| 1 gram | 2,231 ZAR | 2,045 ZAR |
| 1 troy ounce(31.1035 g) | 69,395 ZAR | 63,612 ZAR |
Spot value only — local shops add making charges and any taxes. Prices as of 2026-10-11.
How a South African dealer quote is built
South African dealers quote Krugerrands at a premium over the rand spot price, with the Rand Refinery's daily price as the reference; fractional Krugerrands carry higher premiums than the one-ounce coin. Krugerrands are exempt from VAT as legal tender, while jewellery — often 9K — carries 15% VAT.
Selling gold in South Africa
Coin dealers and the Rand Refinery's partners buy Krugerrands back at a small discount to spot; jewellery goes to refiners at melt value. Gains on Krugerrands held as an investment are subject to capital gains tax, and the rand's volatility means rand gains can be large even when the dollar price is flat.
Zakat nisab in ZAR today
The gold nisab — the minimum wealth at which zakat becomes due — is 85 grams of pure gold. At today’s spot price that is about 189,644 ZAR. If your zakatable wealth is above this, work out what you owe with our zakat calculator (live nisab, gold or silver method).
Gold price in other countries
Frequently asked questions
What is the gold price per gram in South Africa today?+
This page shows the live 24K gold price per gram in ZAR, along with 22K, 21K and 18K. It is the international spot price converted to ZAR and divided per gram, updated hourly.
Why is the jeweller's price in South Africa higher than this?+
This is the raw metal (spot) value. Shops add a premium plus making charges, and local taxes may apply, so the retail price is higher than spot.
Which karat is most common in South Africa?+
22K (91.7% pure) is the karat most commonly traded in South Africa. 24K is pure gold; lower karats mix in alloy and cost proportionally less per gram. Note: Krugerrands are the standard local investment vehicle.