Gold And Platinum Prices 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. Enter the amount of gold in grams and kilograms and select the carat. Latest platinum prices in south african rands zar date time date time price unit change low high.

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Gold and platinum prices in south africa.

10 02 20 5 05 am utc. Gold silver and platinum price today in south africa south african rand. About 80 of platinum reserves underground are located in south africa. Platinum charts in ounces grams kilograms.

More than two thirds of the yearly platinum production is produced by south africa. You read that right in over 110 years. Even so the gold mining is still an important pillar of south african economy. 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.

Check out these following long term charts on platinum prices versus gold prices in us dollar since the late 1800s. 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. And throughout this post 1971 full fiat currency era. Gold charts gold fixes gold performance and ratios.

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. Live 24h spot platinum price chart in zar south african rand. International financial markets data with updates every minute. 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.

This is the gold price calculator in south africa in south african rand zar. In comparison to gold the platinum price is dependent on the industrial demand and the mine production. The platinum price is strongly influenced by the mines in south africa. Today the platinum price in south africa is zar 420 84 per gram and zar 3 366 69 per 8 grams.

Platinum has not been this cheap vs gold since 1907 ad. Platinum price in south african in rand zar. On 05 09 2020 the platinum price was zar 420 84 per gram and zar 3 366 69 per 8 grams across south africa. In addition to live silver and platinum price and charts in more than 170 countries allover the world.

Gold price quotes in ounce gram kilo pennyweight tola and tael in south african rand.

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