Gold prices in South Africa

Gold price in South Africa in South African Rand(ZAR) per ounce and live gold prices charts


Gold price in South Africa in South African Rand(ZAR) per ounce is a free service provided by Gold Price OZ website, where shows current gold price(including bid price and ask price) and gold price history chart(London gold fixing price). Gold price in South Africa per ounce today is being updated once every 1 minutes.
Gold Price Per Ounce

=

13597.29 Rand

Bid Price: R13597.29

Ask Price: R13608.03

Day's Range: R13553.25 - R13800.29
Prices Updated: Sep 02, 2014 at 19:38 NY Time

Gold Price in South Africa per Ounce Charts

Gold Price Per Ounce 3 Months History

Gold Price Per Ounce in Rand

Ounce Rand Rand Ounce
1 Ounce = 13597.29 ZAR 1 ZAR= 7.0E-5 Ounce
2 Ounce = 27194.57 ZAR 2 ZAR= 0.00015 Ounce
5 Ounce = 67986.43 ZAR 5 ZAR= 0.00037 Ounce
10 Ounce = 135972.85 ZAR 10 ZAR= 0.00074 Ounce
20 Ounce = 271945.7 ZAR 20 ZAR= 0.00147 Ounce
25 Ounce = 339932.13 ZAR 25 ZAR= 0.00184 Ounce
50 Ounce = 679864.25 ZAR 50 ZAR= 0.00368 Ounce
100 Ounce = 1359728.51 ZAR 100 ZAR= 0.00735 Ounce
1000 Ounce = 13597285.08 ZAR 1000 ZAR= 0.07354 Ounce

South African gold market

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. Even so, the gold mining is still an important pillar of South African economy.

The South African Futures Exchange (SAFEX) is composed of a financial markets division (equity derivatives) and an Agricultural Markets Division (abbreviated AMD, agricultural derivatives). In September 1988, the South African Futures Exchange (SAFEX) and the SAFEX Clearing Company were established. In 2001, the SAFEX agreed to be acquired by JSE, but retained the SAFEX branding and created two divisions - SAFEX Financial Derivatives and SAFEX Agricultural Derivatives.

The JSE Limited (previously the JSE Securities Exchange and the Johannesburg Stock Exchange) is a sole full-service, largest stock exchange in African. It is located in Sandton, Johannesburg, South Africa. In 1887, the JSE was established as a stock exchange. In 1979 Krugerrands are officially listed. In 2001, the JSE acquired SAFEX, and became the leader in both equities and agricultural derivatives trading in the South African market. In April 2007, the JSE TradElect system (electronic trading) replaced the JSE SETS system. The JSE is planning to create a pan-African exchange by initially enabling investors to trade in shares from Zimbabwe, Ghana, Zambia and Namibia. Later, it intends to expand this across the rest of Africa.

Trading hours: 8:30 a.m. - 5:00 p.m. (South African Standard Time)

The Krugerrands

The Krugerrand is a South African gold coin. It was first minted in 1967 and produced by the South African Mint. Now, it is a popular coins among collectors. There are four Specifications for Krugerrands, 1 ounce, 1/2 ounce, 1/4 ounce and 1/10 ounce of pure gold. The specification represents the weight of gold, for example, 1 ounce Krugerrands including 31.103 grams gold, and the total weight is 33.930 grams. The fineness of Krugerrands is 22 Karat.