The table above shows the price of one gram of gold in local currency for each country, in 24K, 21K and 18K. The figures are the selling price, what a buyer pays for the gold itself, before any making charge or tax.
What the table shows
Each row is a country and each column a karat. The currency column tells you the unit the price is quoted in, so do not compare a number in one currency directly with a number in another. Remember that 24K is the purest gold, 21K is the most common in many markets of the region, and 18K is widely used for fine jewelry.
Local price versus international parity
Gold has a global price quoted per troy ounce (31.1035 grams) in US dollars. In theory you can turn it into a gram price in your currency: divide by 31.1035, multiply by the karat's purity, then by the exchange rate. That is the international parity price.
What you pay in a shop can differ, because jewelers price according to local supply and demand, import costs, duties and the exchange rate that actually applies in the market. For that reason, in Arab markets we use local shop rates where they are available, and the international price converted at the exchange rate for the other countries. To go deeper, read why gold prices differ between countries.
How to read the table properly
- Compare the same karat across countries, not two different karats.
- Convert currencies to one before comparing two countries.
- Remember the displayed price excludes making charge and tax, so price the piece you want in the gold calculator.
- Select a country's name to see its full karat table, including 22K and 14K, and buy and sell prices.
When are prices updated?
Prices refresh about every minute while you have the page open. They are indicative and can differ slightly from the board in the shop you deal with, especially in sharp market moves, so ask the jeweler for the price they will honor before agreeing a deal.