Gold Price Today in Afghanistan in Afghan afghani (AFN)

Tuesday, 15 October 2024, 3:25 PM

Gold ounce price in Afghanistan is 180,158.79 Afghan afghani per ounce, Gold gram price is 5,792.89 Afghan afghani per gram karat 24, 5,310.15 Afghan afghani per gram karat 22, 5,068.78 Afghan afghani per gram karat 21, 4,344.67 Afghan afghani per gram karat 18.

How Gold Price is Determined in Afghanistan

The price of gold in Afghanistan is influenced by several key factors that reflect both local and global dynamics. Firstly, gold prices are generally dictated by the international market, where prices are established based on supply and demand dynamics. The London Bullion Market serves as a primary reference point for gold pricing globally, and fluctuations there can directly impact prices in Afghanistan.

Additionally, local market conditions play a significant role. Afghanistan's gold prices can vary based on currency exchange rates, primarily between the Afghan Afghani and the US dollar. When the dollar strengthens, the local price of gold may increase proportionately. Moreover, regional instability and economic factors can lead to higher demand for gold as a safe-haven asset, further driving prices up.

Local demand, influenced by cultural significance and investment trends, also affects pricing. In times of economic uncertainty, more individuals may invest in gold, increasing its price. Lastly, external factors such as import taxes and tariffs on gold can also adjust the final price for consumers within Afghanistan, creating a local pricing structure that reflects both global and domestic influences.

Price of Gold Bullion in Afghanistan in Afghan afghani

• The price of gold bullion 5 grams 24K in Afghanistan: 28,964.44 Afghan afghani
• The price of gold bullion 10 grams 24K in Afghanistan: 57,928.87 Afghan afghani
• The price of gold bullion 20 grams 24K in Afghanistan: 115,857.74 Afghan afghani
• The price of gold bullion 50 grams 24K in Afghanistan: 289,644.36 Afghan afghani
• The price of gold bullion 100 grams 24K in Afghanistan: 579,288.72 Afghan afghani
• The price of gold bullion 250 grams 24K in Afghanistan: 1,448,221.80 Afghan afghani
• The price of gold bullion 500 grams 24K in Afghanistan: 2,896,443.59 Afghan afghani
• The price of gold bullion 1000 grams 24K in Afghanistan: 5,792,887.18 Afghan afghani

Predictions for Gold Prices in Afghanistan

The gold market in Afghanistan is influenced by various factors including geopolitical stability, economic conditions, and currency fluctuations. As of now, analysts predict that gold prices may rise in the coming months due to increasing global demand and local economic challenges. The ongoing conflicts and instability in the region contribute to uncertainties that often drive investors towards gold as a safe-haven asset.

Moreover, the depreciation of the Afghan currency against major currencies could lead to higher gold prices locally, making it essential for investors to monitor currency trends closely. The Afghan economy, which has been under pressure, may see individuals investing in gold to preserve their wealth. This trend is common during times of uncertainty as people seek to hedge against inflation and economic instability.

Additionally, global market dynamics play a crucial role, as any increases in international gold prices can directly impact local pricing. Overall, experts suggest that the combination of local and global factors may lead to a steady rise in gold prices in Afghanistan, making it a critical asset for both investors and the general populace aiming to secure their financial future.

Gold price in Afghanistan in October 2024 in Afghan afghani

Gold Making Charges in Afghanistan

The gold market in Afghanistan has its own unique dynamics, particularly regarding making charges. Gold making charges are typically expressed as a percentage of the gram price of gold. In Afghanistan, these charges can range from 7% to 15%, depending on the design complexity and the jeweler's reputation. This percentage can significantly affect the overall cost for consumers looking to purchase gold jewelry.

To illustrate this in absolute terms, if the price of gold per gram is approximately 4,500 Afghan Afghani (AFN), the making charges would amount to an approximate value of 315 to 675 AFN per gram. This translates to an added cost that consumers should consider when budgeting for gold jewelry purchases, as the final price can be considerably higher than just the raw gold price alone. Thus, understanding these charges is crucial for anyone looking to invest in gold in Afghanistan, as they contribute to the total expenditure and affect market behavior.