Gold Price Today in Albania in Albanian Lek (ALL)

Sunday, 10 November 2024, 2:41 PM

245,823.80 Albanian Lek/Ounce
Live
2,684.28 U.S. Dollar/Ounce
Gold ounce price in Albania is 245,823.80 Albanian Lek per ounce, Gold gram price is 7,904.30 Albanian Lek per gram karat 24, 7,245.61 Albanian Lek per gram karat 22, 6,916.26 Albanian Lek per gram karat 21, 5,928.23 Albanian Lek per gram karat 18.

Gold Price in Albania in Albanian Lek

Gold Unit Albanian Lek U.S. Dollar
Gold Ounce 245,823.80 2,684.28
Gold Gram Karat 24k 7,904.30 86.31
Gold Gram Karat 22k 7,240.34 79.06
Gold Gram Karat 21k 6,916.26 75.52
Gold Gram Karat 18k 5,928.23 64.73
Gold Gram Karat 14k 4,624.02 50.49
Gold Gram Karat 12k 3,952.15 43.16
Gold Gram Karat 10k 3,296.09 35.99
Gold Gram Karat 9k 2,964.11 32.37
Gold Gram Karat 8k 2,632.13 28.74

Common Gold Karats Used in Albania

In Albania, the most commonly used gold karats are 9k, 14k, and 18k. 9k gold is the lowest purity usually found in the market, containing 37.5% pure gold. It is popular for its affordability and durability, making it a good option for everyday jewelry.

14k gold is another widely favored choice, comprising 58.3% pure gold. This karat offers a balance between quality and price, making it suitable for items like rings and necklaces. Its lustrous appearance is appealing to many consumers.

Next is 18k gold, which contains 75% pure gold. This karat is esteemed for its higher gold content, giving it a richer color and more value. It is often preferred for special occasion jewelry and is associated with higher craftsmanship.

While 24k gold, which is 100% pure, is less commonly used for jewelry due to its softness, it is still available in the market, primarily in the form of investment products.

In summary, the typical gold karats you will encounter in Albania range from 9k to 18k, catering to various preferences and budgets.

Gold Price Chart in Albania

How Gold Price is Determined in Albania

The price of gold in Albania, like in many countries, is influenced by a combination of global market trends and local factors. International Gold Prices serve as a major reference point, as gold is traded on various global exchanges. The London Bullion Market is particularly significant, where the daily gold fixing rate affects prices worldwide. Local dealers and jewelers in Albania adjust their prices based on these international rates.

Aside from global influences, domestic demand and supply also play a critical role. In periods of economic uncertainty or inflation, demand for gold jewelry and investment products tends to increase, driving prices higher. Conversely, during stable economic conditions, demand might decrease, leading to lower prices.

Currency fluctuations can also affect gold prices in Albania. As gold is typically priced in USD, changes in the exchange rate between the Albanian Lek and the US Dollar can result in variations in local gold prices. Additionally, government regulations and import tariffs on gold can further influence pricing structures.

In summary, gold prices in Albania are a blend of international market rates, local economic conditions, currency values, and regulatory frameworks.

Price of Gold Bullion in Albania in Albanian Lek

  • The price of gold bullion 5 grams 24K in Albania: 39,521.51 Albanian Lek
  • The price of gold bullion 10 grams 24K in Albania: 79,043.02 Albanian Lek
  • The price of gold bullion 20 grams 24K in Albania: 158,086.05 Albanian Lek
  • The price of gold bullion 50 grams 24K in Albania: 395,215.12 Albanian Lek
  • The price of gold bullion 100 grams 24K in Albania: 790,430.24 Albanian Lek
  • The price of gold bullion 250 grams 24K in Albania: 1,976,075.60 Albanian Lek
  • The price of gold bullion 500 grams 24K in Albania: 3,952,151.19 Albanian Lek
  • The price of gold bullion 1000 grams 24K in Albania: 7,904,302.38 Albanian Lek

Predictions for Gold Prices in Albania

The gold market in Albania is currently facing various influences that could affect price predictions for the near future. Strong global economic trends, inflation rates, and changes in monetary policy will likely dictate gold prices in the country. Investment demand for gold has surged significantly as many investors consider it a safe-haven asset during periods of uncertainty. Furthermore, the Albanian government’s policies on mining and taxation can also play a significant role in shaping the gold market.

Analysts suggest that as long as global economic conditions remain volatile, gold prices may continue to rise. Factors such as geopolitical tensions, currency fluctuations, and rising energy prices may further contribute to this upward trend. Additionally, the increasing popularity of gold among Albanian consumers for jewelry and investment is anticipated to bolster local demand.

However, it is important to approach these predictions with caution, as unexpected events can lead to rapid changes in market dynamics. Investors in Albania should closely monitor global trends and local market conditions to make informed decisions regarding gold investments.

Gold price in Albania in November 2024 in Albanian Lek

Date Gold Ounce Gold Gram Karat 24 Gold Gram Karat 22 Gold Gram Karat 21 Gold Gram Karat 18 Gold Gram Karat 14
9 November 2024 244,396.87 7,858.42 7,202.97 6,874.74 5,891.92 4,585.31
8 November 2024 246,945.06 7,940.36 7,278.07 6,946.42 5,953.35 4,633.12
7 November 2024 242,970.49 7,812.56 7,160.93 6,834.61 5,857.53 4,558.55
6 November 2024 246,710.71 7,932.82 7,271.17 6,939.82 5,947.70 4,628.72
5 November 2024 246,810.68 7,936.03 7,274.11 6,942.64 5,950.11 4,630.59
4 November 2024 247,784.93 7,967.36 7,302.83 6,970.04 5,973.60 4,648.87
3 November 2024 247,289.27 7,951.42 7,288.22 6,956.10 5,961.65 4,639.57
2 November 2024 247,631.81 7,962.44 7,298.31 6,965.73 5,969.91 4,646.00
1 November 2024 248,863.11 8,002.03 7,334.60 7,000.37 5,999.59 4,669.10
31 October 2024 252,872.00 8,130.93 7,452.76 7,113.14 6,096.24 4,744.32
29 October 2024 251,012.68 8,071.15 7,397.96 7,060.83 6,051.41 4,709.43
28 October 2024 249,348.22 8,017.63 7,348.90 7,014.01 6,011.29 4,678.20
27 October 2024 250,567.60 8,056.84 7,384.84 7,048.32 6,040.68 4,701.08
26 October 2024 249,938.51 8,036.61 7,366.30 7,030.62 6,025.52 4,689.28
25 October 2024 249,063.49 8,008.47 7,340.51 7,006.01 6,004.42 4,672.86
24 October 2024 249,733.17 8,030.01 7,360.25 7,024.84 6,020.57 4,685.43
23 October 2024 248,016.94 7,974.82 7,309.67 6,976.57 5,979.19 4,653.23
18 October 2024 246,268.88 7,918.61 7,258.15 6,927.39 5,937.05 4,620.43
17 October 2024 246,065.98 7,912.09 7,252.17 6,921.69 5,932.16 4,616.62
16 October 2024 241,465.91 7,764.18 7,116.59 6,792.29 5,821.26 4,530.32
15 October 2024 238,968.56 7,683.88 7,042.99 6,722.04 5,761.06 4,483.46
14 October 2024 239,805.85 7,710.80 7,067.66 6,745.59 5,781.24 4,499.17
11 October 2024 239,568.21 7,703.16 7,060.66 6,738.91 5,775.51 4,494.71
12 October 2024 240,293.62 7,726.48 7,082.04 6,759.31 5,793.00 4,508.32
11 October 2024 238,776.46 7,677.70 7,037.33 6,716.64 5,756.42 4,479.86
10 October 2024 234,987.98 7,555.88 6,925.67 6,610.07 5,665.09 4,408.78
9 October 2024 235,602.35 7,575.64 6,943.78 6,627.35 5,679.90 4,420.31
8 October 2024 237,889.69 7,649.19 7,011.19 6,691.69 5,735.05 4,463.22
7 October 2024 238,205.02 7,659.33 7,020.48 6,700.56 5,742.65 4,469.14
6 October 2024 238,575.87 7,671.25 7,031.41 6,710.99 5,751.59 4,476.10

Gold Making Charges in Albania

In Albania, the gold making charges fluctuate based on various factors including market demand, craftsmanship, and the specific jeweler’s policies. Typically, these charges are expressed as a percentage of the gold's gram price. On average, the making charges can range from 5% to 15% of the current market value of the gold per gram.

As of late 2023, the market price for 24K gold is approximately 8500 ALL per gram. Considering the making charges, one can expect to pay an additional 425 ALL to 1275 ALL per gram for making costs. This results in a total price of 8925 ALL to 9775 ALL per gram when including the making charges.

It is essential for consumers to inquire about these charges upfront, as they vary between jewelers. Understanding these costs provides greater clarity on the final purchase price and ensures that buyers can make informed decisions when investing in gold jewelry in Albania.