Gold Price Today in Cambodia in Cambodian riel (KHR)

Friday, 11 October 2024, 3:25 PM

Gold ounce price in Cambodia is 10,783,129.97 Cambodian riel per ounce, Gold gram price is 346,724.44 Cambodian riel per gram karat 24, 317,830.73 Cambodian riel per gram karat 22, 303,383.88 Cambodian riel per gram karat 21, 260,043.33 Cambodian riel per gram karat 18.

How Gold Price is Determined in Cambodia

The price of gold in Cambodia is influenced by various factors, reflecting both local and global market dynamics. One of the primary determinants is the international gold price, which fluctuates based on global demand and supply conditions, investor behavior, and geopolitical factors. As gold is traded in US dollars, any changes in the strength of the dollar will also affect gold prices locally.

Additionally, local economic conditions play a crucial role in shaping gold prices in Cambodia. Factors such as inflation, interest rates, and currency stability can impact investor sentiment and, consequently, gold demand. When the economy is unstable, many Cambodians turn to gold as a safe-haven asset, driving up its price.

The Cambodian market for gold also features local jewelers and traders who set prices based on both the prevailing international rates and their own operational costs. This localized approach can result in variations in gold prices across different regions. Furthermore, government regulations and taxes can also have an impact on the price at which gold is sold to consumers.

Price of Gold Bullion in Cambodia in Cambodian riel

• The price of gold bullion 5 grams 24K in Cambodia: 1,733,622.18 Cambodian riel
• The price of gold bullion 10 grams 24K in Cambodia: 3,467,244.36 Cambodian riel
• The price of gold bullion 20 grams 24K in Cambodia: 6,934,488.73 Cambodian riel
• The price of gold bullion 50 grams 24K in Cambodia: 17,336,221.82 Cambodian riel
• The price of gold bullion 100 grams 24K in Cambodia: 34,672,443.64 Cambodian riel
• The price of gold bullion 250 grams 24K in Cambodia: 86,681,109.11 Cambodian riel
• The price of gold bullion 500 grams 24K in Cambodia: 173,362,218.22 Cambodian riel
• The price of gold bullion 1000 grams 24K in Cambodia: 346,724,436.45 Cambodian riel

Predictions for Gold Prices in Cambodia

The Cambodian gold market has been experiencing fluctuations influenced by various global and local factors. Analysts predict that gold prices will continue to be volatile in the upcoming months. The primary drivers of these predictions include changes in global economic conditions, inflation rates, and currency strength.

Global uncertainties, such as geopolitical tensions and economic slowdowns, typically lead to increased demand for gold as a safe-haven asset. In contrast, improving economic indicators can reduce this demand, potentially leading to a drop in prices. Furthermore, the strength of the US dollar plays a crucial role, as a stronger dollar often leads to lower gold prices due to its inverse relationship.

In Cambodia specifically, local demand for gold remains high, particularly in traditional ceremonies and as an investment vehicle. This sustained demand may help cushion the impact of global price fluctuations. As Cambodia continues to develop its economy, the local gold market could see increased participation from both investors and consumers, further influencing prices.

Overall, while predictions remain uncertain, gold is likely to remain a key component of Cambodia's financial landscape.

Gold price in Cambodia in October 2024 in Cambodian riel