Thursday, 10 October 2024, 5:25 AM
Gold ounce price in Cape Verde is 263,148.83 Cape Verdean escudo per ounce, Gold gram price is 8,461.38 per gram karat 24, 7,756.26 Cape Verdean escudo per gram karat 22, 7,403.70 Cape Verdean escudo per gram karat 21, 6,346.03 Cape Verdean escudo per gram karat 18.
Gold Unit | Cape Verdean escudo | U.S. Dollar |
---|---|---|
Gold Ounce | 263,148.83 | 2,610.97 |
Gold Gram Karat 24k | 8,461.38 | 83.95 |
Gold Gram Karat 22k | 7,750.62 | 76.90 |
Gold Gram Karat 21k | 7,403.70 | 73.46 |
Gold Gram Karat 18k | 6,346.03 | 62.97 |
Gold Gram Karat 14k | 4,949.91 | 49.11 |
Gold Gram Karat 12k | 4,230.69 | 41.98 |
Gold Gram Karat 10k | 3,528.39 | 35.01 |
Gold Gram Karat 9k | 3,173.02 | 31.48 |
Gold Gram Karat 8k | 2,817.64 | 27.96 |
In Cape Verde, gold is commonly measured in karats, which indicate the purity of the metal. The most prevalent gold karat in the country is 18K. This gold contains 75% pure gold and 25% other metals, making it popular for its durability and vibrant color. Jewelry made from 18K gold is favored for daily wear and special occasions alike.
Following closely is 14K gold, which consists of 58.3% pure gold. This karat is also popular among locals due to its affordability and sturdiness, making it an excellent choice for jewelry that withstands everyday use without compromising too much on gold purity.
Another karat option is 22K, containing approximately 91.7% pure gold. While it is less common than the previous two, it is still sought after for high-quality pieces, especially for traditional and ceremonial jewelry.
The least common gold karat in Cape Verde is 10K, with only 41.7% pure gold. Typically used for more affordable items, 10K gold is not as favored among consumers looking for quality and aesthetic appeal.
The price of gold in Cape Verde, as in many other countries, is influenced by a variety of factors. Global Market Trends: The primary determinant of gold prices is the global market, influenced by supply and demand factors, investor sentiment, and economic indicators. When there is economic instability or inflation concerns, gold is often seen as a safe-haven asset, driving up its price.
Local Currency Exchange Rates: The valuation of Cape Verde's currency, the Cape Verdean escudo, against major currencies like the US dollar can also impact gold prices. A weaker escudo typically leads to higher local gold prices since gold is primarily traded in dollars.
Import Duties and Taxes: In Cape Verde, there are also specific import duties and taxes applicable to gold transactions, which can affect the final retail price of gold jewelry or investment pieces.
Market Availability: The availability of gold locally, sourced from both international markets and local suppliers, also plays a role in price determination. When demand increases, and local supply is limited, prices can spike.
In conclusion, the gold price in Cape Verde is a complex interplay of global influences, local economic conditions, and market dynamics.
The gold market in Cape Verde, like many regions around the world, is influenced by a variety of factors, including global economic stability, currency fluctuations, and local demand. As we look ahead, analysts predict that gold prices may experience volatility due to ongoing geopolitical tensions and shifts in economic policy by major economies.
One of the key indicators for future gold prices is the performance of the US dollar. A weaker dollar often leads to higher gold prices, as gold is priced in USD. Additionally, inflationary pressures could drive investors towards gold as a safe-haven asset. In Cape Verde, local demand for gold jewelry and investment may also play a significant role in price dynamics.
Furthermore, global interest rates will impact the attractiveness of gold. If interest rates remain low, gold may continue to be viewed as a favorable investment. However, if rates rise, the opportunity cost of holding gold increases, potentially putting downward pressure on prices.
In conclusion, while predicting the exact price of gold is challenging, it is clear that a combination of international economic factors and local market conditions will significantly influence gold prices in Cape Verde in the coming months.
Date | Gold Ounce | Gold Gram Karat 24 | Gold Gram Karat 22 | Gold Gram Karat 21 | Gold Gram Karat 18 | Gold Gram Karat 14 |
---|---|---|---|---|---|---|
9 October 2024 | 263,015.71 | 8,457.10 | 7,751.72 | 7,398.47 | 6,340.78 | 4,934.63 |
8 October 2024 | 265,632.27 | 8,541.23 | 7,828.83 | 7,472.08 | 6,403.86 | 4,983.72 |
7 October 2024 | 265,899.48 | 8,549.82 | 7,836.71 | 7,479.59 | 6,410.31 | 4,988.73 |
6 October 2024 | 266,315.66 | 8,563.20 | 7,848.97 | 7,491.30 | 6,420.34 | 4,996.54 |
5 October 2024 | 266,315.66 | 8,563.20 | 7,848.97 | 7,491.30 | 6,420.34 | 4,996.54 |
4 October 2024 | 266,464.80 | 8,568.00 | 7,853.37 | 7,495.49 | 6,423.93 | 4,999.34 |
3 October 2024 | 264,949.35 | 8,519.27 | 7,808.70 | 7,452.86 | 6,387.40 | 4,970.91 |
2 October 2024 | 264,317.24 | 8,498.95 | 7,790.07 | 7,435.08 | 6,372.16 | 4,959.05 |
1 October 2024 | 261,199.20 | 8,398.69 | 7,698.18 | 7,347.38 | 6,296.99 | 4,900.55 |
30 September 2024 | 262,521.80 | 8,441.22 | 7,737.16 | 7,384.58 | 6,328.88 | 4,925.36 |
29 September 2024 | 263,263.66 | 8,465.07 | 7,759.02 | 7,405.45 | 6,346.76 | 4,939.28 |
28 September 2024 | 263,263.66 | 8,465.07 | 7,759.02 | 7,405.45 | 6,346.76 | 4,939.28 |
27 September 2024 | 263,968.18 | 8,487.72 | 7,779.79 | 7,425.27 | 6,363.75 | 4,952.50 |
26 September 2024 | 263,317.55 | 8,466.80 | 7,760.61 | 7,406.96 | 6,348.06 | 4,940.29 |
25 September 2024 | 261,984.84 | 8,423.95 | 7,721.33 | 7,369.48 | 6,315.93 | 4,915.29 |
24 September 2024 | 261,963.59 | 8,423.27 | 7,720.71 | 7,368.88 | 6,315.42 | 4,914.89 |
23 September 2024 | 259,380.84 | 8,340.22 | 7,644.59 | 7,296.23 | 6,253.15 | 4,866.43 |
22 September 2024 | 258,944.62 | 8,326.19 | 7,631.73 | 7,283.96 | 6,242.64 | 4,858.25 |
21 September 2024 | 258,944.62 | 8,326.19 | 7,631.73 | 7,283.96 | 6,242.64 | 4,858.25 |
20 September 2024 | 255,947.67 | 8,229.83 | 7,543.40 | 7,199.65 | 6,170.39 | 4,802.02 |
19 September 2024 | 255,146.93 | 8,204.08 | 7,519.80 | 7,177.13 | 6,151.08 | 4,787.00 |
18 September 2024 | 254,093.07 | 8,170.20 | 7,488.74 | 7,147.48 | 6,125.68 | 4,767.22 |
17 September 2024 | 255,480.94 | 8,214.82 | 7,529.65 | 7,186.52 | 6,159.14 | 4,793.26 |
16 September 2024 | 256,929.97 | 8,261.41 | 7,572.35 | 7,227.28 | 6,194.07 | 4,820.45 |
15 September 2024 | 256,976.22 | 8,262.90 | 7,573.72 | 7,228.59 | 6,195.18 | 4,821.32 |
14 September 2024 | 258,204.14 | 8,302.38 | 7,609.91 | 7,263.13 | 6,224.79 | 4,844.36 |
13 September 2024 | 255,648.07 | 8,220.20 | 7,534.57 | 7,191.23 | 6,163.16 | 4,796.40 |
12 September 2024 | 252,340.05 | 8,113.83 | 7,437.08 | 7,098.17 | 6,083.42 | 4,734.33 |
11 September 2024 | 252,035.26 | 8,104.03 | 7,428.10 | 7,089.60 | 6,076.07 | 4,728.62 |
10 September 2024 | 249,901.51 | 8,035.42 | 7,365.21 | 7,029.58 | 6,024.63 | 4,688.58 |