Gold Price Today in Colombia in Colombian Peso (COP)

Monday, 2 December 2024, 9:56 AM

11,610,872.27 Colombian Peso/Ounce
Live
2,634.30 U.S. Dollar/Ounce
Gold ounce price in Colombia is 11,610,872.27 Colombian Peso per ounce, Gold gram price is 373,339.94 Colombian Peso per gram karat 24, 342,228.28 Colombian Peso per gram karat 22, 326,672.45 Colombian Peso per gram karat 21, 280,004.96 Colombian Peso per gram karat 18.

Gold Price in Colombia in Colombian Peso

Gold Unit Colombian Peso U.S. Dollar
Gold Ounce 11,610,872.27 2,634.30
Gold Gram Karat 24k 373,339.94 84.70
Gold Gram Karat 22k 341,979.39 77.59
Gold Gram Karat 21k 326,672.45 74.12
Gold Gram Karat 18k 280,004.96 63.53
Gold Gram Karat 14k 218,403.87 49.55
Gold Gram Karat 12k 186,669.97 42.35
Gold Gram Karat 10k 155,682.76 35.32
Gold Gram Karat 9k 140,002.48 31.76
Gold Gram Karat 8k 124,322.20 28.21

Gold Karats Commonly Used in Colombia

In Colombia, the gold market boasts several popular karat standards, each with its unique appeal. The most commonly used is 18-karat gold, which consists of 75% pure gold and is favored for its balance between quality and durability. This karat level is immensely popular for jewelry, as it offers a rich color and retains its luster over time.

Following closely is 14-karat gold, comprising 58.3% pure gold. This option is also widely seen in Colombian jewelry, particularly in pieces that require enhanced strength and resistance to daily wear. It strikes a good balance between affordability and visual appeal, making it a preferred choice for many consumers.

Another notable karat is 10-karat gold, containing 41.7% pure gold. While less common, it is still utilized in some jewelry items, especially those aimed at more budget-conscious customers.

Finally, there is 24-karat gold, which is 100% pure gold. Although rare in everyday jewelry, it is cherished for investment pieces and traditional crafts, reflecting Colombia's rich gold heritage.

Gold Price Chart in Colombia

How Gold Price is Determined in Colombia

The price of gold in Colombia is influenced by a variety of factors, both domestic and international. One of the primary determinants is the global market price of gold, which fluctuates based on supply and demand dynamics across the world. Strong global demand for gold, driven by factors such as economic instability or increased interest in jewelry and investment, can push prices higher.

In addition, the exchange rate between the Colombian peso and the US dollar plays a critical role. Since gold is typically traded in US dollars, a stronger peso can make gold more affordable in local markets, while a weaker peso can drive prices up. Furthermore, mining operations in Colombia, particularly in regions like Antioquia, contribute to the local market. Costs associated with extraction and production, influenced by labor, environmental regulations, and operational efficiency, also affect gold prices.

Additionally, government policies, including taxes and export regulations, can impact the overall gold market in Colombia. Political stability and clarity in regulatory frameworks are vital for attracting foreign investment, which in turn influences local market dynamics.

Price of Gold Bullion in Colombia in Colombian Peso

  • The price of gold bullion 5 grams 24K in Colombia: 1,866,699.72 Colombian Peso
  • The price of gold bullion 10 grams 24K in Colombia: 3,733,399.44 Colombian Peso
  • The price of gold bullion 20 grams 24K in Colombia: 7,466,798.89 Colombian Peso
  • The price of gold bullion 50 grams 24K in Colombia: 18,666,997.22 Colombian Peso
  • The price of gold bullion 100 grams 24K in Colombia: 37,333,994.43 Colombian Peso
  • The price of gold bullion 250 grams 24K in Colombia: 93,334,986.08 Colombian Peso
  • The price of gold bullion 500 grams 24K in Colombia: 186,669,972.16 Colombian Peso
  • The price of gold bullion 1000 grams 24K in Colombia: 373,339,944.32 Colombian Peso

Predictions for Gold Prices in Colombia

The landscape for gold prices in Colombia is shaped by a variety of factors, including global market trends, inflation rates, and geopolitical stability. As of 2023, many analysts project a potential rise in gold prices due to increased demand amid economic uncertainties. The Colombian economy, heavily reliant on mining, is particularly sensitive to changes in gold prices, which can have significant implications for both the local economy and export revenues.

Inflationary pressures are expected to play a crucial role in driving up gold prices. As costs rise and currencies fluctuate, gold often serves as a safe haven for investors. This trend could lead to higher domestic prices as international demand increases. Additionally, any instability in neighboring countries may push investors toward secure assets like gold, further affecting its price in Colombia.

Furthermore, the Colombian government's policies regarding mining could either bolster or hinder gold production. Stricter regulations may limit supply, while favorable policies might enhance exploration and extraction efforts. Overall, the outlook for gold prices in Colombia remains cautiously optimistic, dependent on both local and global economic factors.

Gold price in Colombia in December 2024 in Colombian Peso

Date Gold Ounce Gold Gram Karat 24 Gold Gram Karat 22 Gold Gram Karat 21 Gold Gram Karat 18 Gold Gram Karat 14
1 December 2024 11,597,874.00 372,921.99 341,817.68 326,241.18 279,601.59 217,596.14
30 November 2024 11,584,167.38 372,481.27 341,413.72 325,855.62 279,271.15 217,338.98
29 November 2024 11,685,296.56 375,733.01 344,394.24 328,700.33 281,709.17 219,236.33
28 November 2024 11,604,341.51 373,129.95 342,008.30 326,423.11 279,757.51 217,717.48
27 November 2024 11,578,214.66 372,289.86 341,238.27 325,688.18 279,127.64 217,227.29
26 November 2024 11,614,561.03 373,458.55 342,309.49 326,710.58 280,003.88 217,909.21
25 November 2024 11,737,313.63 377,405.58 345,927.31 330,163.53 282,963.20 220,212.26
24 November 2024 11,904,465.22 382,780.23 350,853.68 334,865.41 286,992.89 223,348.32
23 November 2024 11,904,465.22 382,780.23 350,853.68 334,865.41 286,992.89 223,348.32
22 November 2024 11,869,130.60 381,644.07 349,812.28 333,871.47 286,141.05 222,685.38
21 November 2024 11,695,926.41 376,074.80 344,707.53 328,999.34 281,965.44 219,435.77
20 November 2024 11,572,329.82 372,100.64 341,064.83 325,522.64 278,985.77 217,116.88
19 November 2024 11,552,822.54 371,473.39 340,489.91 324,973.91 278,515.49 216,750.89
18 November 2024 11,653,563.37 374,712.65 343,458.99 327,807.69 280,944.15 218,640.96
17 November 2024 11,530,771.88 370,764.37 339,840.02 324,353.64 277,983.89 216,337.18
16 November 2024 11,440,885.50 367,874.13 337,190.85 321,825.19 275,816.91 214,650.76
15 November 2024 11,524,364.36 370,558.34 339,651.17 324,173.40 277,829.42 216,216.97
14 November 2024 11,189,333.26 359,785.64 329,776.99 314,749.18 269,752.49 209,931.21
13 November 2024 11,370,672.37 365,616.47 335,121.50 319,850.14 274,124.21 213,333.44
12 November 2024 11,361,876.27 365,333.64 334,862.25 319,602.71 273,912.16 213,168.41
11 November 2024 11,573,237.70 372,129.83 341,091.59 325,548.18 279,007.66 217,133.92
10 November 2024 11,617,195.72 373,543.27 342,387.14 326,784.69 280,067.40 217,958.64
9 November 2024 11,825,603.83 380,244.50 348,529.44 332,647.08 285,091.70 221,868.74
8 November 2024 11,839,165.55 380,680.56 348,929.13 333,028.57 285,418.65 222,123.18
7 November 2024 11,707,343.22 376,441.90 345,044.01 329,320.48 282,240.68 219,649.97
6 November 2024 12,107,293.31 389,302.04 356,831.52 340,570.84 291,882.67 227,153.72
5 November 2024 12,074,001.64 388,231.56 355,850.33 339,634.36 291,080.08 226,529.11
4 November 2024 12,114,793.88 389,543.21 357,052.58 340,781.83 292,063.50 227,294.44
3 November 2024 12,090,560.16 388,763.99 356,338.35 340,100.15 291,479.27 226,839.78
2 November 2024 12,133,273.90 390,137.42 357,597.23 341,301.66 292,509.01 227,641.16

Gold Making Charges in Colombia

In Colombia, gold making charges represent an essential aspect of the overall cost of gold jewelry and products. Typically, these charges are calculated as a percentage of the gram price of gold. On average, the making charges can range from 10% to 25% of the gram price of gold, depending on various factors such as the complexity of the design and the craftsmanship involved.

For instance, if the current price of gold per gram is around 3,000,000 Colombian Pesos (COP), then the gold making charges might amount to approximately 300,000 to 750,000 COP per gram. This means that for a piece of gold jewelry, customers should expect to pay not only for the gold content but also for the additional costs associated with manufacturing it.

Understanding these charges is crucial for consumers, as it affects the total price they will pay for gold items. Therefore, it is advisable to inquire about the making charges when purchasing gold to ensure transparency and fair pricing.