Gold Price Today in Eritrea

Sunday, 2 August 2026, 10:48 PM

Live

60,976.20 Nakfa/Ounce

1,960.65 Nakfa/Gram 24K

1,795.95 Nakfa/Gram 22K

1,470.49 Nakfa/Gram 18K

Gold ounce price in Eritrea is 60,976.20 Nakfa per ounce, Gold gram price is 1,960.65 Nakfa per gram karat 24, 1,797.26 Nakfa per gram karat 22, 1,715.57 Nakfa per gram karat 21, 1,470.49 Nakfa per gram karat 18.

Today, gold price decreased by -225.30 Nakfa per Ounce (-0.37%) compared to yesterday. In the past year, gold rose by 20.73%. Over five years, gold more than doubled (+124.3%). Over the decade, gold grew by 196.8%.

💬 Market Interpretation

gold shows a bullish momentum overall, trading at 60,976.20 Nakfa per Ounce.
Safe-haven demand and inflation hedging continue to support higher prices.

Gold Price in Eritrea in Nakfa

Gold Unit	Nakfa	U.S. Dollar
Gold Ounce	60,976.20	4,065.08
Gold Gram Karat 24K	1,960.65	130.71
Gold Gram Karat 23K	1,892.03	126.14
Gold Gram Karat 22K	1,795.95	119.73
Gold Gram Karat 21K	1,715.57	114.37
Gold Gram Karat 18K	1,470.49	98.03
Gold Gram Karat 14K	1,146.98	76.47
Gold Gram Karat 12K	980.32	65.35
Gold Gram Karat 10K	817.59	54.51
Gold Gram Karat 9K	735.24	49.02
Gold Gram Karat 8K	652.90	43.53

Gold Price Forecast in Eritrea

Bearish (3,750 - 3,950 USD)

Date: Monday, 3 August 2026, 12:01 AM
The forecast: Bearish, The gold price in Eritrea is expected to fall in the next 30 days.
The forecasted price: 56250 - 59250 Nakfa.
The forecasted price in USD: 3,750 - 3,950 USD.
The analysis: Despite escalating Middle East tensions creating a high-risk geopolitical environment, gold prices are currently facing significant downward pressure. This unexpected trend is primarily driven by persistent inflation fears fueling expectations of aggressive US Federal Reserve interest rate hikes. Such expectations push US Treasury yields higher and strengthen the US Dollar, significantly increasing the opportunity cost of holding non-yielding gold. Consequently, investors are prioritizing yield-bearing assets over gold's traditional safe-haven appeal, overriding local market demand.
Key drivers: Anticipation of further aggressive Federal Reserve interest rate hikes., Elevated US Treasury yields increasing the opportunity cost of holding gold., Strength of the US Dollar against major currencies..

Disclaimer: The gold price forecast is based on historical data and market trends. It is not a guarantee of future performance.

Daily Gold Price Indicators in Eritrea

Today
Bid Price	60,973.15 ERN
Ask Price	60,979.25 ERN
High Price	61,229.85 ERN
Low Price	60,954.45 ERN
Open Price	61,201.50 ERN
Close Price	60,976.20 ERN
Change	-225.30 ERN
Change %	-0.37%
Previous Year
1 Month High	62,500.00 ERN
1 Month Low	59,760.96 ERN
6 Months High	79,787.23 ERN
6 Months Low	59,523.81 ERN
1 Year High	80,213.90 ERN
1 Year Low	49,833.89 ERN

Gold Price Chart in Eritrea

Price of Gold Bullion in Eritrea in Nakfa

The price of gold bullion 1 Gram in Eritrea: 1,960.65 Nakfa
The price of gold bullion 5 Grams in Eritrea: 9,803.25 Nakfa
The price of gold bullion 10 Grams in Eritrea: 19,606.50 Nakfa
The price of gold bullion 20 Grams in Eritrea: 39,212.99 Nakfa
The price of gold bullion 1 Ounce (31.1 Grams) in Eritrea: 60,976.20 Nakfa
The price of gold bullion 50 Grams in Eritrea: 98,032.48 Nakfa
The price of gold bullion 100 Grams in Eritrea: 196,064.95 Nakfa
The price of gold bullion 10 Tolas (116.65 Grams) in Eritrea: 228,709.77 Nakfa
The price of gold bullion 250 Grams (1/4 Kilo) in Eritrea: 490,162.38 Nakfa
The price of gold bullion 500 Grams (1/2 Kilo) in Eritrea: 980,324.76 Nakfa
The price of gold bullion 1000 Grams (1 Kilo) in Eritrea: 1,960,649.52 Nakfa

Gold price in Eritrea in August 2026 in Nakfa


Date	Gold Ounce	Gold Gram 24K	Gold Gram 22K	Gold Gram 18K
2 August 2026	60,657.60	1,950.14	1,786.33	1,462.61
1 August 2026	60,728.74	1,952.43	1,788.43	1,464.32
31 July 2026	60,728.74	1,952.43	1,788.43	1,464.32
30 July 2026	61,475.41	1,976.43	1,810.41	1,482.33
29 July 2026	60,728.74	1,952.43	1,788.43	1,464.32
28 July 2026	60,483.87	1,944.56	1,781.21	1,458.42
27 July 2026	61,224.49	1,968.37	1,803.02	1,476.28
26 July 2026	60,728.74	1,952.43	1,788.43	1,464.32
25 July 2026	60,728.74	1,952.43	1,788.43	1,464.32
24 July 2026	60,975.61	1,960.37	1,795.70	1,470.27
23 July 2026	60,728.74	1,952.43	1,788.43	1,464.32
22 July 2026	62,240.66	2,001.04	1,832.95	1,500.78
21 July 2026	60,975.61	1,960.37	1,795.70	1,470.27
20 July 2026	60,000.00	1,929.00	1,766.96	1,446.75
19 July 2026	60,240.96	1,936.75	1,774.06	1,452.56
18 July 2026	60,240.96	1,936.75	1,774.06	1,452.56
17 July 2026	60,240.96	1,936.75	1,774.06	1,452.56
16 July 2026	59,760.96	1,921.31	1,759.92	1,440.99
15 July 2026	60,975.61	1,960.37	1,795.70	1,470.27
14 July 2026	60,975.61	1,960.37	1,795.70	1,470.27
13 July 2026	60,000.00	1,929.00	1,766.96	1,446.75
12 July 2026	61,728.40	1,984.57	1,817.86	1,488.43
11 July 2026	61,728.40	1,984.57	1,817.86	1,488.43
10 July 2026	61,475.41	1,976.43	1,810.41	1,482.33
9 July 2026	61,983.47	1,992.77	1,825.38	1,494.58
8 July 2026	60,975.61	1,960.37	1,795.70	1,470.27
7 July 2026	62,240.66	2,001.04	1,832.95	1,500.78
6 July 2026	62,500.00	2,009.38	1,840.59	1,507.03
5 July 2026	62,500.00	2,009.38	1,840.59	1,507.03
4 July 2026	62,500.00	2,009.38	1,840.59	1,507.03

Gold Performance in Nakfa

Period	Date	Rate ERN/Ounce	Change	Change %
1 Day	2026-08-02	60,976.20	-225.30	-0.37%
1 Week	2026-07-26	60,728.74	+247.46	+0.41%
30 Days	2026-07-03	62,500.00	-1,523.80	-2.44%
6 Months	2026-02-02	69,767.44	-8,791.24	-12.60%
1 Year	2025-08-02	50,505.05	+10,471.15	+20.73%
5 Years	2021-08-02	27,182.29	+33,793.91	+124.32%
10 Years	2016-08-02	20,545.89	+40,430.31	+196.78%

Period	Change	Change %
1 Day	-225.30	-0.37%
1 Week	+247.46	+0.41%
30 Days	-1,523.80	-2.44%
6 Months	-8,791.24	-12.60%
1 Year	+10,471.15	+20.73%
5 Years	+33,793.91	+124.32%
10 Years	+40,430.31	+196.78%

Metal

Karat

Weight

Unit

Currency

61,044.30