Gold Price Today in Ethiopia in Ethiopian Birr (ETB)

Tuesday, 25 March 2025, 12:25 PM

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399,195.81 Ethiopian Birr/Ounce
3,016.46 U.S. Dollar/Ounce
9,626.91 Ethiopian Birr/Gram 18K
72.74 U.S. Dollar/Gram 18K
11,231.39 Ethiopian Birr/Gram 21K
84.87 U.S. Dollar/Gram 21K
Gold ounce price in Ethiopia is 399,195.81 Ethiopian Birr per ounce, Gold gram price is 12,835.88 Ethiopian Birr per gram karat 24, 11,766.22 Ethiopian Birr per gram karat 22, 11,231.39 Ethiopian Birr per gram karat 21, 9,626.91 Ethiopian Birr per gram karat 18.

Gold Price in Ethiopia in Ethiopian Birr

Gold Unit Ethiopian Birr U.S. Dollar
Gold Ounce 399,195.81 3,016.46
Gold Gram Karat 24k 12,835.88 96.99
Gold Gram Karat 22k 11,757.66 88.85
Gold Gram Karat 21k 11,231.39 84.87
Gold Gram Karat 18k 9,626.91 72.74
Gold Gram Karat 14k 7,508.99 56.74
Gold Gram Karat 12k 6,417.94 48.50
Gold Gram Karat 10k 5,352.56 40.45
Gold Gram Karat 9k 4,813.45 36.37
Gold Gram Karat 8k 4,274.35 32.30

Common Gold Karats Used in Ethiopia

In Ethiopia, gold is highly valued, and various karats are popular in the jewelry market, reflecting both cultural significance and aesthetic preference. The most commonly used karat is 24 karat, which is pure gold and highly sought after for its lustrous appearance and malleability. It is often used in traditional jewelry pieces and is considered a symbol of wealth and status.

Following closely is 22 karat gold, which is composed of 91.67% gold and 8.33% alloy metals. This karat is favored for its balance of purity and durability, making it ideal for crafting intricate designs in jewelry. Many Ethiopian artisans prefer 22 karat gold because it retains a rich color while being resilient enough for everyday wear.

The 18 karat gold, containing 75% gold, is less common but increasingly popular among those looking for more affordable options without sacrificing quality. It is often used in contemporary jewelry designs. Lastly, 14 karat gold, which has a lower gold content of 58.3%, is the least common karat found in Ethiopian markets. It is primarily used in modern jewelry for its strength and lower cost.

Gold Price Chart in Ethiopia

How Gold Price is Determined in Ethiopia

The price of gold in Ethiopia is influenced by several key factors, mirroring global trends while also incorporating local elements. First and foremost, the international gold market plays a significant role. As the global demand for gold fluctuates, so too does its price, which is often set in major currencies like the US dollar. In Ethiopia, local gold prices are typically linked to these international rates.

Additionally, the Ethiopian government's policies impact gold pricing. The country has a growing mining sector, with regulations that can affect supply. The Ministry of Mines has established guidelines for mining operations, and any changes in export taxes or licensing can directly influence the local gold market.

Moreover, the Ethiopian birr's value against foreign currencies also affects gold prices. A depreciation of the birr can lead to higher local gold prices as the import cost increases. Finally, local demand, influenced by cultural practices and investment preferences, plays a vital role in determining how gold prices are set in the Ethiopian market, creating a unique interplay of global and local economic factors that shape pricing strategies.

Price of Gold Bullion in Ethiopia in Ethiopian Birr

  • The price of gold bullion 5 grams 24K in Ethiopia: 64,179.39 Ethiopian Birr
  • The price of gold bullion 10 grams 24K in Ethiopia: 128,358.78 Ethiopian Birr
  • The price of gold bullion 20 grams 24K in Ethiopia: 256,717.56 Ethiopian Birr
  • The price of gold bullion 50 grams 24K in Ethiopia: 641,793.91 Ethiopian Birr
  • The price of gold bullion 100 grams 24K in Ethiopia: 1,283,587.82 Ethiopian Birr
  • The price of gold bullion 250 grams 24K in Ethiopia: 3,208,969.54 Ethiopian Birr
  • The price of gold bullion 500 grams 24K in Ethiopia: 6,417,939.08 Ethiopian Birr
  • The price of gold bullion 1000 grams 24K in Ethiopia: 12,835,878.16 Ethiopian Birr

Predictions for Gold Prices in Ethiopia

The gold market in Ethiopia is showing significant potential for the future, driven by the country's rich mineral wealth and increasing demand for gold both locally and internationally. Experts predict that gold prices in Ethiopia may experience an upward trend due to various factors such as the government’s efforts to enhance mining practices and attract foreign investment.

Furthermore, global economic uncertainties are likely to boost gold's appeal as a safe-haven asset. This could lead to increased investments in Ethiopian gold mining, enhancing production capacities and consequently influencing price stability and growth in the local market. Additionally, the fluctuation of the U.S. dollar and inflation rates in major economies will also play a critical role in shaping the gold prices.

Moreover, the ongoing exploration ventures by both local and international companies may uncover new deposits, which could increase supply in the long run. However, market volatility and geopolitical factors will remain as crucial determinants that could impact the prices. As such, stakeholders in the Ethiopian gold sector should remain vigilant and adaptive to these changing dynamics.

Gold price in Ethiopia in March 2025 in Ethiopian Birr

Date Gold Ounce Gold Gram Karat 24 Gold Gram Karat 22 Gold Gram Karat 21 Gold Gram Karat 18 Gold Gram Karat 14
24 March 2025 399,525.47 12,846.48 11,774.99 11,238.41 9,631.76 7,495.79
23 March 2025 392,426.87 12,618.23 11,565.78 11,038.73 9,460.63 7,362.61
17 March 2025 392,337.35 12,615.35 11,563.14 11,036.21 9,458.47 7,360.93
16 March 2025 391,869.13 12,600.29 11,549.34 11,023.04 9,447.18 7,352.14
15 March 2025 392,229.79 12,611.89 11,559.97 11,033.19 9,455.88 7,358.91
14 March 2025 392,154.82 12,609.48 11,557.76 11,031.08 9,454.07 7,357.50
13 March 2025 380,889.68 12,247.26 11,225.75 10,714.20 9,182.49 7,146.15
12 March 2025 380,355.19 12,230.07 11,210.00 10,699.16 9,169.60 7,136.12
11 March 2025 374,350.99 12,037.01 11,033.04 10,530.27 9,024.86 7,023.47
10 March 2025 375,504.30 12,074.09 11,067.03 10,562.71 9,052.66 7,045.11
9 March 2025 375,373.19 12,069.88 11,063.17 10,559.02 9,049.50 7,042.65
8 March 2025 375,591.78 12,076.91 11,069.61 10,565.17 9,054.77 7,046.75
7 March 2025 364,061.31 11,706.15 10,729.78 10,240.82 8,776.79 6,830.42
6 March 2025 379,108.76 12,189.99 11,173.26 10,664.10 9,139.56 7,112.73
5 March 2025 376,274.48 12,098.86 11,089.73 10,584.37 9,071.23 7,059.56
4 March 2025 363,844.36 11,699.18 10,723.38 10,234.72 8,771.56 6,826.35
3 March 2025 369,098.65 11,868.12 10,878.24 10,382.52 8,898.23 6,924.93
2 March 2025 362,380.77 11,652.11 10,680.25 10,193.55 8,736.28 6,798.89
1 March 2025 362,380.77 11,652.11 10,680.25 10,193.55 8,736.28 6,798.89
28 February 2025 370,387.46 11,909.56 10,916.22 10,418.78 8,929.30 6,949.11
27 February 2025 363,692.43 11,694.29 10,718.90 10,230.45 8,767.90 6,823.50
26 February 2025 376,567.56 12,108.28 11,098.37 10,592.62 9,078.29 7,065.06
25 February 2025 372,582.85 11,980.16 10,980.93 10,480.53 8,982.23 6,990.30
24 February 2025 373,348.36 12,004.77 11,003.49 10,502.06 9,000.68 7,004.66
23 February 2025 372,804.70 11,987.29 10,987.47 10,486.77 8,987.58 6,994.46
22 February 2025 370,222.73 11,904.27 10,911.37 10,414.14 8,925.33 6,946.02
21 February 2025 374,112.44 12,029.34 11,026.01 10,523.56 9,019.10 7,019.00
20 February 2025 372,908.55 11,990.63 10,990.53 10,489.69 8,990.08 6,996.41
19 February 2025 370,976.49 11,928.50 10,933.58 10,435.34 8,943.50 6,960.16
18 February 2025 371,714.89 11,952.25 10,955.35 10,456.12 8,961.30 6,974.01

Gold Making Charges in Ethiopia

In Ethiopia, the gold making charges can significantly affect the overall cost of gold jewelry. Typically, these charges are expressed as a percentage of the gram price. On average, the making charges range from 8% to 15% of the gold's gram price. For instance, if the current market price of gold is 3,000 Ethiopian Birr per gram, the making charges could amount to approximately 240 to 450 Ethiopian Birr per gram.

These charges encompass various costs involved in the crafting process, including labor, design intricacies, and overheads associated with the production of gold items. It's important for consumers to be aware of these charges when purchasing gold, as they can vary widely based on the intricacy of the design and the jeweler's reputation.

Due to fluctuating gold prices and economic conditions, the absolute value of making charges in Ethiopian Birr may change over time. Therefore, consumers are encouraged to shop around and compare prices and making charges from different jewelers to ensure they receive fair value for their purchases.