Gold Price Today in Georgia in Georgian lari (GEL)

Sunday, 10 November 2024, 9:26 PM

7,301.23 Georgian lari/Ounce
Live
2,684.28 U.S. Dollar/Ounce
Gold ounce price in Georgia is 7,301.23 Georgian lari per ounce, Gold gram price is 234.77 Georgian lari per gram karat 24, 215.20 Georgian lari per gram karat 22, 205.42 Georgian lari per gram karat 21, 176.07 Georgian lari per gram karat 18.

Gold Price in Georgia in Georgian lari

Gold Unit Georgian lari U.S. Dollar
Gold Ounce 7,301.23 2,684.28
Gold Gram Karat 24k 234.77 86.31
Gold Gram Karat 22k 215.05 79.06
Gold Gram Karat 21k 205.42 75.52
Gold Gram Karat 18k 176.07 64.73
Gold Gram Karat 14k 137.34 50.49
Gold Gram Karat 12k 117.38 43.16
Gold Gram Karat 10k 97.90 35.99
Gold Gram Karat 9k 88.04 32.37
Gold Gram Karat 8k 78.18 28.74

Gold Karats Commonly Used in Georgia

In Georgia, the most commonly used gold karats are 14k, 18k, and 10k, each valued for its balance of purity and durability. 14k gold is the most prevalent, consisting of 58.3% pure gold and 41.7% alloy metals, making it ideal for daily wear due to its strength and affordability. It strikes a perfect balance between quality and price, appealing to a wide range of consumers.

The next popular option is 18k gold, which contains 75% pure gold and is recognized for its richer color and higher value. This karat is favored for fine jewelry and is often chosen for special occasions. While it is more malleable than 14k gold, its luxurious appearance makes it a sought-after choice among those looking for elegance.

Lastly, 10k gold is used less frequently, comprising 41.7% pure gold. It is often used in more affordable jewelry options, appealing to budget-conscious buyers. While it is the least common in terms of high-end jewelry, it remains popular for its durability and lower price point.

Gold Price Chart in Georgia

How Gold Price is Determined in Georgia

The price of gold in Georgia, as in other regions, is influenced by a variety of factors that create a complex market dynamics. Global Market Trends play a crucial role; since gold is traded on international exchanges, its price is largely determined by global demand and supply. When investors consider gold a safe haven, particularly during economic uncertainty, demand spikes, driving prices up.

Another significant factor is Currency Value. The strength of the US dollar, in which gold is typically priced, directly affects its cost. A weaker dollar makes gold cheaper for foreign buyers, potentially increasing demand and influencing price. Additionally, Inflation and Interest Rates impact gold prices; as inflation rises, gold is often seen as a hedge, leading to increased investment.

Moreover, local factors such as Supply Sources and local market conditions in Georgia can affect gold prices. The presence of gold mining operations or import regulations can influence availability and, in turn, pricing. Therefore, the gold market in Georgia reflects both local and global economic conditions.

Price of Gold Bullion in Georgia in Georgian lari

  • The price of gold bullion 5 grams 24K in Georgia: 1,173.83 Georgian lari
  • The price of gold bullion 10 grams 24K in Georgia: 2,347.66 Georgian lari
  • The price of gold bullion 20 grams 24K in Georgia: 4,695.32 Georgian lari
  • The price of gold bullion 50 grams 24K in Georgia: 11,738.31 Georgian lari
  • The price of gold bullion 100 grams 24K in Georgia: 23,476.62 Georgian lari
  • The price of gold bullion 250 grams 24K in Georgia: 58,691.55 Georgian lari
  • The price of gold bullion 500 grams 24K in Georgia: 117,383.11 Georgian lari
  • The price of gold bullion 1000 grams 24K in Georgia: 234,766.22 Georgian lari

Predictions for Gold Prices in Georgia

The gold market is consistently influenced by various factors, including economic stability, inflation rates, and global geopolitical tensions. In Georgia, analysts predict that the prices of gold may experience fluctuations due to both regional developments and international market trends. As inflation remains a significant concern, many investors are looking towards gold as a safe haven asset.

Current forecasts indicate that if inflation continues to rise, gold prices in Georgia could see an upward trend. Strong demand from investors seeking to hedge against economic uncertainties is expected to further bolster prices. Additionally, the ongoing situation in neighboring regions may also impact local gold prices, with potential increases linked to geopolitical instability.

Moreover, changes in central bank policies and interest rates are critical factors to watch. If central banks around the world, including the National Bank of Georgia, adopt more dovish stances, this could drive gold prices higher as the opportunity cost of holding gold decreases. In summary, while precise predictions are challenging, the outlook for gold prices in Georgia suggests potential increases influenced by economic conditions and global market dynamics.

Gold price in Georgia in November 2024 in Georgian lari

Date Gold Ounce Gold Gram Karat 24 Gold Gram Karat 22 Gold Gram Karat 21 Gold Gram Karat 18 Gold Gram Karat 14
9 November 2024 7,314.31 235.19 215.57 205.75 176.33 137.23
8 November 2024 7,344.99 236.17 216.47 206.61 177.07 137.80
7 November 2024 7,245.31 232.97 213.54 203.81 174.67 135.93
6 November 2024 7,494.09 240.97 220.87 210.80 180.67 140.60
5 November 2024 7,480.43 240.53 220.47 210.42 180.34 140.35
4 November 2024 7,499.58 241.14 221.03 210.96 180.80 140.71
3 November 2024 7,484.58 240.66 220.59 210.54 180.44 140.42
2 November 2024 7,479.59 240.50 220.44 210.40 180.32 140.33
1 November 2024 7,556.73 242.98 222.72 212.57 182.18 141.78
31 October 2024 7,641.29 245.70 225.21 214.94 184.22 143.36
29 October 2024 7,490.08 240.84 220.75 210.69 180.57 140.53
28 October 2024 7,436.49 239.12 219.17 209.18 179.28 139.52
27 October 2024 7,472.86 240.28 220.24 210.21 180.16 140.20
26 October 2024 7,467.32 240.11 220.08 210.05 180.02 140.10
25 October 2024 7,474.18 240.33 220.28 210.24 180.19 140.23
24 October 2024 7,494.28 240.97 220.87 210.81 180.67 140.61
23 October 2024 7,438.12 239.17 219.22 209.23 179.32 139.55
18 October 2024 7,376.30 237.18 217.40 207.49 177.83 138.39
17 October 2024 7,290.45 234.42 214.87 205.08 175.76 136.78
16 October 2024 7,241.15 232.83 213.41 203.69 174.57 135.86
15 October 2024 7,173.35 230.65 211.42 201.78 172.94 134.58
14 October 2024 7,220.66 232.18 212.81 203.11 174.08 135.47
11 October 2024 7,213.51 231.95 212.60 202.91 173.90 135.34
12 October 2024 7,220.85 232.18 212.82 203.12 174.08 135.48
11 October 2024 7,208.99 231.80 212.47 202.78 173.79 135.25
10 October 2024 7,101.93 228.36 209.31 199.77 171.21 133.24
9 October 2024 7,120.18 228.94 209.85 200.29 171.65 133.59
8 October 2024 7,261.85 233.50 214.02 204.27 175.07 136.24
7 October 2024 7,247.75 233.05 213.61 203.87 174.73 135.98
6 October 2024 7,268.94 233.73 214.23 204.47 175.24 136.38

Gold Making Charges in Georgia

In Georgia, the gold making charges play a significant role in determining the final price of gold jewelry. Typically, these charges are expressed as a percentage of the gram price of gold. On average, the gold making charges range from 10% to 20% of the gold's gram price, depending on the complexity of the design and craftsmanship involved.

For instance, if the current market price of gold is around 300 GEL per gram, the making charges would approximately add an additional 30 to 60 GEL per gram. This brings the total cost of the gold jewelry from the base price of the gold itself to an overall expense that incorporates these charges.

It's essential for consumers to be aware of these additional costs. The making charges can vary significantly based on the jeweler, the type of gold (such as 14K, 18K, or 22K), and the specific design features. Shoppers in Georgia should inquire about these charges upfront to avoid surprises when purchasing their gold items.