Friday, 11 October 2024, 4:25 PM
Gold Unit | Euro | U.S. Dollar |
---|---|---|
Gold Ounce | 2,428.98 | 2,659.57 |
Gold Gram Karat 24k | 78.10 | 85.52 |
Gold Gram Karat 22k | 71.54 | 78.33 |
Gold Gram Karat 21k | 68.34 | 74.83 |
Gold Gram Karat 18k | 58.58 | 64.14 |
Gold Gram Karat 14k | 45.69 | 50.03 |
Gold Gram Karat 12k | 39.05 | 42.76 |
Gold Gram Karat 10k | 32.57 | 35.66 |
Gold Gram Karat 9k | 29.29 | 32.07 |
Gold Gram Karat 8k | 26.01 | 28.48 |
In Germany, gold is commonly measured in karats, which indicate the purity of the metal. The most prevalent gold karats include 18K, 14K, and 9K, each serving distinct purposes and preferences among consumers.
18K gold is the most popular choice in Germany, representing 75% gold content. It is favored for its luxurious appearance and durability, making it ideal for fine jewelry such as rings, necklaces, and bracelets.
Following closely is 14K gold, which contains approximately 58.3% gold. This karat is commonly used for jewelry that requires enhanced durability but still retains a good gold content. It is particularly popular for everyday wear items.
Next is 9K gold, which consists of about 37.5% gold. While it is less common, it serves as an affordable option for those seeking gold jewelry without a high price tag. It is often used in fashion jewelry and pieces that prioritize durability.
Lastly, higher karats like 22K and 24K are less frequently seen in everyday items due to their softness and cost, making them more suitable for investment pieces or specific cultural contexts.
The price of gold in Germany, like in many parts of the world, is primarily determined by the global market. Gold is traded on various exchanges, with the London Bullion Market being one of the most influential. Prices fluctuate based on supply and demand dynamics, geopolitical stability, economic conditions, and currency strength, particularly the euro.
In Germany, the Deutsche Bundesbank also plays a role in the gold market. It holds a significant amount of gold reserves and influences price through its buying and selling activities. Additionally, local dealers and jewelers contribute to price determination by setting retail prices that include premiums over the spot price based on the cost of sourcing and processing gold.
Market sentiment, investor behavior, and speculation are crucial factors in gold pricing. During times of economic uncertainty or inflation, gold is often viewed as a safe-haven asset, leading to increased demand and higher prices. Conversely, strong economic data may reduce demand, resulting in lower prices. Overall, the gold market in Germany is interconnected with international factors that drive its valuation.
The outlook for gold prices in Germany remains optimistic among analysts as we approach the end of the year. Economic uncertainties, including potential inflation and geopolitical tensions, are leading many investors to consider gold as a safe-haven asset. Analysts predict that gold prices could continue to rise as demand increases during times of economic instability.
Furthermore, the European Central Bank's monetary policies and any potential shifts in interest rates are key factors influencing the gold market. A decrease in interest rates typically boosts gold prices, as lower yields diminish the opportunity cost of holding non-yielding assets like gold.
Additionally, the ongoing concerns regarding the global economic landscape and supply chain disruptions may further drive prices upwards. With high inflation rates reported in several sectors, investors are likely to flock to gold, considering it a hedge against currency devaluation.
In conclusion, while the gold market can be volatile, many experts believe that Germany's gold prices may see an upward trend in the coming months, driven by both local and global economic factors. Investors are advised to stay informed and consider gold as a part of their diversified investment strategy.
Date | Gold Ounce | Gold Gram Karat 24 | Gold Gram Karat 22 | Gold Gram Karat 21 | Gold Gram Karat 18 | Gold Gram Karat 14 |
---|---|---|---|---|---|---|
11 October 2024 | 2,419.23 | 77.79 | 71.30 | 68.05 | 58.32 | 45.39 |
10 October 2024 | 2,386.71 | 76.74 | 70.34 | 67.14 | 57.54 | 44.78 |
9 October 2024 | 2,385.47 | 76.70 | 70.31 | 67.10 | 57.51 | 44.76 |
8 October 2024 | 2,408.65 | 77.45 | 70.99 | 67.75 | 58.07 | 45.19 |
7 October 2024 | 2,412.30 | 77.57 | 71.10 | 67.86 | 58.16 | 45.26 |
6 October 2024 | 2,415.40 | 77.67 | 71.19 | 67.94 | 58.23 | 45.32 |
5 October 2024 | 2,415.40 | 77.67 | 71.19 | 67.94 | 58.23 | 45.32 |
4 October 2024 | 2,418.39 | 77.76 | 71.28 | 68.03 | 58.30 | 45.37 |
3 October 2024 | 2,404.80 | 77.32 | 70.88 | 67.65 | 57.97 | 45.12 |
2 October 2024 | 2,398.20 | 77.11 | 70.68 | 67.46 | 57.82 | 44.99 |
1 October 2024 | 2,368.55 | 76.16 | 69.81 | 66.63 | 57.10 | 44.44 |
30 September 2024 | 2,382.29 | 76.60 | 70.21 | 67.01 | 57.43 | 44.70 |
29 September 2024 | 2,375.08 | 76.37 | 70.00 | 66.81 | 57.26 | 44.56 |
28 September 2024 | 2,375.08 | 76.37 | 70.00 | 66.81 | 57.26 | 44.56 |
27 September 2024 | 2,394.55 | 77.00 | 70.57 | 67.36 | 57.73 | 44.93 |
26 September 2024 | 2,386.71 | 76.74 | 70.34 | 67.14 | 57.54 | 44.78 |
25 September 2024 | 2,375.79 | 76.39 | 70.02 | 66.83 | 57.28 | 44.57 |
24 September 2024 | 2,373.88 | 76.33 | 69.96 | 66.78 | 57.23 | 44.54 |
23 September 2024 | 2,351.15 | 75.60 | 69.29 | 66.14 | 56.68 | 44.11 |
22 September 2024 | 2,348.83 | 75.53 | 69.23 | 66.07 | 56.63 | 44.07 |
21 September 2024 | 2,348.83 | 75.53 | 69.23 | 66.07 | 56.63 | 44.07 |
20 September 2024 | 2,320.73 | 74.62 | 68.40 | 65.28 | 55.95 | 43.54 |
19 September 2024 | 2,304.90 | 74.11 | 67.93 | 64.84 | 55.57 | 43.24 |
18 September 2024 | 2,305.68 | 74.14 | 67.95 | 64.86 | 55.59 | 43.26 |
17 September 2024 | 2,316.76 | 74.49 | 68.28 | 65.17 | 55.85 | 43.47 |
16 September 2024 | 2,328.37 | 74.87 | 68.62 | 65.50 | 56.13 | 43.68 |
15 September 2024 | 2,331.14 | 74.96 | 68.70 | 65.57 | 56.20 | 43.74 |
14 September 2024 | 2,331.14 | 74.96 | 68.70 | 65.57 | 56.20 | 43.74 |
13 September 2024 | 2,319.36 | 74.58 | 68.36 | 65.24 | 55.92 | 43.52 |
12 September 2024 | 2,286.50 | 73.52 | 67.39 | 64.32 | 55.12 | 42.90 |