Gold Price Today in Romania in Romanian leu (RON)

Sunday, 10 November 2024, 9:42 PM

12,460.22 Romanian leu/Ounce
Live
2,684.28 U.S. Dollar/Ounce
Gold ounce price in Romania is 12,460.22 Romanian leu per ounce, Gold gram price is 400.65 Romanian leu per gram karat 24, 367.26 Romanian leu per gram karat 22, 350.57 Romanian leu per gram karat 21, 300.49 Romanian leu per gram karat 18.

Gold Price in Romania in Romanian leu

Gold Unit Romanian leu U.S. Dollar
Gold Ounce 12,460.22 2,684.28
Gold Gram Karat 24k 400.65 86.31
Gold Gram Karat 22k 367.00 79.06
Gold Gram Karat 21k 350.57 75.52
Gold Gram Karat 18k 300.49 64.73
Gold Gram Karat 14k 234.38 50.49
Gold Gram Karat 12k 200.33 43.16
Gold Gram Karat 10k 167.07 35.99
Gold Gram Karat 9k 150.24 32.37
Gold Gram Karat 8k 133.42 28.74

Common Gold Karats in Romania

In Romania, gold is typically measured in karats, and the most common karats used are 14k, 18k, and 22k. 14k gold is frequently used for jewelry making due to its durability and cost-effectiveness. Comprising 58.3% pure gold, 14k pieces are popular for everyday wear and are available in various designs.

Next, 18k gold is also widely utilized, especially in higher-end jewelry. With 75% pure gold, 18k offers a richer color and is favored for its luxurious appeal. Many Romanians prefer 18k for engagement rings and special occasion pieces.

Lastly, 22k gold is used less frequently, primarily for traditional or cultural jewelry. Containing 91.67% pure gold, 22k is softer and more malleable, making it less suitable for everyday wear. It is often seen in heirloom pieces and items crafted for celebrations.

Each karat offers distinct advantages depending on the purpose, with 14k being the most practical and widely available, while 18k provides a balance of beauty and durability, and 22k holds cultural significance.

Gold Price Chart in Romania

How Gold Price is Determined in Romania

The price of gold in Romania is influenced by a combination of local and global factors. One of the primary determinants is the international gold market, where prices are set based on supply and demand dynamics. As gold is traded globally, fluctuations in prices are affected by events such as geopolitical tensions, changes in currency strength, and fluctuations in stock markets.

In Romania, the leu (RON) plays a crucial role in determining gold prices. Local currency depreciation against major currencies, particularly the US dollar, can lead to higher prices for gold in Romania. Additionally, inflation rates affect purchasing power, further impacting gold's appeal as a safe-haven asset.

The demand for gold in Romania is also influenced by cultural factors, as gold jewelry is often seen as a symbol of wealth and tradition. Investment products like gold coins and bullion are favored during economic uncertainty. Local supply and demand from businesses and investors can create short-term variations in price.

In summary, the gold price in Romania is shaped by global market trends, currency valuation, local demand, and socio-economic factors that collectively dictate its value within the country.

Price of Gold Bullion in Romania in Romanian leu

  • The price of gold bullion 5 grams 24K in Romania: 2,003.25 Romanian leu
  • The price of gold bullion 10 grams 24K in Romania: 4,006.50 Romanian leu
  • The price of gold bullion 20 grams 24K in Romania: 8,013.00 Romanian leu
  • The price of gold bullion 50 grams 24K in Romania: 20,032.51 Romanian leu
  • The price of gold bullion 100 grams 24K in Romania: 40,065.01 Romanian leu
  • The price of gold bullion 250 grams 24K in Romania: 100,162.53 Romanian leu
  • The price of gold bullion 500 grams 24K in Romania: 200,325.06 Romanian leu
  • The price of gold bullion 1000 grams 24K in Romania: 400,650.13 Romanian leu

Predictions for Gold Prices in Romania

The gold market in Romania is experiencing heightened interest as various economic factors influence its price. Analysts predict that gold prices may see an upward trend due to several contributing elements. Increased inflation rates, which have been a concern globally, often lead investors to seek the safety of gold. Additionally, political instability and geopolitical tensions in different parts of the world can drive investors toward precious metals as a hedge against uncertainty.

Romania's economy, like many others, is closely tied to the broader European economic climate. The performance of the euro and changes in monetary policy by the European Central Bank could significantly impact gold prices in the region. Some experts suggest that if Romania's local currency weakens or if the European economy faces downturns, the demand for gold might increase, thereby raising its price.

Overall, while predictions are inherently uncertain, market sentiments suggest that investors in Romania should keep a close eye on both local and global economic indicators, as they play a crucial role in shaping future gold prices.

Gold price in Romania in November 2024 in Romanian leu

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 12,387.82 398.32 365.10 348.46 298.65 232.42
8 November 2024 12,475.11 401.13 367.67 350.92 300.75 234.05
7 November 2024 12,336.92 396.69 363.60 347.03 297.42 231.46
6 November 2024 12,512.18 402.32 368.76 351.96 301.64 234.75
5 November 2024 12,491.82 401.67 368.16 351.39 301.15 234.37
4 November 2024 12,587.17 404.73 370.97 354.07 303.45 236.16
3 November 2024 12,561.99 403.92 370.23 353.36 302.84 235.68
2 November 2024 12,553.04 403.63 369.97 353.11 302.63 235.52
1 November 2024 12,584.01 404.63 370.88 353.98 303.38 236.10
31 October 2024 12,757.58 410.21 376.00 358.86 307.56 239.35
29 October 2024 12,663.55 407.19 373.23 356.22 305.29 237.59
28 October 2024 12,597.28 405.06 371.27 354.35 303.70 236.35
27 October 2024 12,658.88 407.04 373.09 356.09 305.18 237.50
26 October 2024 12,623.42 405.90 372.04 355.09 304.33 236.84
25 October 2024 12,560.36 403.87 370.18 353.32 302.81 235.65
24 October 2024 12,594.13 404.96 371.18 354.27 303.62 236.29
23 October 2024 12,511.65 402.30 368.75 351.95 301.63 234.74
18 October 2024 12,458.76 400.60 367.19 350.46 300.36 233.75
17 October 2024 12,279.63 394.84 361.91 345.42 296.04 230.39
16 October 2024 12,163.48 391.11 358.49 342.15 293.24 228.21
15 October 2024 12,051.44 387.51 355.19 339.00 290.54 226.11
14 October 2024 12,096.85 388.97 356.52 340.28 291.63 226.96
11 October 2024 12,084.87 388.58 356.17 339.94 291.34 226.73
12 October 2024 12,097.07 388.97 356.53 340.28 291.64 226.96
11 October 2024 12,037.57 387.06 354.78 338.61 290.20 225.85
10 October 2024 11,875.20 381.84 349.99 334.04 286.29 222.80
9 October 2024 11,874.08 381.80 349.96 334.01 286.26 222.78
8 October 2024 11,987.57 385.45 353.30 337.20 289.00 224.91
7 October 2024 12,009.00 386.14 353.93 337.81 289.51 225.31
6 October 2024 12,035.81 387.00 354.72 338.56 290.16 225.81

Gold Making Charges in Romania

The gold making charges in Romania can vary significantly based on the type of jewelry being produced and the intricacies involved in the manufacturing process. Typically, these charges are expressed as a percentage of the gold's gram price. In general, making charges range from 10% to 20% of the gold price, depending on factors such as design complexity and craftsmanship.

For example, if the current market price of gold is around 300 RON per gram, the making charges could amount to 30 to 60 RON per gram when a 10% to 20% charge is applied. This means that for a piece of jewelry weighing 10 grams, an additional charge of approximately 300 to 600 RON could be expected, purely for the making cost, excluding the gold price itself.

Consumers should be aware of these additional costs when purchasing gold jewelry, as they can significantly affect the overall price. Therefore, it is essential to consider both the gold price and the making charges in order to get a complete picture of the investment in gold jewelry.