Gold Price Today in Switzerland in Swiss Franc (CHF)

Thursday, 10 October 2024, 5:54 AM

Gold ounce price in Switzerland is 2,247.25 Swiss Franc per ounce, Gold gram price is 72.26 per gram karat 24, 66.24 Swiss Franc per gram karat 22, 63.23 Swiss Franc per gram karat 21, 54.19 Swiss Franc per gram karat 18.

How Gold Price is Determined in Switzerland

The price of gold in Switzerland is influenced by various factors, reflecting both local and global market dynamics. One of the primary determinants is the London Bullion Market Association (LBMA) gold price, which is widely recognized as the benchmark for gold pricing. This price is established through a process of fixing that occurs twice daily, taking into account the supply and demand dynamics from participating banks and traders.

Another significant aspect is the currency exchange rates, particularly the value of the Swiss Franc (CHF) against other currencies. Since gold is internationally traded in US dollars, fluctuations in the exchange rate can directly impact the local price of gold in Switzerland. Moreover, geopolitical stability and economic indicators, such as inflation rates and interest rates, play critical roles in shaping investor sentiment towards gold as a safe-haven asset.

Switzerland's position as a global hub for gold refining and trading also contributes to its pricing dynamics. The high level of demand from various sectors, including jewelry and investment, alongside the country's efficient banking and trading infrastructure, makes it a key player in the global gold market.

Price of Gold Bullion in Switzerland in Swiss Franc

• The price of gold bullion 5 grams 24K in Switzerland: 361.29 Swiss Franc
• The price of gold bullion 10 grams 24K in Switzerland: 722.59 Swiss Franc
• The price of gold bullion 20 grams 24K in Switzerland: 1,445.18 Swiss Franc
• The price of gold bullion 50 grams 24K in Switzerland: 3,612.95 Swiss Franc
• The price of gold bullion 100 grams 24K in Switzerland: 7,225.89 Swiss Franc
• The price of gold bullion 250 grams 24K in Switzerland: 18,064.74 Swiss Franc
• The price of gold bullion 500 grams 24K in Switzerland: 36,129.47 Swiss Franc
• The price of gold bullion 1000 grams 24K in Switzerland: 72,258.95 Swiss Franc

Predictions for Gold Prices in Switzerland

As of late 2023, gold prices in Switzerland are closely watched by investors and analysts, given the country's reputation as a safe haven for wealth. Predictions indicate that gold prices may experience volatility due to a combination of global economic uncertainties, inflation concerns, and geopolitical tensions. Analysts suggest that if inflation persists, gold may become increasingly attractive as a hedge against currency devaluation.

Furthermore, central bank policies play a significant role in shaping the gold market. With several central banks, including the Swiss National Bank, maintaining relatively low-interest rates, demand for gold could rise. Experts believe that if the U.S. dollar weakens or if there are further disruptions in the global supply chain, gold could see an uptick. Projections for the coming months suggest that gold prices may fluctuate between CHF 1,800 and CHF 2,200 per ounce.

In conclusion, while the outlook for gold prices in Switzerland remains cautious, the interplay of local and global factors will ultimately dictate market trends. Investors are advised to stay informed and consider diversifying their portfolios in response to these dynamic conditions.

Gold price in Switzerland in October 2024 in Swiss Franc