Gold Price Today in Taiwan in Taiwan Dollar (TWD)

Friday, 11 October 2024, 3:39 PM

Gold ounce price in Taiwan is 85,407.16 Taiwan Dollar per ounce, Gold gram price is 2,746.21 Taiwan Dollar per gram karat 24, 2,517.36 Taiwan Dollar per gram karat 22, 2,402.93 Taiwan Dollar per gram karat 21, 2,059.66 Taiwan Dollar per gram karat 18.

How Gold Price is Determined in Taiwan

The price of gold in Taiwan is influenced by several key factors, much like in other global markets. International Market Prices play a significant role, as Taiwan's gold prices are closely aligned with global gold rates established on major exchanges like the London Bullion Market. These international prices fluctuate based on global demand and supply dynamics, macroeconomic indicators, and geopolitical tensions.

Another critical factor is the Taiwanese Currency Strength. The exchange rate of the New Taiwan Dollar (NTD) against the US Dollar can affect gold prices locally. A stronger NTD can lead to lower gold prices in Taiwan as imports become cheaper, while a weaker NTD can increase prices.

Additionally, local demand and supply conditions significantly impact gold prices. Factors such as festive seasons, jewelry trends, and investment behaviors can drive local demand. Moreover, Taiwan has its own operational gold retailers and wholesalers whose pricing strategies and stock levels can also influence gold prices.

Overall, the interplay of international rates, currency valuation, and local demand creates a unique pricing structure for gold in Taiwan.

Price of Gold Bullion in Taiwan in Taiwan Dollar

• The price of gold bullion 5 grams 24K in Taiwan: 13,731.05 Taiwan Dollar
• The price of gold bullion 10 grams 24K in Taiwan: 27,462.11 Taiwan Dollar
• The price of gold bullion 20 grams 24K in Taiwan: 54,924.22 Taiwan Dollar
• The price of gold bullion 50 grams 24K in Taiwan: 137,310.55 Taiwan Dollar
• The price of gold bullion 100 grams 24K in Taiwan: 274,621.10 Taiwan Dollar
• The price of gold bullion 250 grams 24K in Taiwan: 686,552.75 Taiwan Dollar
• The price of gold bullion 500 grams 24K in Taiwan: 1,373,105.50 Taiwan Dollar
• The price of gold bullion 1000 grams 24K in Taiwan: 2,746,210.99 Taiwan Dollar

Predictions for Gold Prices in Taiwan

The outlook for gold prices in Taiwan reflects global economic trends, market sentiment, and local demand. Analysts anticipate that gold prices may experience fluctuations due to various factors, including inflation rates, interest rates, and geopolitical tensions. As of late 2023, gold has demonstrated resilience amidst economic uncertainties, with many investors viewing it as a safe-haven asset. In Taiwan, the central bank's policies and the Taiwanese dollar's strength against the US dollar will play crucial roles in determining local gold prices.

Market experts suggest that if inflation continues to rise, there may be an increased demand for gold as an inflation hedge. Additionally, Taiwan's jewelry sector and cultural significance of gold may contribute to local consumption rates, further influencing prices. Reports indicate that if global economic conditions remain unstable, gold prices could potentially increase, leading to a more bullish outlook for the precious metal in Taiwan.

As we move into early 2024, it's essential for investors to stay informed and consider both global and local factors that may impact the gold market, ensuring they make well-founded decisions regarding their investments.

Gold price in Taiwan in October 2024 in Taiwan Dollar