Gold Price Today in Tunisia in Tunisian Dinar (TND)

Friday, 11 October 2024, 3:25 PM

Gold ounce price in Tunisia is 8,170.77 Tunisian Dinar per ounce, Gold gram price is 262.73 Tunisian Dinar per gram karat 24, 240.83 Tunisian Dinar per gram karat 22, 229.88 Tunisian Dinar per gram karat 21, 197.04 Tunisian Dinar per gram karat 18.

How Gold Price is Determined in Tunisia

The price of gold in Tunisia is influenced by various factors that reflect both local and global market dynamics. One of the primary determinants is the international market price, which fluctuates based on supply and demand, geopolitical stability, and economic indicators worldwide. As Tunisia is not a major gold producer, it relies heavily on imports, meaning that global prices directly impact local rates.

Another crucial factor is the exchange rate of the Tunisian dinar against major currencies, particularly the US dollar. Since gold is typically traded in dollars, any depreciation of the dinar can lead to higher local gold prices. Additionally, local taxation policies and import duties affect the final price consumers pay. Tunisia’s government may impose taxes on precious metals, impacting retail prices.

Moreover, the seasonal demand for gold, particularly during special occasions and weddings, can cause short-term price fluctuations. Local jewelry market trends and consumer sentiment also play significant roles in determining gold prices. Ultimately, the combination of these factors creates a dynamic and ever-changing landscape for gold pricing in Tunisia.

Price of Gold Bullion in Tunisia in Tunisian Dinar

• The price of gold bullion 5 grams 24K in Tunisia: 1,313.63 Tunisian Dinar
• The price of gold bullion 10 grams 24K in Tunisia: 2,627.26 Tunisian Dinar
• The price of gold bullion 20 grams 24K in Tunisia: 5,254.51 Tunisian Dinar
• The price of gold bullion 50 grams 24K in Tunisia: 13,136.28 Tunisian Dinar
• The price of gold bullion 100 grams 24K in Tunisia: 26,272.57 Tunisian Dinar
• The price of gold bullion 250 grams 24K in Tunisia: 65,681.42 Tunisian Dinar
• The price of gold bullion 500 grams 24K in Tunisia: 131,362.85 Tunisian Dinar
• The price of gold bullion 1000 grams 24K in Tunisia: 262,725.70 Tunisian Dinar

Predictions for Gold Prices in Tunisia

Gold prices in Tunisia are subject to various factors, including global economic conditions, currency fluctuations, and local demand. Analysts predict that in the near future, gold prices may experience volatility due to the ongoing uncertainties in the global market. Inflation rates and interest rates play a crucial role in influencing the value of gold, as investors often turn to it as a safe haven during times of economic instability.

Furthermore, Tunisia's economic recovery post-pandemic will impact local demand for gold. Increased consumer spending and a revival in tourism could boost gold purchases, which may lead to a rise in prices. However, if the Tunisian dinar continues to weaken against major currencies, this could further drive up the local price of gold.

In conclusion, while many factors can influence the future of gold prices in Tunisia, it is essential for investors and consumers to stay informed about economic developments both locally and globally. Monitoring trends and expert analyses will be vital for making informed decisions regarding gold investments in the coming months.

Gold price in Tunisia in October 2024 in Tunisian Dinar