Gold Price Today in Somalia

The 21 karat gold price in Somalia is currently 69,681.29 Somali Shilling per gram. 21 karat is one of the most popular karats in the Gulf region, containing 87.5% pure gold and 12.5% other metals (usually copper), making it more durable than 24 karat.

The gold ounce price in Somalia is currently 2,476,950.87 Somali Shilling. One ounce equals approximately 31.1035 grams. The ounce price is determined based on the global gold market price, then converted to the local currency according to the current exchange rate.

Pure gold is 24 karat and contains 99.9%% gold. 22 karat contains 91.7%% gold and 8.3%% other metals. 21 karat contains 87.5%% gold and 12.5%% other metals. 18 karat contains 75%% gold and 25%% other metals. The lower the karat, the more durable the piece and the lower its price.

The gold price in Somalia is calculated based on the global gold price in US dollars, then converted to the local currency (Somali Shilling) using the current exchange rate. Exchange rates are updated every 4 hours. The current US dollar rate against Somali Shilling is 570.7122.

Gold prices are updated continuously every 10 seconds during market hours (Monday to Friday). Prices are obtained from the global trading market and then converted to local currencies. Note that prices in the local market may differ slightly from trading market prices.

There is no specific time that is always best to buy gold, as gold prices fluctuate constantly. It is recommended to monitor prices for a period before buying and understand general market trends. Gold is also recommended as a long-term investment, as it is considered a safe haven that maintains value over time.

The 22 karat gold price in Somalia is currently 72,999.45 Somali Shilling per gram. 22 karat is one of the most popular karats in the Arab region, especially in jewelry making, as it combines a high percentage of pure gold with sufficient durability for daily use.

The buy price is the price you pay when buying gold from a dealer, usually about 5%% higher than the base price. The sell price (used) is the price you get when selling used gold, usually about 5%% lower than the base price. This difference (spread) represents the dealer's profit and operating costs.

Silver prices are also available on our website. You can check the "Gold vs Silver Today" section on the homepage to see the latest silver prices compared to gold. Silver prices also change according to the global market and are updated in the same way as gold prices.