Gold Price in Kenya | Daily Updates – 2023

24 Carat Gold Price In Kenya:
0.049 (KES) Per Gram

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For those looking to buy gold in Kenya or simply to keep track of the current gold price in Kenya, you can see the gold price in the local currency.

Kenyan consumers are always concerned about the quality of gold available on the market, despite the strong demand for gold. Gold gold containing 99.5% purity and has been certified by reputed international mints/suppliers.

*these rates are taken from some reliable sources of the industry.

In addition to being tax-free, Kenyan gold is also relatively cheaper, as well as being of higher quality and purer than gold from other countries.

Kenya’s gold is tested and hallmarked so the quality is guaranteed, so there are no risks involved in buying gold there.

 It is first necessary to assess current gold prices in Kenya before you can perform gold price research. The gold price in Kenya is available in the table below.

Gold Price In Kenya Per Gram, Kilo, Ounce

Various gold prices are shown in the following table (ounces, tolas, grams, kilograms, etc.).  

An example of how jewellery production is actually done is illustrated in the following graphic.

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  To help you understand how this guide flows and what it covers, we outline the following topics.  

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Keep a Track of Gold price in Kenya

Price changes should be monitored regularly. Within two to three business days, you should consider purchasing when noticing a slight drop in price.

It does not take a detective to figure out that there are a lot of jewelry shops, and their prices vary depending on their collections, designs, customer service, and target audiences.

Knowing the current Kenya Gold rate is crucial when buying gold jewelry online, investing in gold, or purchasing gold from a store.

The rates you want will be available from Jewells Mark if you need that information.

Prices for Gold Carats in kenya

This bird’s eye view will give you a general idea of gold carat prices.

You will find the prices per gram, per 10 grams, per Vori, per Aana, and per ounce in the table below.

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Gold weight Units

In Kenya, gold weight is also measured in grams, kilograms, and tolas.

• Pavan Gold is equivalent to 8 grams of gold. Pavan is also known as Poun.
• 1 Pavan = 8 grmas
• Approximately 11.6638038 grams of gold weigh one tola, 31.1034768 grams per ounce, and 1,000 grams per kilogram.
• 1 Tola = 11.66 grams
• 1 Ounce = 31.1034 grams
• 1 Kilograms = 1000 grams
• The weight of gold is measured in troy ounces (1 troy ounce = 31.1034768 grams), whereas its purity is measured in “carats”. The caratage of gold alloyed with other metals is the measure of purity.

The tools below allow you to convert gold weight between different units:-

Gold price Calculator

From here, you can calculate the quantity of gold for any number of items

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Buying Gold In kenya

Tourists visiting Kenya by air are allowed to bring gold ornaments and silver ornaments weighing up to 50 grams and 100 grams respectively, so long as they will take them back home with them when they leave.

Kenya’s Ministry of Interior warned citizens they need to follow proper safety and security procedures when buying and selling gold jewelry, in order to prevent fraud.

Tips for Gold Buying

1. Our ability to determine gold’s purity depends on its carats.
2. If the gold is 24 Karat, then it is 99.9% pure, but if it is 22 Karat, 18 Karat, 14 Karat, etc., then the purity decreases.
3. Gold investments should be checked for purity before they are made.
4. It is advisable to purchase hallmarked jewellery as another way to identify purity.
5. When paying for gold, you should be careful to ensure that the weight is correct.

Investing in gold?

A gold mutual fund offers an alternative to physical gold if you do not wish to invest in physical gold.

Your bank has gold coins, bars, and bullions, which you can purchase from them.

Shops that sell gold sell 24 karat gold bars and coins. Many of these have a purity as high as 999.9.

Weights of bullions in this category range from one gram up to a kilogram.

If gold prices rise in the future, investors can hold on to gold coins and bars and earn a profit, or they can sell them.

authority to decide Gold Rate

In the Association’s daily meetings, gold rates would be determined. These rates would apply uninterruptibly throughout the nation.

A reference to the international market is made by the Federation in accordance with Association.

In the gold futures derivative market, there are several banks that analyze supply and demand to establish fixed and average gold prices. The gold price is set by a committee of both internal and external chair members, as well as an overseeing committee.

Gold Carats In Kenya

Various carats and their respective Hallmark of Gold jewelry are as follows:

• Gold 24 Karat is 99.99% pure with Hallmark 999
•  Gold 22 Karat is 91.67% pure with Hallmark 916
•  Gold 20 Karat is 83.33% pure with Hallmark 833
•  Gold 18 Karat is 75.00% pure with Hallmark 750
•  Gold 16 Karat is 66.67% pure with Hallmark 667
•  Gold 14 Karat is 58.33% pure with Hallmark 583
•  Gold 12 Karat is 50.00% pure with Hallmark 500
•  Gold 10 Karat is 41.67% pure with Hallmark 417

24 Carat Gold in kenya

The pure form makes it much more expensive than other forms of gold, therefore it can be an excellent investment for situations in which gold is sold without much depreciation.

The purest form of gold (24 karats) is malleable, even though it is a precious metal. Jewellery cannot come in different shapes or sizes if created from its purest form.

23 Carat gold in kenya

There are foreign jewelry shops that sell 23K gold chains, necklaces, rings, and earrings. The beautiful, durable, and long-lasting qualities of 23K gold are among its many advantages. Those who want high-purity jewelry will appreciate the quality of this jewelry.

A hallmark is a distinctive feature of gold jewelry. If you look at the jewelry you should see either a 958 or 23k serial number.

22 carat gold

Since this form of gold is least pure, it can be used to make gold jewellery. In addition to adding impurity and strength to the mixture, silver, nickel, and other metals are mixed together.

When gold is divided accurately into portions, 22 parts gold and 2 parts impurities make up its composition. There is no bright golden color to this type of gold, but a yellow color which is slightly tainted compared to 24 carat gold.

20 Carat Gold in kenya

Alloys containing 20K gold are composed of 83.3% pure gold and the rest is impure gold. The value of Hallmark 833 gold and 20-carat gold is the same.

Recent years have seen a dramatic increase in the price of 20-carat gold.

A large portion of antique jewelry made with 20 carat gold is chains, rings, and earrings.

18 Carat Gold in kenya

Depending on its impurities, gold can take on many different forms. Gold particles, or grains, consist of approximately 75% 18-carat gold and 25% are impurities.

Please check back soon for more information, we will post a post on the 18 Carat Gold market in Kenya soon.

14 Carat Gold in kenya

Jewelry made from solid gold, such as 14k gold, is excellent for everyday wear.

It is generally believed that about 58% of the gold is contained in an alloy created from 14k gold.

A stronger metal alloy is created by adding nickel, copper, and silver to 14k gold instead of just gold alone.

Gold Carats Historical Prices

Studying historical gold prices is one of the best ways to make accurate gold price predictions 

DATE	24k Price (KES)	22k Price (KES)	21k Price (KES)	18k Price (KES)	14k Price (KES)
8 December 2023	10022.455	9186.545	8767.935	7514.515	5848.155
7 December 2023	9923.955	9096.255	8681.755	7440.665	5790.675
6 December 2023	9918.195	9090.975	8676.725	7436.345	5787.315
5 December 2023	10015.915	9180.555	8762.215	7509.615	5844.335
4 December 2023	10225.915	9373.035	8945.925	7667.065	5966.865
3 December 2023	10142.165	9296.265	8872.655	7604.265	5917.995
2 December 2023	10202.545	9351.615	8925.475	7649.535	5953.235
1 December 2023	10059.755	9220.725	8800.555	7542.485	5869.915
30 November 2023	10070.785	9230.845	8810.215	7550.755	5876.355
29 November 2023	10087.865	9246.495	8825.155	7563.555	5886.315
28 November 2023	9868.375	9045.315	8633.145	7398.995	5758.245
27 November 2023	9823.935	9004.585	8594.265	7365.675	5732.315
26 November 2023	9781.475	8965.655	8557.115	7333.835	5707.535
25 November 2023	9856.085	9034.055	8622.395	7389.785	5751.075
24 November 2023	9767.085	8952.475	8544.525	7323.055	5699.145
23 November 2023	9779.525	8963.875	8555.405	7332.375	5706.405
22 November 2023	9804.225	8986.515	8577.015	7350.895	5720.815
21 November 2023	9729.105	8917.655	8511.305	7294.575	5676.985
20 November 2023	9658.765	8853.185	8449.765	7241.835	5635.945
19 November 2023	9650.165	8845.305	8442.245	7235.395	5630.925
18 November 2023	9650.165	8845.305	8442.245	7235.395	5630.925
17 November 2023	9716.205	8905.835	8500.015	7284.905	5669.455
16 November 2023	9596.675	8796.275	8395.445	7195.285	5599.715
15 November 2023	9621.345	8818.895	8417.035	7213.785	5614.105
14 November 2023	9517.795	8723.975	8326.445	7136.145	5553.685
13 November 2023	9482.155	8691.305	8295.265	7109.425	5532.895
12 November 2023	9456.735	8668.005	8273.025	7090.365	5518.055
11 November 2023	9456.605	8667.895	8272.915	7090.265	5517.985
10 November 2023	9546.115	8749.935	8351.215	7157.375	5570.215

Gold Price in Other Countries

Check out gold price in other featured countries from the list below

Disclaimer:

The gold prices in the table depend on the international market value; they may fluctuate based on the Kenyan market. It depends on the source how often prices are updated, but most of them are updated every fifteen minutes.

Furthermore, you should double-check prices at certain physical stores.

JewellsMark does not take responsibility for gold prices on the international market.