Gold Price in Kenya | Daily Updates – 2023

24 Carat Gold Price In Kenya:
8790.405 (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)
29 May 2023	8580.857	7865.177	7506.767	6433.627	5006.937
28 May 2023	8654.987	7933.117	7571.617	6489.207	5050.187
27 May 2023	8654.987	7933.117	7571.617	6489.207	5050.187
26 May 2023	8668.977	7945.937	7583.857	6499.697	5058.347
25 May 2023	8699.507	7973.927	7610.567	6522.587	5076.167
24 May 2023	8769.587	8038.157	7671.867	6575.127	5117.047
23 May 2023	8685.037	7960.667	7597.907	6511.737	5067.727
22 May 2023	8736.987	8008.277	7643.347	6550.687	5098.027
21 May 2023	8747.337	8017.767	7652.417	6558.447	5104.077
20 May 2023	8747.337	8017.767	7652.417	6558.447	5104.077
19 May 2023	8672.437	7949.107	7586.877	6502.287	5060.367
18 May 2023	8748.867	8019.177	7653.747	6559.597	5104.967
17 May 2023	8788.157	8055.177	7688.117	6589.047	5127.887
16 May 2023	8888.167	8146.857	7775.617	6664.037	5186.247
15 May 2023	8881.557	8140.787	7769.827	6659.077	5182.387
14 May 2023	8706.927	7980.727	7617.057	6528.147	5080.497
13 May 2023	8863.687	8124.407	7754.197	6645.687	5171.957
12 May 2023	8857.347	8118.597	7748.647	6640.927	5168.257
11 May 2023	8934.027	8188.887	7815.727	6698.417	5213.007
10 May 2023	8934.087	8188.947	7815.787	6698.467	5213.037
9 May 2023	8833.547	8096.787	7727.827	6623.087	5154.377
8 May 2023	8881.717	8140.937	7769.967	6659.197	5182.477
7 May 2023	8849.407	8111.317	7741.697	6634.977	5163.627
6 May 2023	8849.407	8111.317	7741.697	6634.977	5163.627
5 May 2023	8967.917	8219.947	7845.377	6723.827	5232.777
4 May 2023	8965.957	8218.147	7843.657	6722.357	5231.627
3 May 2023	8826.457	8090.287	7721.627	6617.767	5150.237
2 May 2023	8659.607	7937.347	7575.657	6492.667	5052.877
1 May 2023	8676.787	7953.097	7590.687	6505.547	5062.907

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.