Gold Price in Kenya | Daily Updates – 2023

24 Carat Gold Price In Kenya:
7515.436 (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)
07 February	7538.942	6910.202	6595.342	5652.572	4399.202
06 February	7526.542	6898.832	6584.492	5643.272	4391.962
05 February	7547.942	6918.452	6603.212	5659.322	4404.452
04 February	7484.412	6860.222	6547.642	5611.692	4367.382
03 February	7682.232	7041.542	6720.692	5760.002	4482.812
01 February	7696.092	7054.242	6732.822	5770.392	4490.892
31 January	7708.512	7065.632	6743.692	5779.712	4498.142
30 January	7742.032	7096.352	6773.002	5804.842	4517.702
29 January	7711.642	7068.492	6746.422	5782.052	4499.972
28 January	7710.962	7067.872	6745.822	5781.542	4499.572
27 January	7696.752	7054.852	6733.392	5770.892	4491.282
26 January	7779.642	7130.822	6805.912	5833.042	4539.642
25 January	7683.082	7042.322	6721.432	5760.642	4483.302
24 January	7721.442	7077.482	6755.002	5789.402	4505.692
23 January	7660.422	7021.542	6701.612	5743.652	4470.082
22 January	7689.522	7048.222	6727.072	5765.472	4487.062
21 January	7689.522	7048.222	6727.072	5765.472	4487.062
20 January	7674.302	7034.272	6713.762	5754.062	4478.182
19 January	7631.252	6994.812	6676.092	5721.782	4453.062
18 January	7594.522	6961.152	6643.962	5694.242	4431.632
17 January	7624.942	6989.022	6670.572	5717.052	4449.382
16 January	7644.332	7006.802	6687.542	5731.592	4460.692
15 January	7618.592	6983.212	6665.022	5712.292	4445.672
14 January	7650.502	7012.462	6692.932	5736.212	4464.292
13 January	7546.222	6916.872	6601.712	5658.032	4403.452
12 January	7488.272	6863.762	6551.012	5614.582	4369.632
11 January	7480.242	6856.402	6543.992	5608.562	4364.952
10 January	7442.952	6822.222	6511.372	5580.602	4343.192
09 January	7457.102	6835.192	6523.742	5591.212	4351.442

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.