Gold Price In Senegal | Live Updated Rates – 2023

24 Carat Gold Price In Senegal:
0.32 (XOF) Per Gram

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This guide presents the gold price in Senegal for gold coins, bars and jewels / ornaments in the local currency XOF. We may find it interesting to discover how much gold is worth in West African CFA Franc (XOF).

Following is the table of latest prices as per measuring units of Gold.

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

With Senegal’s economic growth, gold demand is expected to rise, both for industrial and investment purposes.

Along with gold bars, coins, and other jewelry items prices can be calculated with the help of these updated gold rates.

Gold Price In Senegal Per Gram, Kilo, Ounce

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

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Changes in gold prices depends upon these Parameters

Supply and Demand: Senegal’s gold price will eventually increase due to a low supply and high demand.

Relation with Interest Rate: As interest rates increase and gold purchases decrease, the price of gold will decrease.

Ornaments: Weddings and other special occasions in Senegal are traditionally marked by gold jewelry. Gold jewelry features heavily in Senegal weddings and parties.

Dollar to Local Currency Conversion: US dollars are used to price gold on international markets.

Whenever we calculate import prices, we take the exchange rate between the United States Dollar (USD) & the West African CFA Franc (XOF) into consideration.

Rates for Gold Carats

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 Tola, per Aana, and per ounce in the table below, to know more about gold price in Senegal.

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Gold Measurements

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

• 1 Tola = 11.66 grams
• 1 Ounce = 31.1034 grams
• 1 Kilograms = 1000 grams
• 1 troy ounce = 31.1034768 grams

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

Gold Price in Senegal | Calculator

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

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Things to keep in mind before making a purchase

• If you plan to buy 22k, 21k, or 18k gold ornaments, make sure they are pure.
• Not only does gold price change daily, but it also varies by location. Listed below is the 22-karat gold price in Senegal today.
• Across the globe, gold purity standards vary widely from country to country.
• One gram of pure gold equals 91.66 grams in 100 grams of gold, which is 916 grams of gold.
• The making costs of gold ornaments are also charged by jewelers. A jewellery maker’s charge for gold is typically 15 percent of the current price.

Gold Rates issuing authority

A variety of factors affect gold’s value. Several authorities determine the spot gold price, such as the government, the Central Bank, and some jewelers’ associations.

National Bank of Senegal BCEAO, is one of Senegal’s most important sources of information regarding gold prices.

Gold Carats In Senegal

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

There are six types of hallmarked gold sold in Senegal jewelry stores:

• 375 hallmarked gold (9 carat gold)
• 585 hallmarked gold (14 carat gold)
• 750 hallmarked gold (18 carat gold)
• 875 hallmarked gold (21 carat gold)
• 916 hallmarked gold (22 carat gold)
• 958 hallmarked gold (23 carat gold)
• 999 hallmarked gold (24 carat gold)

Historical Prices for All Gold Carats

Making accurate gold price predictions requires the study of historical gold prices 

DATE	24k Price (XOF)	22k Price (XOF)	21k Price (XOF)	18k Price (XOF)	14k Price (XOF)
8 December 2023	39740.8	36426.2	34766.3	29796.2	23188.7
7 December 2023	39649.5	36342.6	34686.5	29727.8	23135.5
6 December 2023	39483.8	36190.7	34541.5	29603.6	23038.8
5 December 2023	39551.2	36252.4	34600.4	29654.1	23078.1
4 December 2023	40415.4	37044.6	35356.5	30302.1	23582.4
3 December 2023	40084	36740.8	35066.6	30053.6	23389
2 December 2023	40010.9	36673.8	35002.6	29998.7	23346.3
1 December 2023	39176.8	35909.3	34272.9	29373.4	22859.7
30 November 2023	39325.1	36045.2	34402.7	29484.6	22946.2
29 November 2023	39270.3	35995	34354.8	29443.5	22914.3
28 November 2023	38864.8	35623.3	34000	29139.5	22677.7
27 November 2023	38762.8	35529.8	33910.8	29063	22618.1
26 November 2023	38600.4	35380.9	33768.7	28941.2	22523.3
25 November 2023	38696	35468.6	33852.3	29012.9	22579.1
24 November 2023	38541.1	35326.6	33716.8	28896.8	22488.8
23 November 2023	38641.8	35418.9	33804.9	28972.3	22547.5
22 November 2023	38652.4	35428.6	33814.2	28980.2	22553.7
21 November 2023	38366.8	35166.8	33564.3	28766.1	22387
20 November 2023	38289	35095.5	33496.3	28707.8	22341.6
19 November 2023	38250.1	35059.8	33462.2	28678.6	22319
18 November 2023	38250.1	35059.8	33462.2	28678.6	22319
17 November 2023	38555.5	35339.8	33729.4	28907.6	22497.1
16 November 2023	38138.8	34957.8	33364.8	28595.1	22254
15 November 2023	38190.3	35005	33409.9	28633.8	22284.1
14 November 2023	38355.6	35156.5	33554.5	28757.7	22380.5
13 November 2023	38250.2	35059.9	33462.3	28678.6	22319
12 November 2023	38147.3	34965.7	33372.3	28601.6	22259
11 November 2023	38169	34985.5	33391.3	28617.8	22271.6
10 November 2023	38679.4	35453.4	33837.8	29000.5	22569.5

Gold Price in Other Countries

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

Disclaimer:

Gold prices in Senegal are not consistently reflected in international markets due to several factors.

Most sources update their prices every 15 minutes, but there are some that update every five minutes.

JewellsMark, neither controls nor is responsible for the international gold price.