Gold Price In Senegal | Live Updated Rates – 2023

24 Carat Gold Price In Senegal:
38950.11 (XOF) Per Gram

---

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.).

---

---

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.

---

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

---

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)
29 May 2023	38238.4	35049.2	33452	28669.8	22312.1
28 May 2023	38192.2	35006.7	33411.5	28635.1	22285.1
27 May 2023	38192.2	35006.7	33411.5	28635.1	22285.1
26 May 2023	38335.2	35137.8	33536.6	28742.3	22368.5
25 May 2023	38395.4	35193	33589.3	28787.5	22403.6
24 May 2023	38694.7	35467.3	33851.1	29011.9	22578.3
23 May 2023	38253.6	35063	33465.2	28681.2	22320.9
22 May 2023	38509.8	35297.9	33689.4	28873.3	22470.4
21 May 2023	38414.7	35210.7	33606.2	28802	22414.9
20 May 2023	38414.7	35210.7	33606.2	28802	22414.9
19 May 2023	38387.6	35185.9	33582.5	28781.7	22399.1
18 May 2023	38525.4	35312.2	33703	28885	22479.5
17 May 2023	38651.7	35428	33813.6	28979.7	22553.2
16 May 2023	39078.1	35818.8	34186.6	29299.4	22802
15 May 2023	39181.5	35913.5	34277	29376.8	22862.3
14 May 2023	38794.7	35559	33938.6	29086.8	22636.6
13 May 2023	38851.5	35611.1	33988.4	29129.5	22669.8
12 May 2023	38858.8	35617.8	33994.7	29134.9	22674
11 May 2023	39050.1	35793.1	34162.1	29278.4	22785.7
10 May 2023	39082.7	35823	34190.6	29302.8	22804.7
9 May 2023	38854	35613.4	33990.5	29131.3	22671.2
8 May 2023	38729.6	35499.3	33881.7	29038.1	22598.7
7 May 2023	38540.9	35326.4	33716.6	28896.6	22488.6
6 May 2023	38540.9	35326.4	33716.6	28896.6	22488.6
5 May 2023	39203.3	35933.5	34296.1	29393.2	22875
4 May 2023	38946.5	35698.1	34071.4	29200.7	22725.2
3 May 2023	38602	35382.4	33770	28942.4	22524.2
2 May 2023	37853.8	34696.6	33115.6	28381.5	22087.7
1 May 2023	38026.5	34854.9	33266.6	28510.9	22188.4

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.