Gold Price in Taiwan | Latest 24 carat Rates – 2023

24 Carat Gold Price In Taiwan:
1988 (TWD) Per Gram

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You will see the gold price in Taiwan in the local currency. Additionally, gold rate in other currency around the globe, such as US Dollars, Japanese Yen, euros or Great British Pounds can be also be checked from here.

This article provides current gold prices in Taiwan for 24 karat gold and 22 karat gold, as well as a comparison between the two.

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

As Taiwan’s economy continues to grow, gold demand is potentially expected to increase for a range of purposes, including for investment and for industrial uses.

In addition to gold bars and gold coins, collectibles and jewelry can be purchased as investments in the metal

Gold Price In Taiwan Per Gram, Kilo, Ounce

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

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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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gold price in Taiwan depends upon these Parameters

• Demand Supply Rule Of Business: Demand and supply determine the gold price in Taiwan. Taiwan’s low supply and high demand will eventually drive the price of gold up.
• Gold Price Relation with Interest Rate: Interest rates are inversely proportional to gold prices. Interest rate increases are always followed by a drop in gold prices, which in turn leads to a drop in gold purchasing.
• Ornaments: In Taiwan, gold jewellery is heavily adorned during weddings and other festivities. Especially among the traditional settings, gold jewelry is quite common.
• Exchange Rates Dependency: On international markets, gold is traded using dollars. For calculations of import prices, the exchange rate of USD (US Dollar) to TWD (Taiwan Dollar) is used. A third thing to keep in mind is that USD prices fluctuate, which will affect the overall cost in TWD.

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 Taiwan.

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Gold Measurements

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

• 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 in Taiwan | 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

1. It is advisable to purchase 24k for investing purposes.
2. Check gold purity before purchasing ornaments made of 22k, 21k, or 18k gold.
3. Besides daily fluctuations, gold prices vary by location. We have listed the 22-carat gold rate today in Taiwan.
4. Pure gold is certified by the Taiwan Bureau of Standards. Approximately 91.6 grams of pure gold are contained in every 100 grams of gold, known as 916 gold.
5. Also, there is an additional charge over the gold price. This is usually 15 percent of the gold price today.

Buy Digital Gold

It is easy to purchase digital gold for as little as one unit, since it is immediately available.

It is now possible to purchase gold online using the gold rate in Taiwan or even to convert the gold into physical gold on demand.

In the case of digital gold units, one digital gold gram is equal to one digital gold unit.

Digital lockers will be used to store the gold until it is cashed out. Whether you wish to convert it into physical gold or keep it as a digital asset is up to you.

Gold Investment | Jewellery

Physical gold is well known to most people. This type of gold is commonly referred to as tangible. It can be found, for instance, in jewelry, coins, and bars.

Gold can also be invested in ETFs (exchange-traded funds). The demand for these funds has decreased over the last two years. You can save gold and accumulate it in an insured gold locker with a deposit.

If you desire physical gold, you can have coins or gold bars delivered to your door.

Gold Rates issuing authority

The gold price in the gold futures derivative markets is calculated by an outside panel of experts, along with several banks and an oversight committee. This panel provides average values for both the spot and fixed price of gold.
LBT, or Land Bank of Taiwan, is one of Taiwan’s most important sources of information regarding gold prices.

Gold Carats Price In Taiwan

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

There are six types of hallmarked gold sold in Taiwan 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)

24 Carat Gold

Generally speaking, 24 carat gold is pure gold and 99.9% pure without any additional metals.

It is made up of 24 carat gold, which is used to make coins, bars, and other gold products.

Pure 999 as known as 24 karat gold is also found in gold bars, coins, electronics circuits, and medical industry.

A gold’s purity can also be evaluated in different ways in relation to its 24 carat weight.

22 carat gold

By understanding 24K gold, it is now easy to realize the value of 22K gold, which is the material you use to create your eye-catching jewellery.

Several metals are mixed with gold to form this 22k gold. Gold with this composition is harder than gold with a 24 Karat composition.

18 Carat Gold

75% of this composition is gold, while 25% consists of other alloys or metals.

If you want a piece made completely of gold but are on a budget, opt for 18k gold jewelry.

With regards to engagement rings, wedding bands, bracelets, necklaces, earrings, and other jewelry, 18-carat gold is a highly durable and reliable material.

Historical Prices for All Gold Carats

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

DATE	24k Price (TWD)	22k Price (TWD)	21k Price (TWD)	18k Price (TWD)	14k Price (TWD)
23 September 2023	1992.4	1826.3	1743.1	1493.9	1162.7
22 September 2023	1988.8	1823	1739.9	1491.2	1160.6
21 September 2023	1994	1827.7	1744.4	1495.1	1163.6
20 September 2023	1991	1824.9	1741.8	1492.8	1161.8
19 September 2023	1988.7	1822.8	1739.8	1491.1	1160.5
18 September 2023	1978.2	1813.2	1730.6	1483.3	1154.4
17 September 2023	1972.4	1807.9	1725.5	1478.9	1151
16 September 2023	1972.4	1807.9	1725.5	1478.9	1151
15 September 2023	1968.7	1804.5	1722.3	1476.1	1148.9
14 September 2023	1955.9	1792.8	1711.1	1466.6	1141.4
13 September 2023	1966.2	1802.2	1720.1	1474.2	1147.4
12 September 2023	1980.1	1814.9	1732.2	1484.6	1155.5
11 September 2023	1984.4	1818.9	1736	1487.9	1158
10 September 2023	1980.8	1815.6	1732.9	1485.2	1155.9
9 September 2023	1980.8	1815.6	1732.9	1485.2	1155.9
8 September 2023	1987.5	1821.7	1738.7	1490.2	1159.8
7 September 2023	1976.2	1811.4	1728.9	1481.8	1153.2
6 September 2023	1980	1814.9	1732.2	1484.6	1155.5
5 September 2023	1988.8	1823	1739.9	1491.2	1160.6
4 September 2023	1995.9	1829.5	1746.1	1496.6	1164.7
3 September 2023	1986.8	1821.1	1738.2	1489.7	1159.4
2 September 2023	1990.7	1824.7	1741.5	1492.6	1161.7
1 September 2023	1984.4	1818.9	1736.1	1487.9	1158
31 August 2023	1995.1	1828.7	1745.4	1495.9	1164.3
30 August 2023	1985.9	1820.3	1737.3	1489	1158.9
29 August 2023	1972.7	1808.2	1725.8	1479.1	1151.2
28 August 2023	1962	1798.4	1716.5	1471.1	1145
27 August 2023	1960.8	1797.3	1715.4	1470.2	1144.3
26 August 2023	1960.8	1797.3	1715.4	1470.2	1144.3

Gold Price in Other Countries

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

Disclaimer:

The gold market in Taiwan is affected by numerous factors; therefore, the prices are not representative of the prices on the international market.

Most sources update prices every 15 minutes, but some update every five minutes.

In addition to checking prices online, you may also want to check prices in a few physical stores.

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