Gold Price in Uganda | Today’s Latest Rates – 2023

24 Carat Gold Price In Uganda:
0.906 (UGX) Per Gram

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If you’re looking for added security and peace of mind in uncertain times, gold can be a sensible and worthwhile investment. It will be important to understand the gold price in Uganda before implementing this plan.

Having said that, it’s reasonable to be concerned about price before you make a purchase.

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

Testing and hallmarking of Uganda’s gold has ensured its high quality, so there is no risk of it not meeting international standards.

 Checking your preferred gold price chart can also be a useful method of keeping up with gold prices around the world.

Your knowledge of how gold prices are trending and which countries have the lowest gold prices will be greatly enhanced.

Gold Price In Uganda Per Gram, Kilo, Ounce

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

The infographics below will demonstrate the purity, usage, charts and some other parameters that are discussed in this guide.

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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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Do some research about price

Monitor the price changes very frequently. If you find that an item’s price has dropped just a little, you can consider purchasing it within two to three days.

Different jewelry shops sell gold at different prices, depending on the jewelry items, design, and target audience.

Prices 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 Vori, per Aana, and per ounce in the table below.

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Gold Measurements

In Uganda, 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 in Uganda | Calculator

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

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Gold Color Types

Usually gold is categorized as per color in three categories, Rose gold, White gold and very common yet desirable Yellow type golden color.

 It is sometimes assumed that gold is only yellow in color, but that isn’t the case.

As the purest type of gold, yellow gold is easy to manipulate, and it can also be resized in the future. It is said to look attractive on anyone, but especially those with olive skin tones.

The luster of white gold can last for many years without having to be reapplied to maintain its luster. White gold can be scratched and dented less easily, but it needs to be polished and occasionally dipped.

Since Rose gold is the most durable of the three colors, it has become increasingly popular over the past several years.

Gold Buying Tips

• Gold that is 24kt in purity is 99.9% pure while gold that is 22kt, 18kt, or 14kt is less pure.
• Gold investors who do not ensure purity would be committing a grave mistake.
• Another way to identify purity is by having a piece of jewellery hallmarked.
• First, purchasing gold of the right weight should be the first step.

Gold Investment in Uganda

Because gold has a lower opportunity cost when interest rates decline, gold prices rise. In an era of large money supply, central banks lower interest rates and lend more money.

Additionally, gold mutual funds can be used to invest in gold, which provide exposure to gold without requiring physical possession of the metal.

Whether one holds onto gold coins and bars in order to profit from future price increases, or sells them in order to generate profits, depends on the circumstances.

Who Decides Gold Rate In Uganda

Multiple banks and a committee of internal and external chairman members work together to establish spot and fixed gold futures prices based on supply and demand.

Gold rates are determined by associations every day. Everywhere in the country, the rates are the same.

Global markets affect the Federation, as reported by the Association.

Gold Carats In Uganda

Gold is loved by almost everyone, but not everyone knows the difference between types of gold, or if the gold they own is genuine.

The quality of gold is often associated with the look. Gold differs from other materials due to certain factors, which can indicate its quality, strengths, and weaknesses.

You can use the guide if you’re buying gold, selling gold, or accessorizing with gold.

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

There are six types of hallmarked gold sold in Uganda 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

Since the 24k gold is soft and can bend easily, it is not used as much in jewelry as one might expect.

As a result, it is unsuitable for everyday jewelry, including engagement rings and bracelets.
You are more likely to find coins, bars, electronic devices, and medical devices that are made of 24k gold compared to jewelry pieces.

24k gold is used for medical devices, electronic devices, coins, and jewelry for special occasions. 

22 carat gold

The weakened form of gold can be turned into gold jewellery. Mixing several metals, such as silver and nickel, improves the strength and adds impurities to the mixture.

This gold does not have the bright yellow color of 24-karat gold, as it has been slightly tainted with impurities.

There is exactly 22 parts gold and the remaining 2 parts are the impurities.

18 Carat Gold

Its composition is 75% gold and 25% other alloys or metals. An 18k gold piece of jewelry may be a good option for someone who wants a piece made completely of gold, but is aware of their budget.

Because 18k gold is less mixed metals and alloys, it may be more hypoallergenic for people with extremely sensitive skin than 10k or 14k gold.

The strength and efficiency of 18k gold make it perfect for daily use in engagement rings, wedding bands, bracelets, earrings, necklaces, and earrings. 

10 Carat Gold

In spite of the least purity of gold, 10k gold is the most affordable and most durable gold you can buy.

A 10k gold ornament would be appealing to someone working in an environment in which jewelry is at risk of being damaged.

The carpenter might wear a jewelry item, such as a 10k gold wedding band, so that they do not scratch each other during the day.

Maybe the engineer needs a wedding band that can withstand washing his hands several times during the day. In addition to earrings, necklaces, and bracelets, 10k gold is often used in jewelry.

Historical Prices for All Gold Carats

Making accurate gold price predictions requires the study of historical gold price in Uganda

DATE	24k Price (UGX)	22k Price (UGX)	21k Price (UGX)	18k Price (UGX)	14k Price (UGX)
8 December 2023	246261.22	225721.37	215435.37	184636.75	143691.21
7 December 2023	245947.68	225433.98	215161.08	184401.66	143508.26
6 December 2023	247146.86	226533.15	216210.15	185300.76	144207.98
5 December 2023	248713.32	227968.95	217580.52	186475.23	145121.99
4 December 2023	255316.33	234021.22	223357	191425.89	148974.78
3 December 2023	253224.55	232103.91	221527.06	189857.57	147754.25
2 December 2023	253235.2	232113.67	221536.38	189865.55	147760.46
1 December 2023	250698.34	229788.41	219317.07	187963.52	146280.23
30 November 2023	251245.87	230290.27	219796.07	188374.03	146599.71
29 November 2023	249401.21	228599.47	218182.31	186990.98	145523.37
28 November 2023	246112.46	225585.02	215305.23	184525.21	143604.41
27 November 2023	244852.55	224430.2	214203.04	183580.59	142869.27
26 November 2023	243793.19	223459.2	213276.28	182786.32	142251.15
25 November 2023	244440.79	224052.78	213842.82	183271.87	142629.01
24 November 2023	243475.14	223167.67	212998.04	182547.86	142065.56
23 November 2023	243171.07	222888.96	212732.04	182319.88	141888.14
22 November 2023	244128.12	223766.18	213569.28	183037.43	142446.57
21 November 2023	241380.63	221247.86	211165.71	180977.48	140843.44
20 November 2023	239726.37	219731.58	209718.53	179737.19	139878.2
19 November 2023	239481.23	219506.88	209504.07	179553.39	139735.16
18 November 2023	239481.23	219506.88	209504.07	179553.39	139735.16
17 November 2023	241132.85	221020.74	210948.95	180791.7	140698.86
16 November 2023	239137.68	219191.99	209203.53	179295.81	139534.7
15 November 2023	235435.13	215798.25	205964.45	176519.79	137374.3
14 November 2023	236204.46	216503.42	206637.47	177096.6	137823.2
13 November 2023	234700.09	215124.52	205321.42	175968.69	136945.41
12 November 2023	234069.46	214546.49	204769.72	175495.86	136577.45
11 November 2023	234862.1	215273.02	205463.15	176090.15	137039.94
10 November 2023	237033.04	217262.89	207362.33	177717.83	138306.66

Gold Price in Other Countries:

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

Best gold shops in Uganda:

Spot Price Gold

Address: 8H7J+CXX, Kampala, Uganda

Phone: +256 712 924378

Radha Jewellers

Address: Sheraton Hotel Kampala, Uganda

Phone: +256 712 708090

Jit Jewellers

Address: Kampala road Opp diamond trust bank, Uganda

Phone: +256 758 955505

Signature Jewellery

Address: G-13, Universal House, next to mm Plaza, luwum street, Kampala, Uganda

Phone: +256 780 330963

Disclaimer:

According to the table, the gold prices reflect the international market value; however, the Uganda market is subject to fluctuations.

The frequency of prices being updated varies among sources, but most are updated every 15 minutes.

Furthermore, you should double-check the prices at some physical stores.

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