Gold Price in Zambia | Recent 24k, 21k Rates – 2023

24 Carat Gold Price In Zambia:
566395.22 (ZMK) Per Gram

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Gold price in Zambia in the local currency ZMK & ZMW for the gold coins, bars and jewells / ornaments is presented in this guide. It may be interesting to discover how much gold is worth in Zambian Kwacha (ZMK) or Zambian Kwacha (ZMW) assets.

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 Zambia’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 Zambia Per Gram, Kilo, Ounce

Various gold prices in Zambia 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: Zambia’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 Zambia are traditionally marked by gold jewelry. Gold jewelry features heavily in Zambian 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 Zambian Kwacha (ZMK) & (ZMW) 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 Zambia.

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Gold Measurements

In Zambia, 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 Zambia | 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 Zambia 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 Zambia, is one of Zambia’s most important sources of information regarding gold prices.

Gold Carats In Zambia

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

There are six types of hallmarked gold sold in Zambia 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 (ZMK)	22k Price (ZMK)	21k Price (ZMK)	18k Price (ZMK)	14k Price (ZMK)
29 May 2023	563089.3	516123.8	492604.2	422181.4	328557
28 May 2023	563089.3	516123.8	492604.2	422181.4	328557
27 May 2023	563089.3	516123.8	492604.2	422181.4	328557
26 May 2023	564187	517129.9	493564.5	423004.3	329197.5
25 May 2023	566395.2	519153.9	495496.2	424659.9	330485.9
24 May 2023	571991.9	524283.8	500392.4	428856.2	333751.6
23 May 2023	567505.7	520171.8	496467.8	425492.6	331134
22 May 2023	571991.9	524283.8	500392.4	428856.2	333751.6
21 May 2023	571991.9	524283.8	500392.4	428856.2	333751.6
20 May 2023	571991.9	524283.8	500392.4	428856.2	333751.6
19 May 2023	567505.7	520171.8	496467.8	425492.6	331134
18 May 2023	573124.6	525322	501383.3	429705.4	334412.5
17 May 2023	576549.6	528461.4	504379.6	432273.4	336411
16 May 2023	583524	534854.1	510481	437502.5	340480.5
15 May 2023	583524	534854.1	510481	437502.5	340480.5
14 May 2023	582349.9	533777.9	509453.9	436622.2	339795.4
13 May 2023	582349.9	533777.9	509453.9	436622.2	339795.4
12 May 2023	582349.3	533777.3	509453.3	436621.7	339795
11 May 2023	588267.4	539201.9	514630.7	441058.9	343248.2
10 May 2023	588268.1	539202.4	514631.2	441059.4	343248.6
9 May 2023	585886.5	537019.5	512547.7	439273.7	341858.9
8 May 2023	585887.8	537020.6	512548.8	439274.7	341859.7
7 May 2023	583524	534854.1	510481	437502.5	340480.5
6 May 2023	583524	534854.1	510481	437502.5	340480.5
5 May 2023	593089.3	543621.6	518849	444674.1	346061.7
4 May 2023	591877.1	542510.4	517788.5	443765.3	345354.4
3 May 2023	583523.4	534853.5	510480.4	437502	340480.1
2 May 2023	573124.6	525322	501383.3	429705.4	334412.5
1 May 2023	574261.7	526364.3	502378.1	430558	335076

Gold Price in Other Countries

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

Disclaimer:

Gold prices in Zambia 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.