Gold price in South Africa in 2025
gram of 24k. Monthly averages of the daily reference fixings.
- Average of the months shown
- 2,160.43 ZAR
- Highest month
- 2,330.35 ZAR
- Lowest month
- 1,928.54 ZAR
Shape of the year
| Month | Average | Low | High | Change | Trend |
|---|---|---|---|---|---|
| January | — not saved | ||||
| February | — not saved | ||||
| March | — not saved | ||||
| April | — not saved | ||||
| May | — not saved | ||||
| June | — not saved | ||||
| July | — not saved | ||||
| August | 1,928.54 | 1,920.55 | 1,936.52 | — | |
| September | 2,043.33 | 1,950.26 | 2,122.72 | +114.80 | |
| October | 2,245.62 | 2,130.02 | 2,383.73 | +202.29 | |
| November | 2,254.31 | 2,222.72 | 2,292.98 | +8.69 | |
| December | 2,330.35 | 2,289.31 | 2,395.41 | +76.04 |
Daily reference fixing: a blend of central-bank fixings taken at different hours of the day, converted at the rate of the same day. It is not a market close and can differ from the live figure at the top of the page.
Reading a year of monthly gold averages
Monthly averages for gold in South Africa smooth out the daily noise, so a single figure stands for a whole month of trading. That is useful for spotting the general direction, but it hides plenty. A calm month and a wild month can land on the same average, even though the experience of buying or selling inside them was completely different.
A low average and a high average differ because the world price moved, the rand moved, or both. Gold is priced abroad in another currency, so the local figure reflects the exchange rate as much as the metal itself.
- Early months may be missing when a series starts partway through the year, or when data was not yet collected.
- Gaps can also appear when a month had too little trading to produce a reliable average.
- Treat each figure as metal value calculated from the world price, not a shop quote.
How we calculate
We do not collect dealers’ prices. Every figure is worked out from the world price, the same way, on every page.
world price per troy ounce÷grams in an ounce×dollar rate×purity×grams in the unit
- World priceSpot gold in US dollars from an aggregated feed 1, recalculated every 10 minutes while the market is open.
- RateThe ZAR rate from central-bank reference data 2. It is a market reference rate, not an official fixing of your central bank.
- Purity and weightFixed constants with their source: see the unit pages. 22k counts as 916 parts gold in 1000.
- WeekendsNo trading, no recalculation: the last price before the close stays, marked “market closed”.
- HistoryThe history and the chart use one series only: daily reference fixings, converted at the rate of the same day. We never join them to the live figure.
Why a jeweller’s price is different
Shops add a making charge and their margin, and buy back for less than they sell. Our figure is the metal alone: the floor of a fair price, not the shop price.
Sources
Every figure on this site points here by its number.
- 1Price feedWorld spot price of gold and silver, aggregated feedthe world price, every 10 minutes while the market is open
- 2Central banksFrankfurter — central-bank reference ratesUSD → ZAR, updated daily; also the daily history
- 3StandardUnits of weight and finenessgrams in an ounce and in a gram