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Ounce Tally SponsoredExness

Gold price in South Africa in 2026

gram of 24k. Monthly averages of the daily reference fixings.

Average of the months shown
2,370.34 ZAR
Highest month
2,626.39 ZAR
Lowest month
2,149.30 ZAR

Shape of the year

MonthAverageLowHighChangeTrend
January2,461.722,302.852,730.12—
February2,571.442,472.032,650.31+109.72
March2,626.392,410.092,766.77+54.95
April2,509.802,447.372,547.14−116.58
May2,429.802,337.112,485.81−80.01
June2,235.892,114.722,349.86−193.91
July2,149.302,109.632,194.44−86.59
August2,279.302,141.742,379.77+130.00
September2,253.422,184.232,305.47−25.87
October2,186.342,140.912,224.65−67.08
November— no trading day yet
December— not reached

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.

Monthly averages smooth out the daily noise, so a chart of averages shows the trend rather than the swings. What averages hide is the spread within each month: a calm average can sit between a sharp spike and a deep dip that cancel out. When you compare a low month with a high month, the gap reflects both the world price and the rand exchange rate, since local metal value moves with both. A low average often follows a stronger rand or softer world demand, while a high average can come from currency weakness as much as from metal strength. Early months of a series may be missing because the data provider had not yet settled its reference prices, or because the rand fix was not published for part of that period. Treat every figure on the page 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

  1. World priceSpot gold in US dollars from an aggregated feed 1, recalculated every 10 minutes while the market is open.
  2. RateThe ZAR rate from central-bank reference data 2. It is a market reference rate, not an official fixing of your central bank.
  3. Purity and weightFixed constants with their source: see the unit pages. 22k counts as 916 parts gold in 1000.
  4. WeekendsNo trading, no recalculation: the last price before the close stays, marked “market closed”.
  5. 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.

  1. 1Price feedWorld spot price of gold and silver, aggregated feedthe world price, every 10 minutes while the market is open
  2. 2Central banksFrankfurter — central-bank reference ratesUSD → ZAR, updated daily; also the daily history
  3. 3StandardUnits of weight and finenessgrams in an ounce and in a gram