Old Gold Rate Today? Cheaper And More Affordable In Kampala!
Could you be wondering what the gold rate today in Kampala is? Well, in this post, we will focus on some of the factors that affect and approximate the price of gold. Just like any other world asset, gold is sold in daily gold markets across the world. Gold’s price drivers are mixed together and are very numerous. Fundamentally, political turmoil and events that shake the market tend to drive the price of the precious metal up. In addition, the price of gold and those of other assets are correlated. In order to illustrate this point, let’s give an example. Since the gold trade is conducted in dollars, a slight rise in the value of the metal will bring its price down. This means it will cost less to buy an ounce of gold.
But, what is the exact Kampala gold rate today?
As a precious metal, the gold rate today is based on a per gram estimation. In this case, its pureness also comes into play, measured in karats on a scale that sets the purest gold in the world at 24 carats. Based on this, it is possible to establish the gold rate today. In general, it ranges from a maximum of $57.42 per gram of the 24karat gold. The 18 karat gold goes at $43.07 (quotations available at the time of writing.) In this range, you can almost certainly find your Kampala gold rate today.
However, there is also black-market gold sold in Kampala
Black market gold is sourced from the Democratic Republic of Congo, especially from the war-torn regions of Eastern DRC. In this case, you can even negotiate the price of gold with the sellers. Usually, the 24k gold goes at the rate of $40.01 while the 18k sells for as low as $35.06 9per gram of the gold.) This makes the Kampala gold rate today the most affordable in the whole of East Africa.
Come to Kampala if you want to buy this gold. Alternatively, you can also buy online
We are a gold trading entity with a wide footprint in the East African region. Our company sells gold bars, gold ingots, raw physical gold, and gold dust. We also operate branches across the East African Cities: Kampala, Nairobi, Darussalam, and Kinshasa. Contact us now for a chance to buy gold at below the gold rate today.