Gold Spot Price (gold/ZAR)
ZAR 73,003.61
per troy ounce
Gold & Silver
1 oz
ZAR 73,003.61
1 gr
ZAR 2,347.12
1 kg
ZAR 2,347,118.79
Prev Close
ZAR 73,170.40
Open
ZAR 73,003.61
Day High
ZAR 73,618.59
Day Low
ZAR 72,131.44
1 oz
ZAR 1,206.10
1 gr
ZAR 38.78
1 kg
ZAR 38,777.01
Prev Close
ZAR 1,224.83
Open
ZAR 1,206.10
Day High
ZAR 1,224.02
Day Low
ZAR 1,181.35
Current Situation
Gold prices rose nearly 1% on June 4 after an Israel-Lebanon ceasefire deal eased Middle East tensions, though gains remain limited by expectations of higher U.S. interest rates.
Key Drivers
- The ceasefire reduced immediate geopolitical risk, supporting a modest recovery in gold.
- Bets on U.S. rate hikes, fueled by strong jobs data and energy inflation, continue to weigh on prices.
- A stronger dollar and shifting oil prices are adding further downward pressure.
Short-Term Outlook (1-7 days)
Near-term sentiment stays bearish, with prices holding below the 21-day moving average and facing resistance around $4,480–$4,485. Direction will likely hinge on the upcoming U.S. jobs report.
Long-Term Outlook (1-3 months)
Broader trends remain mixed. Persistent rate-hike expectations and a firm dollar could cap gains, while any renewed geopolitical flare-ups may provide support.
What to Watch
- U.S. employment data and its impact on Federal Reserve policy expectations.
- Developments in Iran-related tensions and any risks to oil transit through the Strait of Hormuz.
Current price: ZAR 73,003.61/ troy oz
| Period | Start Price | Change | Change (%) | Trend |
|---|---|---|---|---|
| Today | ZAR 73,003.61 | -ZAR 166.79 | -0.23% | |
| 1 Week | ZAR 73,272.38 | -ZAR 268.77 | -0.37% | |
| 1 Month | ZAR 73,687.31 | -ZAR 683.70 | -0.93% | |
| 3 Months | ZAR 84,200.85 | -ZAR 11,197.24 | -13.30% | |
| 6 Months | ZAR 69,176.72 | +ZAR 3,826.89 | +5.53% | |
| 1 Year | ZAR 55,419.63 | +ZAR 17,583.98 | +31.73% | |
| Since 2026 | ZAR 71,109.52 | +ZAR 1,894.09 | +2.66% | |
| Since 2025 | ZAR 43,514.65 | +ZAR 29,488.96 | +67.77% | |
| Since 2024 | ZAR 33,804.15 | +ZAR 39,199.46 | +115.96% | |
| Since 2023 | ZAR 30,098.31 | +ZAR 42,905.30 | +142.55% | |
| Since 2022 | ZAR 29,348.34 | +ZAR 43,655.27 | +148.75% |
Market Summary
| Metal | Price | Prev Close | High | Low | Change |
|---|---|---|---|---|---|
Gold (XAU) | ZAR 73,003.61 | ZAR 73,170.40 | ZAR 73,618.59 | ZAR 72,131.44 | Today -166.79 (-0.23%) |
Silver (XAG) | ZAR 1,206.10 | ZAR 1,224.83 | ZAR 1,224.02 | ZAR 1,181.35 | Today -18.72 (-1.53%) |