Gold Spot Price (gold/ZAR)
ZAR 78,488.75
per troy ounce
Gold & Silver
1 oz
ZAR 78,488.75
1 gr
ZAR 2,523.47
1 kg
ZAR 2,523,469.88
Prev Close
ZAR 79,223.66
Open
ZAR 78,488.75
Day High
ZAR 79,185.86
Day Low
ZAR 77,674.80
1 oz
ZAR 1,299.54
1 gr
ZAR 41.78
1 kg
ZAR 41,781.15
Prev Close
ZAR 1,324.87
Open
ZAR 1,299.54
Day High
ZAR 1,324.50
Day Low
ZAR 1,289.55
Current Situation
As of April 20, 2026, gold has dipped below $4,800, pressured by renewed Middle East tensions around Iran and the Strait of Hormuz, which are lifting oil prices and the USD (FXStreet, Investing.com).
Key Drivers
- Middle East tensions: Strait of Hormuz issues are strengthening the USD and oil, weighing on gold.
- Fading Fed rate cuts: Expectations for cuts have fallen to 27%, stalling gold's recent rally (FXEmpire).
- Geopolitical outlook: UBS predicts a substantial rally if tensions linger and rates ease (via KitcoNewsNOW).
Short-Term Outlook (1-7 days)
Downward pressure likely persists with current tensions and low rate-cut odds; watch $4,800 as key support and $4,870 as recent resistance.
Long-Term Outlook (1-3 months)
Bullish trend intact per UBS and Kitco analysts, with potential for 20% gains above current levels in 2026 if uncertainty remains elevated.
What to Watch
- Resolution or escalation of Strait of Hormuz tensions.
- Updates on Fed rate cut probabilities.
- China's potential sulfuric acid export halt and critical minerals shifts (hot on X via GoldTelegraph_).
(Medium confidence overall.)
Current price: ZAR 78,488.75/ troy oz
| Period | Start Price | Change | Change (%) | Trend |
|---|---|---|---|---|
| Today | ZAR 78,488.75 | -ZAR 734.91 | -0.93% | |
| 1 Week | ZAR 78,017.50 | +ZAR 471.25 | +0.60% | |
| 1 Month | ZAR 73,690.92 | +ZAR 4,797.83 | +6.51% | |
| 3 Months | ZAR 78,718.47 | -ZAR 229.72 | -0.29% | |
| 6 Months | ZAR 71,480.85 | +ZAR 7,007.89 | +9.80% | |
| 1 Year | ZAR 54,870.75 | +ZAR 23,618.00 | +43.04% | |
| Since 2026 | ZAR 71,516.11 | +ZAR 6,972.64 | +9.75% | |
| Since 2025 | ZAR 43,763.45 | +ZAR 34,725.29 | +79.35% | |
| Since 2024 | ZAR 33,997.43 | +ZAR 44,491.31 | +130.87% | |
| Since 2023 | ZAR 30,270.41 | +ZAR 48,218.34 | +159.29% | |
| Since 2022 | ZAR 29,516.15 | +ZAR 48,972.60 | +165.92% |
Market Summary
| Metal | Price | Prev Close | High | Low | Change |
|---|---|---|---|---|---|
Gold (XAU) | ZAR 78,488.75 | ZAR 79,223.66 | ZAR 79,185.86 | ZAR 77,674.80 | Today -734.91 (-0.93%) |
Silver (XAG) | ZAR 1,299.54 | ZAR 1,324.87 | ZAR 1,324.50 | ZAR 1,289.55 | Today -25.33 (-1.91%) |