Gold Spot Price (gold/ZAR)
ZAR 84,182.70
per troy ounce
Gold & Silver
1 oz
ZAR 84,182.70
1 gr
ZAR 2,706.53
1 kg
ZAR 2,706,534.54
Prev Close
ZAR 87,025.45
Open
ZAR 84,182.70
Day High
ZAR 85,131.29
Day Low
ZAR 83,153.08
1 oz
ZAR 1,371.05
1 gr
ZAR 44.08
1 kg
ZAR 44,080.31
Prev Close
ZAR 1,461.06
Open
ZAR 1,369.57
Day High
ZAR 1,419.68
Day Low
ZAR 1,325.55
Current Situation
Gold prices have plunged below $5,000 per ounce from recent highs near $5,379, with spot gold down over 5% to around $5,030 amid a surging US dollar and rising Treasury yields (Mitrade, CTV News).
Key Drivers
- Strong US Dollar: DXY at a 9-month high of 99.21 makes gold costlier for overseas buyers, outweighing safe-haven demand (Mitrade, KitcoNewsNOW).
- Climbing Treasury Yields: US 10-year yields at 4.05% hurt non-yielding gold as investors favor bonds amid inflation worries (Mitrade, KitcoNewsNOW).
- Middle East Tensions: US-Israel strikes on Iran and Strait of Hormuz risks spurred earlier gains, but dollar strength dominates while oil spikes add inflation pressure (Reuters, Peter Schiff on X).
Short-Term Outlook (1-7 days)
Downward pressure likely persists from dollar and yield strength, with a potential floor near $5,000; watch for any rebound if geo-risks escalate (Heraeus via Kitco).
Long-Term Outlook (1-3 months)
Bullish trend intact despite pullback, with analysts forecasting $5,400-$6,300 by year-end on sustained geo-risks and central bank demand (Goldman Sachs, J.P. Morgan, BNP Paribas).
What to Watch
- Middle East developments, especially Strait of Hormuz oil disruptions.
- Fed rate decisions amid oil-driven inflation.
- Dollar-gold safe-haven battle and central bank buying trends.
Current price: ZAR 84,182.70/ troy oz
| Period | Start Price | Change | Change (%) | Trend |
|---|---|---|---|---|
| Today | ZAR 84,182.70 | -ZAR 2,842.75 | -3.27% | |
| 1 Week | ZAR 85,459.97 | -ZAR 1,277.27 | -1.49% | |
| 1 Month | ZAR 80,956.57 | +ZAR 3,226.13 | +3.98% | |
| 3 Months | ZAR 69,382.47 | +ZAR 14,800.23 | +21.33% | |
| 6 Months | ZAR 58,977.55 | +ZAR 25,205.15 | +42.74% | |
| 1 Year | ZAR 47,758.29 | +ZAR 36,424.41 | +76.27% | |
| Since 2026 | ZAR 71,321.02 | +ZAR 12,861.67 | +18.03% | |
| Since 2025 | ZAR 43,644.07 | +ZAR 40,538.62 | +92.88% | |
| Since 2024 | ZAR 33,904.69 | +ZAR 50,278.01 | +148.29% | |
| Since 2023 | ZAR 30,187.83 | +ZAR 53,994.86 | +178.86% | |
| Since 2022 | ZAR 29,435.63 | +ZAR 54,747.07 | +185.99% |
Market Summary
| Metal | Price | Prev Close | High | Low | Change |
|---|---|---|---|---|---|
Gold (XAU) | ZAR 84,182.70 | ZAR 87,025.45 | ZAR 85,131.29 | ZAR 83,153.08 | Today -2842.75 (-3.27%) |
Silver (XAG) | ZAR 1,371.05 | ZAR 1,461.06 | ZAR 1,419.68 | ZAR 1,325.55 | Today -90.01 (-6.16%) |