Gold Spot Price (gold/ZAR)
ZAR 78,360.13
per troy ounce
Gold & Silver
1 oz
ZAR 78,360.13
1 gr
ZAR 2,519.33
1 kg
ZAR 2,519,334.93
Prev Close
ZAR 79,076.83
Open
ZAR 78,360.13
Day High
ZAR 79,039.10
Day Low
ZAR 77,530.84
1 oz
ZAR 1,295.46
1 gr
ZAR 41.65
1 kg
ZAR 41,650.04
Prev Close
ZAR 1,322.41
Open
ZAR 1,295.46
Day High
ZAR 1,322.05
Day Low
ZAR 1,287.16
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 78,360.13/ troy oz
| Period | Start Price | Change | Change (%) | Trend |
|---|---|---|---|---|
| Today | ZAR 78,360.13 | -ZAR 716.69 | -0.91% | |
| 1 Week | ZAR 77,872.90 | +ZAR 487.23 | +0.63% | |
| 1 Month | ZAR 73,554.34 | +ZAR 4,805.79 | +6.53% | |
| 3 Months | ZAR 78,572.57 | -ZAR 212.44 | -0.27% | |
| 6 Months | ZAR 71,348.37 | +ZAR 7,011.76 | +9.83% | |
| 1 Year | ZAR 54,769.05 | +ZAR 23,591.08 | +43.07% | |
| Since 2026 | ZAR 71,383.56 | +ZAR 6,976.57 | +9.77% | |
| Since 2025 | ZAR 43,682.34 | +ZAR 34,677.79 | +79.39% | |
| Since 2024 | ZAR 33,934.42 | +ZAR 44,425.71 | +130.92% | |
| Since 2023 | ZAR 30,214.30 | +ZAR 48,145.83 | +159.35% | |
| Since 2022 | ZAR 29,461.44 | +ZAR 48,898.69 | +165.98% |
Market Summary
| Metal | Price | Prev Close | High | Low | Change |
|---|---|---|---|---|---|
Gold (XAU) | ZAR 78,360.13 | ZAR 79,076.83 | ZAR 79,039.10 | ZAR 77,530.84 | Today -716.69 (-0.91%) |
Silver (XAG) | ZAR 1,295.46 | ZAR 1,322.41 | ZAR 1,322.05 | ZAR 1,287.16 | Today -26.95 (-2.04%) |