Gold Spot Price (gold/ZAR)
ZAR 84,006.86
per troy ounce
Gold & Silver
1 oz
ZAR 84,006.86
1 gr
ZAR 2,700.88
1 kg
ZAR 2,700,881.28
Prev Close
ZAR 87,015.66
Open
ZAR 84,006.86
Day High
ZAR 85,121.71
Day Low
ZAR 83,143.72
1 oz
ZAR 1,361.37
1 gr
ZAR 43.77
1 kg
ZAR 43,768.88
Prev Close
ZAR 1,460.90
Open
ZAR 1,361.37
Day High
ZAR 1,419.52
Day Low
ZAR 1,325.40
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 84,006.86/ troy oz
| Period | Start Price | Change | Change (%) | Trend |
|---|---|---|---|---|
| Today | ZAR 84,006.86 | -ZAR 3,008.80 | -3.46% | |
| 1 Week | ZAR 85,450.35 | -ZAR 1,443.49 | -1.69% | |
| 1 Month | ZAR 80,947.46 | +ZAR 3,059.40 | +3.78% | |
| 3 Months | ZAR 69,374.66 | +ZAR 14,632.20 | +21.09% | |
| 6 Months | ZAR 58,970.91 | +ZAR 25,035.95 | +42.45% | |
| 1 Year | ZAR 47,752.92 | +ZAR 36,253.94 | +75.92% | |
| Since 2026 | ZAR 71,313.00 | +ZAR 12,693.86 | +17.80% | |
| Since 2025 | ZAR 43,639.16 | +ZAR 40,367.70 | +92.50% | |
| Since 2024 | ZAR 33,900.88 | +ZAR 50,105.98 | +147.80% | |
| Since 2023 | ZAR 30,184.44 | +ZAR 53,822.42 | +178.31% | |
| Since 2022 | ZAR 29,432.32 | +ZAR 54,574.54 | +185.42% |
Market Summary
| Metal | Price | Prev Close | High | Low | Change |
|---|---|---|---|---|---|
Gold (XAU) | ZAR 84,006.86 | ZAR 87,015.66 | ZAR 85,121.71 | ZAR 83,143.72 | Today -3008.80 (-3.46%) |
Silver (XAG) | ZAR 1,361.37 | ZAR 1,460.90 | ZAR 1,419.52 | ZAR 1,325.40 | Today -99.53 (-6.81%) |