How the gold price in South Africa is determined
There is no separate "South Africa gold price" set locally — gold trades on a single global market, quoted in US dollars per troy ounce (XAU/USD). The ZAR prices on this site are that international benchmark converted at the live USD/ZAR exchange rate, then broken down per gram and per purity. Two forces therefore move the local price: the world gold price and the South African Rand exchange rate.