Gold Market Report
South Africa Gold Market Report
Independently researched coverage of the South Africa gold market, last verified Aug 31, 2026. 24K gold is currently ZAR 2,269.84 per gram.
See the live gold price page for South Africa →Research coverage
4 of 4 research sections published for South Africa.
- About this market
- Market notes
- Buying guide
- Tax & duty notes
Gold Price by Purity
Live prices in ZAR.
| Purity | Per g | Per oz t | Per tola | Per kg |
|---|---|---|---|---|
| 24 karat (999.9) | ZAR 2,269.84 | ZAR 70,599.86 | ZAR 26,474.95 | ZAR 2,269,838.26 |
| 22 karat (916.7) | ZAR 2,080.97 | ZAR 64,725.37 | ZAR 24,272.01 | ZAR 2,080,968.83 |
| 21 karat (875) | ZAR 1,986.31 | ZAR 61,781.06 | ZAR 23,167.90 | ZAR 1,986,307.11 |
| 18 karat (750) | ZAR 1,702.55 | ZAR 52,955.19 | ZAR 19,858.20 | ZAR 1,702,548.95 |
| 14 karat (583.3) | ZAR 1,324.13 | ZAR 41,185.02 | ZAR 15,444.38 | ZAR 1,324,129.07 |
| 10 karat (416.7) | ZAR 945.94 | ZAR 29,421.90 | ZAR 11,033.21 | ZAR 945,936.20 |
Trend
Last 3 months
Per gram · ZAR
- Change
- +6.47%
- Low
- ZAR 2,109.84
- High
- ZAR 2,448.07
Historical data is presented from the site's retained market samples and daily rollups.
View full history →About the South Africa gold market
KmalServico presents South African gold prices in rand (ZAR) with gram as the configured primary weight. This gives the page a straightforward metric reference for comparing the gold component across purities and with international prices.
Read the full section on the live price page →Market notes
South Africa's Krugerrand, first minted in 1967 by the South African Mint via Rand Refinery, was the world's first modern gold bullion coin designed for everyday private investors rather than collectors.
Read the full section on the live price page →Buying gold in South Africa
South Africa has a long association with gold production, but this page does not infer a current jewellery-demand season from that history. Instead, it focuses on verifiable live-price mechanics and on giving users a consistent gram-based reference for comparing ZAR quotations.
Read the full section on the live price page →Tax & duty notes
Intact gold Krugerrand coins bought "as such" are zero-rated for VAT under section 11(1)(k) of South Africa's VAT Act, and investment-grade gold at 99.5%+ purity from a licensed dealer is generally VAT-exempt too -- jewellery, by contrast, carries the standard VAT rate.
Read the full section on the live price page →Sources
What the South Africa research is based on
Each claim below traces to a specific, checkable source rather than a general reference.
- ENSafrica — 2026 Budget on the horizon: VAT certainty for the gold market
Supports: Section 11(1)(f) VAT Act repeal proposal in the 2026 Budget Review and SARS stakeholder engagement plans
Checked Aug 31, 2026
- Mondaq — VAT On Bullion Gold: Zero-rating To Be Repealed
Supports: Section 11(1)(f) zero-rating scope for gold bars/ingots/blank coins to SARB, SA Mint and registered banks, and its proposed repeal
Checked Aug 31, 2026
- SA Gold Markets — Your Guide to Tax on Gold and Silver Krugerrands in South Africa
Supports: Section 11(1)(k) zero-rating for intact Krugerrand coins and the R50,000 CGT annual exclusion from March 2026
Checked Aug 31, 2026
Related markets
More gold markets in Africa
South Africa's immediate sub-region doesn't list enough markets on its own, so this also includes other Africa countries.
Learn
Guides relevant to this gold market
- education
How Gold Prices Work
Gold prices are set globally in USD per troy ounce and translated into every local market using exchange rates and purity.
- weight
Gold Weight Units Explained
Gram, troy ounce, tola, baht, kilogram — a complete conversion guide.
- purity
Gold Hallmarks Explained
What 999, 916, 875, 750 and 585 stamps actually mean.
- purity
24K vs 22K Gold: What's the Difference?
24K is nearly pure gold. 22K is 91.6% gold mixed with other metals for durability. Learn which suits investment vs. jewelry.
- buying
How to Buy Gold Safely
A step-by-step buyer's guide covering dealers, hallmarks, receipts and storage.
- investment
Gold Investment Basics
Bars, coins, ETFs, jewelry — how to start investing in gold.
Explore further
Gold terminology for this report
Methodology
How we calculate the price
- We fetch the international spot gold price (XAU/USD) live from xaus.com + gold-api.com, with automatic failover between providers.
- The spot rate is converted into the local currency using live exchange rates from exchangerate-api.com, then scaled by purity (24K, 22K, 18K…) and by weight (gram, tola, ounce, kilogram, baht).
- The result is the pure spot value. Retail counters may add dealer premium, tax and making charges — the number here is the underlying benchmark.