Gold South African Krugerrand Price Charts
Originally minted in 1967, this beautiful Gold South African Krugerrands coin comes from the South African Mint. This 22-karat coin consists of one troy ounce of pure gold and carries with it the liquidity, portability, and allure a gold coin can offer.
Gold South African Krugerrand Coin
The Gold South African Krugerrand price charts above feature Monex Ask Prices per ounce for 22-karat (.9167 fine) Gold South African Krugerrand coins (each containing one troy ounce of pure gold) currently available from Monex in units of 10 coins. The 3-Month Live chart above incorporates the latest Gold South African Krugerrand price for the current trading day, while the 6-Month Candlestick, 1-Year Close, 5-Year Close and 10-Year Close charts incorporate the last Gold South African Krugerrand price for the previous trading day.
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What is the Value of a Krugerrand?
Though a Krugerrand weighs 1.09 troy ounces, each coin contains one pure ounce of gold. The value of one Gold South African Krugerrand coin is equivalent to the melt value of one troy ounce of gold, which varies minute by minute.
How much is a Gold Krugerrand worth in Dollars?
Prices of Gold Krugerrands in U.S. Dollars were over $1,900 in September 2011 and traded under $1,100 at the end of 2015. In recent years, Gold Krugerrands have been worth $1,275 on average. The current ask purchase prices for one gold Krugerrand is: $1893.5.
What is the Gold Krugerrand Price Today to sell?
What was the Price of a Krugerrand in 2016?
Has the Price of Krugerrands appreciated historically?
Gold Krugerrands do not appreciate every year. However, Krugerrands have appreciated in the long-term. Since the Vietnam War, they rose from $35 to today's values of well over one thousand dollars. Since “Y2k” year 2000, Gold South African Krugerrand coins have appreciated about 450%.
Why consider Price Chart for Krugerrands?
Over time, Monex Gold Krugerrand prices are recorded, compared and charted against time to suggest trends and overextended price moves. In addition to the most current price of a Krugerrand, one can compare the previous day's final price and consider the 100-day moving average of closing prices.
What factors influence the Value of Krugerrands?
Each Gold South African Krugerrand coin contains one ounce of pure gold. The unique properties of gold as an element make it indispensable in a wide range of industrial uses and jewelry. Not only is it an industrial commodity, it is the world's truest money. Krugerrands have four primary factors that influence their prices:
- Cyclical fluctuations in the amount of jewelry and industrial demands as related to the supply of the commodity from mining and scrap recovery affect gold prices.
- Changes in central bank gold ounces in reserves (government stockpiles) can play a role in supply and demand for the commodity.
- Prices are influenced by overall gold demand by private investors and investment funds at relative price levels, which is largely affected by economic issues, geopolitical uncertainty and a nation's real inflation-adjusted interest rates.
- And to a lesser extent, in periods of investor mass liquidations of gold coins, the value of Krugerrands as related to bullion tends to be diminished.
Why is the Krugerrand bid/sell Price important?
Krugerrand investors should consider that when one desires to liquidate their Krugerrands for cash, exiting the investment is as important as entering the transaction. A true two-way market with sizable transaction volume offers investors the ability to both purchase and sell their metal at very competitive prices. Monex Deposit Company has executed over 60 billion dollars in physical customer precious metals transactions.