Gold South African Krugerrand Price ChartsMore information about this product
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. In addition to these charts, other tools and chart information is available from Monex:
Monex is pleased to offer our customers and prospective customers a wide selection of additional exclusive and customized charts (as well as other tools) not available to the general public. Located on restricted-access pages on the Monex website, these additional charts and tools are available via website links which will be sent to qualified recipients in special emails sent from Monex. Simply pick up the phone and call a Monex Account Representative at the phone number listed at the top of this page to request your special access codes to these additional charts and tools.
How much is a gold Krugerrand worth?
Krugerrands coins are unusual being that they are a true legal tender. However, a Krugerrand does not have a currency face value. The coins are redeemable by South Africa's central bank at gold's current melt value.
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 Krugerrand 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: $.
What is the Gold Krugerrand price today to sell?
The price to sell Gold Krugerrands is at the bid price. The current or most recent Monex Gold Krugerrand Bid price is: $.
What was the price of a Krugerrand in 2016?
In 2016, Gold Krugerrands opened the year at a price of $1,113, and the year end price was $1,111. The monthly average price of Krugerrands for 2016 was $1,291.
Has the prices 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, Krugerrands 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 Krugerrand 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: (1) 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. (2) Changes in central bank gold ounces in reserves (government stockpiles) can play a role in supply and demand for the commodity. (3) 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. (4) 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 55 billion dollars in physical customer precious metals transactions.
FREE Guide to Reading Gold and Silver Charts
This handy guide introduces you to valuable tools you can use to identify and prioritize the opportunities in today's gold, silver and platinum markets. The E-Z Guide helps you identify the most common price chart patterns, including: Head & Shoulders formations, Gaps, Island Tops and Bottoms, Bull and Bear Flags, and more. Each section is clearly illustrated and includes explanatory text to help you understand what to look for... and what actions you should consider taking based on your analysis of price trends. To receive a copy of this free guide, call a Monex Account Representative at 1-800-444-8317