Gold price in Eritrea

Gold Price Today

The current market value (spot price) of Gold today is ERN50,058.00 per troy ounce (31.1035 grams, approximately 0.0686 pounds or 2.666 tola). Current quotes: bid price — ERN50,051.55, ask price — ERN50,063.85. The highest price in the last 24 hours reached ERN50,069.92, while the lowest was ERN49,855.27. The daily change is +ERN192.00, which equals +0.39%.

Gold valuation is influenced by various factors:

• global interest rates;
• international exchange rates, including the US dollar;
• inflation;
• geopolitical tensions;
• demand from investors and the jewelry industry.

One troy ounce equals 31.1035 grams. Below are the equivalents in other units commonly used in calculations:

• 1 troy ounce (toz) = 31.1035 grams
• 1 regular ounce ≈ 28.35 grams
• 1 pound (lb) = 453.592 grams
• 1 pound (lb) ≈ 14.583 troy ounces
• 1 troy ounce ≈ 0.06857 pounds (lb)
• 1 tola = 11.667 grams
• 1 troy ounce ≈ 2.43 tola
• 10 grams ≈ 0.32 troy ounces
• 1 gram ≈ 0.03215 troy ounces

The information is provided for informational purposes only and does not constitute financial or investment advice. Terms of Use.