Gold Price Today in Mali in West African CFA Franc (XOF)

Sunday, 8 September 2024, 12:24 AM

1,478,112.50 West African CFA Franc/Ounce
47,527.73 West African CFA Franc/Gram
2,500.00 U.S. Dollar/Ounce
80.39 U.S. Dollar/Gram
Gold price in Mali Ounce Gram
24K 22K 21K 18K 14K

Gold ounce price in Mali is 1,478,112.50 West African CFA Franc per ounce, Gold gram price is 47,527.73 per gram karat 24, 43,567.09 West African CFA Franc per gram karat 22, 41,586.77 West African CFA Franc per gram karat 21, 35,645.80 West African CFA Franc per gram karat 18.

Gold Price in Mali in West African CFA Franc

Gold Unit West African CFA Franc U.S. Dollar
Gold Ounce 1,478,112.50 2,500.00
Gold Gram Karat 24k 47,527.73 80.39
Gold Gram Karat 22k 43,535.40 73.63
Gold Gram Karat 21k 41,586.77 70.34
Gold Gram Karat 18k 35,645.80 60.29
Gold Gram Karat 14k 27,803.72 47.03
Gold Gram Karat 12k 23,763.87 40.19
Gold Gram Karat 10k 19,819.06 33.52
Gold Gram Karat 9k 17,822.90 30.14
Gold Gram Karat 8k 15,826.74 26.77

Gold Karats Commonly Used in Mali

In Mali, gold is an essential part of the culture and economy, particularly in the region of Kayes, where artisanal mining is prevalent. The most commonly used gold karat is 22K, which is approximately 91.6% pure gold. This karat is favored for its rich color and durability, making it a popular choice for traditional jewelry and ornaments.

Next in prevalence is 18K, consisting of 75% pure gold. It is valued for balancing purity with strength, making it suitable for everyday wear. Jewelers often use 18K gold when crafting intricate designs that require added durability.

14K gold is less common but still used, making up about 58.3% pure gold. It is often employed in more affordable pieces while still offering a decent gold content.

Lastly, 10K gold, which contains about 41.7% gold, is the least common in Mali, primarily utilized for budget-friendly items and less valuable jewelry. Overall, the preference for higher karats reflects the cultural appreciation for gold in Mali, with 22K and 18K being the most sought after.

Gold Price Chart in Senegal

Price of Gold Bullion in Mali in West African CFA Franc

  • The price of gold bullion 5 grams 24K in Mali: 237,638.67 West African CFA Franc
  • The price of gold bullion 10 grams 24K in Mali: 475,277.33 West African CFA Franc
  • The price of gold bullion 20 grams 24K in Mali: 950,554.66 West African CFA Franc
  • The price of gold bullion 50 grams 24K in Mali: 2,376,386.66 West African CFA Franc
  • The price of gold bullion 100 grams 24K in Mali: 4,752,773.31 West African CFA Franc
  • The price of gold bullion 250 grams 24K in Mali: 11,881,933.28 West African CFA Franc
  • The price of gold bullion 500 grams 24K in Mali: 23,763,866.56 West African CFA Franc
  • The price of gold bullion 1000 grams 24K in Mali: 47,527,733.12 West African CFA Franc

How Gold Price is Determined in Mali

The price of gold in Mali, one of Africa's largest gold producers, is influenced by several key factors. Global Market Prices play a significant role, as Mali's gold is sold on international markets where prices fluctuate based on supply and demand dynamics. The London Bullion Market Association (LBMA) gold price is a reference point for many countries, including Mali, affecting local pricing structures.

Additionally, local production costs, including labor, extraction techniques, and regulatory expenses, contribute to the overall pricing of gold. Mali's mining sector, particularly the small-scale and artisanal miners, often face varying costs due to differences in technology and efficiency. Government policies and mining regulations also impact prices by affecting the profitability and operational viability of gold mining companies.

Furthermore, currency fluctuations can influence gold prices in Mali, especially as gold is priced in US dollars on the global market. A stronger dollar can make gold more expensive in local currency terms. Overall, the interplay of international market trends, local production conditions, and economic factors are pivotal in determining the gold prices in Mali.

Gold price in Mali in September 2024 in West African CFA Franc

Date Gold Ounce Gold Gram Karat 24 Gold Gram Karat 22 Gold Gram Karat 21 Gold Gram Karat 18 Gold Gram Karat 14
7 September 2024 1,497,516.29 48,151.65 44,135.46 42,124.23 36,102.13 28,095.99
6 September 2024 1,486,755.69 47,805.65 43,818.32 41,821.54 35,842.71 27,894.10
5 September 2024 1,476,456.42 47,474.48 43,514.78 41,531.83 35,594.42 27,700.87
4 September 2024 1,480,700.72 47,610.96 43,639.87 41,651.22 35,696.74 27,780.50
3 September 2024 1,478,925.22 47,553.87 43,587.54 41,601.27 35,653.94 27,747.19
2 September 2024 1,483,575.02 47,703.38 43,724.58 41,732.07 35,766.03 27,834.43
1 September 2024 1,485,969.83 47,780.38 43,795.16 41,799.43 35,823.77 27,879.36
31 August 2024 1,498,760.11 48,191.64 44,172.12 42,159.22 36,132.11 28,119.33
30 August 2024 1,487,424.60 47,827.16 43,838.04 41,840.35 35,858.84 27,906.65
29 August 2024 1,480,590.50 47,607.41 43,636.62 41,648.12 35,694.08 27,778.43
28 August 2024 1,474,206.04 47,402.12 43,448.45 41,468.52 35,540.16 27,658.65
27 August 2024 1,472,962.30 47,362.13 43,411.80 41,433.54 35,510.18 27,635.32
26 August 2024 1,472,512.54 47,347.67 43,398.54 41,420.89 35,499.34 27,626.88
25 August 2024 1,470,432.13 47,280.78 43,337.23 41,362.37 35,449.18 27,587.84
24 August 2024 1,506,291.51 48,433.81 44,394.09 42,371.07 36,313.68 28,260.63
23 August 2024 1,471,132.21 47,303.29 43,357.86 41,382.06 35,466.06 27,600.98
22 August 2024 1,471,125.07 47,303.06 43,357.65 41,381.86 35,465.89 27,600.85
21 August 2024 1,484,838.85 47,744.01 43,761.83 41,767.62 35,796.50 27,858.14
20 August 2024 1,479,780.01 47,581.35 43,612.73 41,625.32 35,674.54 27,763.23
19 August 2024 1,486,714.97 47,804.34 43,817.12 41,820.39 35,841.73 27,893.34
18 August 2024 1,489,739.32 47,901.59 43,906.26 41,905.47 35,914.64 27,950.08
17 August 2024 1,489,739.32 47,901.59 43,906.26 41,905.47 35,914.64 27,950.08
16 August 2024 1,464,754.92 47,098.23 43,169.91 41,202.67 35,312.32 27,481.33
15 August 2024 1,460,291.72 46,954.72 43,038.36 41,077.12 35,204.72 27,397.59
14 August 2024 1,469,881.68 47,263.08 43,321.00 41,346.88 35,435.91 27,577.52
13 August 2024 1,478,199.45 47,530.53 43,566.15 41,580.86 35,636.44 27,733.57
12 August 2024 1,461,803.03 47,003.31 43,082.91 41,119.64 35,241.15 27,425.95
11 August 2024 1,460,537.78 46,962.63 43,045.62 41,084.04 35,210.65 27,402.21
10 August 2024 1,461,080.41 46,980.08 43,061.61 41,099.31 35,223.73 27,412.39
9 August 2024 1,455,314.72 46,794.69 42,891.68 40,937.12 35,084.73 27,304.22

Gold Price Today