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🇪🇹 Gold Price Today in Ethiopia | Br252,724
Live gold price in Ethiopian Birr (ETB) — updated every 5 minutes
Last updated: May 4, 2026, 01:01 PM ET
Per Gram (ETB)
Br8,125.24
Per Troy Oz (ETB)
Br252,724
Per Kg (ETB)
Br8,125,244
USD/Gold Spot
$4,512.92/oz
USD/ETB Rate
1 USD = 56 ETB
ETB per gram
Br8,125.24
Gold Market in Ethiopia
Ethiopia is one of Africa's emerging gold producers, with production growing from artisanal sources in regions like Oromia. The National Bank of Ethiopia purchases gold from licensed producers and incorporates it into official reserves. The Ethiopian birr underwent significant devaluation in 2024 as part of IMF-supported economic reform.
Why do people in Ethiopia buy gold?
Ethiopia's 2024 currency liberalization — which saw the birr devalue sharply — drove increased interest in gold as a store of value. With approximately 130 million people and a rapidly growing economy, Ethiopia's gold investment market is nascent but growing. The National Bank's gold-buying program provides a formal outlet for domestically mined gold.
Frequently Asked Questions — Gold in Ethiopia
What is the gold price today in Ethiopia in birr?
Ethiopian gold prices in ETB reflect the international USD spot price converted at the National Bank of Ethiopia's official exchange rate, which moved significantly following the 2024 liberalization.
How did Ethiopia's currency reform affect gold demand?
Ethiopia's 2024 IMF-backed reform moved the birr from a fixed rate to a managed float, resulting in immediate devaluation of approximately 30-40%. This created strong demand for gold as Ethiopians sought to protect savings from currency erosion.
Does Ethiopia produce gold?
Yes. Ethiopia produces gold primarily through artisanal and small-scale miners in Oromia, Benishangul-Gumuz, and other regions. Production is growing but remains relatively modest compared to West and Central African producers.
What is Ethiopia's role in gold trade?
The National Bank of Ethiopia operates a formal gold-buying program to consolidate domestic production into official reserves. Ethiopia aspires to become a more significant gold producer and exporter, with several international mining companies exploring deposits.