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🇿🇦 Gold Price Today in South Africa | R84,374
Live gold price in South African Rand (ZAR) — updated every 5 minutes
Last updated: May 5, 2026, 01:00 PM ET
Per Gram (ZAR)
R2,712.69
Per Troy Oz (ZAR)
R84,374
Per Kg (ZAR)
R2,712,687
USD/Gold Spot
$4,560.76/oz
USD/ZAR Rate
1 USD = 18.5 ZAR
ZAR per gram
R2,712.69
Gold Market in South Africa
South Africa was the world's largest gold producer for most of the 20th century. The iconic Krugerrand, first minted in 1967, was the world's first modern gold bullion coin and paved the way for all subsequent bullion coins. While South African production has declined significantly since its 1970 peak, the country remains a significant global gold player with reserves concentrated in the Witwatersrand basin.
Why do people in South Africa buy gold?
South African investors use gold to hedge against rand volatility and structural economic challenges. The rand is one of the world's most volatile emerging market currencies, making ZAR-denominated gold prices highly amplified. The Krugerrand remains the most globally recognisable South African investment product and is widely traded worldwide.
Frequently Asked Questions — Gold in South Africa
What is the gold price today in South Africa in rand?
South African gold prices in ZAR are published by the JSE (Johannesburg Stock Exchange) and major bullion dealers. The price reflects international USD spot converted at USD/ZAR, which is highly volatile.
What is a Krugerrand?
The Krugerrand is a gold coin first minted in 1967 by the South African Mint, containing exactly 1 troy ounce of 22K gold (91.67% pure, 8.33% copper alloy). It was the first modern bullion coin and remains one of the most traded gold coins in the world.
Is there CGT on gold in South Africa?
Yes. Gold profits in South Africa are subject to Capital Gains Tax (CGT) at 40% inclusion rate for individuals (effectively 18% for those in the top bracket). Annual exclusion of R40,000 applies. Consult a tax adviser for specific situations.
Can I buy gold ETFs in South Africa?
Yes. NewGold ETF on the JSE is the most popular gold ETF in South Africa. Absa NewGold is backed by physical gold stored in vaults. Satrix Gold and other products are also available through major brokers.