🇲🇼Platinum Rate in Lilongwe Today
The platinum rate in Lilongwe today is MWK 60,510 per gram for 14K, based on an international spot price of $1,854.00 per troy ounce. That is down MWK 551.57 from the previous close. This is the international spot price converted into MWK for Lilongwe. Jewellers there add making charges and a local premium on top, so a counter price will normally sit above this figure. It is one of Malawi's larger markets, with a population of around 1,115,815. The MWK has weakened 1.005% against the US dollar since the previous session, which moves the local price independently of the metal itself.
Platinum rate in Lilongwe — all karats and weights
| Weight | 24K | 22K | 21K | 18K | 14K |
|---|---|---|---|---|---|
| 1 Gram (1 g) | MWK 103,731 | MWK 95,087 | MWK 90,765 | MWK 77,798 | MWK 60,510 |
| 1 Troy Ounce (31.1035 g) | MWK 3,226,397 | MWK 2,957,530 | MWK 2,823,097 | MWK 2,419,798 | MWK 1,882,065 |
| 1 Kilogram (1,000 g) | MWK 103,731,064 | MWK 95,086,808 | MWK 90,764,681 | MWK 77,798,298 | MWK 60,509,787 |
All figures in MWK (Kwacha). Purity follows the karat/24 standard: 22K is 91.67% gold, 21K is 87.5%, 18K is 75%.
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Platinum rate in Lilongwe — questions
What is the platinum rate in Lilongwe today?
The platinum rate in Lilongwe today is MWK 60,510 per gram for 14K, and MWK 103,731 per gram for 24K. These are live figures converted from international spot at the current MWK exchange rate.
What is the price of 1 gram of gold in Lilongwe?
One gram of 24K platinum costs MWK 103,731 in Lilongwe, and 22K costs MWK 95,087 per gram. 18K works out at MWK 77,798.
Why is 22K cheaper than 24K in Lilongwe?
22K gold is 91.67% pure — 22 parts gold to 24 — so it contains less gold by weight than 24K, which is 99.9% pure. That is why 22K is MWK 8,644 less per gram here. The alloy makes it harder, which is why jewellery is usually 22K or below.
Is the gold rate in Lilongwe different from other cities?
The underlying metal price is identical everywhere in Malawi — gold trades in one global market and converts at one exchange rate. What differs city to city is the retail markup: making charges, wastage and the jeweller's own premium. Those are set by each shop, not by the market.
How often does this rate update?
The spot price refreshes continuously through the trading day and this page reflects the latest reading, last confirmed 1 month ago. Exchange rates refresh alongside it.