🇪🇹Platinum Rate in Mek'ele Today
The platinum rate in Mek'ele today is ETB 8,794 per gram for 22K, based on an international spot price of $1,854.00 per troy ounce. That is down ETB 80.16 from the previous close. This is the international spot price converted into ETB for Mek'ele. 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 Ethiopia's larger markets, with a population of around 457,900. The ETB has weakened 0.231% against the US dollar since the previous session, which moves the local price independently of the metal itself.
Platinum rate in Mek'ele — all karats and weights
| Weight | 24K | 22K | 21K | 18K | 14K |
|---|---|---|---|---|---|
| 1 Gram (1 g) | ETB 9,593 | ETB 8,794 | ETB 8,394 | ETB 7,195 | ETB 5,596 |
| 1 Troy Ounce (31.1035 g) | ETB 298,378 | ETB 273,513 | ETB 261,081 | ETB 223,784 | ETB 174,054 |
| 1 Kilogram (1,000 g) | ETB 9,593,086 | ETB 8,793,662 | ETB 8,393,950 | ETB 7,194,814 | ETB 5,595,967 |
All figures in ETB (Birr). 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 Mek'ele — questions
What is the platinum rate in Mek'ele today?
The platinum rate in Mek'ele today is ETB 8,794 per gram for 22K, and ETB 9,593 per gram for 24K. These are live figures converted from international spot at the current ETB exchange rate.
What is the price of 1 gram of gold in Mek'ele?
One gram of 24K platinum costs ETB 9,593 in Mek'ele, and 22K costs ETB 8,794 per gram. 18K works out at ETB 7,195.
Why is 22K cheaper than 24K in Mek'ele?
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 ETB 799.42 less per gram here. The alloy makes it harder, which is why jewellery is usually 22K or below.
Is the gold rate in Mek'ele different from other cities?
The underlying metal price is identical everywhere in Ethiopia — 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.