🇲🇬Silver Rate in Toamasina Today
The silver rate in Toamasina today is MGA 8,647 per gram for 22K, based on an international spot price of $68.20 per troy ounce. That is down MGA 45.13 from the previous close. This is the international spot price converted into MGA for Toamasina. 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 Madagascar's larger markets, with a population of around 345,107. The MGA has weakened 1.395% against the US dollar since the previous session, which moves the local price independently of the metal itself.
Silver rate in Toamasina — all karats and weights
| Weight | 24K | 22K | 21K | 18K | 14K |
|---|---|---|---|---|---|
| 1 Gram (1 g) | MGA 9,433 | MGA 8,647 | MGA 8,254 | MGA 7,075 | MGA 5,502 |
| 1 Troy Ounce (31.1035 g) | MGA 293,394 | MGA 268,944 | MGA 256,720 | MGA 220,045 | MGA 171,146 |
| 1 Kilogram (1,000 g) | MGA 9,432,833 | MGA 8,646,764 | MGA 8,253,729 | MGA 7,074,625 | MGA 5,502,486 |
All figures in MGA (Ariary). Purity follows the karat/24 standard: 22K is 91.67% gold, 21K is 87.5%, 18K is 75%.
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Silver rate in Toamasina — questions
What is the silver rate in Toamasina today?
The silver rate in Toamasina today is MGA 8,647 per gram for 22K, and MGA 9,433 per gram for 24K. These are live figures converted from international spot at the current MGA exchange rate.
What is the price of 1 gram of gold in Toamasina?
One gram of 24K silver costs MGA 9,433 in Toamasina, and 22K costs MGA 8,647 per gram. 18K works out at MGA 7,075.
Why is 22K cheaper than 24K in Toamasina?
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 MGA 786.07 less per gram here. The alloy makes it harder, which is why jewellery is usually 22K or below.
Is the gold rate in Toamasina different from other cities?
The underlying metal price is identical everywhere in Madagascar — 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.