🇪🇷Gold Rate in Asmara Today
The gold rate in Asmara today is ERN 2,238 per gram for 24K, based on an international spot price of $4,641.30 per troy ounce. That is up ERN 28.89 from the previous close. This is the international spot price converted into ERN for Asmara, Maekel. 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 Eritrea's larger markets, with a population of around 563,930.
Gold rate in Asmara — all karats and weights
| Weight | 24K | 22K | 21K | 18K | 14K |
|---|---|---|---|---|---|
| 1 Gram (1 g) | ERN 2,238 | ERN 2,052 | ERN 1,959 | ERN 1,679 | ERN 1,306 |
| 1 Troy Ounce (31.1035 g) | ERN 69,619 | ERN 63,818 | ERN 60,917 | ERN 52,215 | ERN 40,611 |
| 1 Kilogram (1,000 g) | ERN 2,238,319 | ERN 2,051,792 | ERN 1,958,529 | ERN 1,678,739 | ERN 1,305,686 |
All figures in ERN (Nakfa). Purity follows the karat/24 standard: 22K is 91.67% gold, 21K is 87.5%, 18K is 75%.
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Gold rate in Asmara — questions
What is the gold rate in Asmara today?
The gold rate in Asmara today is ERN 2,238 per gram for 24K, and ERN 2,238 per gram for 24K. These are live figures converted from international spot at the current ERN exchange rate.
What is the price of 1 gram of gold in Asmara?
One gram of 24K gold costs ERN 2,238 in Asmara, and 22K costs ERN 2,052 per gram. 18K works out at ERN 1,679.
Why is 22K cheaper than 24K in Asmara?
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 ERN 186.53 less per gram here. The alloy makes it harder, which is why jewellery is usually 22K or below.
Is the gold rate in Asmara different from other cities?
The underlying metal price is identical everywhere in Eritrea — 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.