🇵🇬Gold Rate in Milne Bay Province Today
The gold rate in Milne Bay Province today is PGK 666.25 per gram for 24K, based on an international spot price of $4,641.30 per troy ounce. That is up PGK 8.60 from the previous close. Rates across Milne Bay Province follow the national Papua New Guinea market, since gold is priced internationally and converted at the same exchange rate. The PGK has weakened 1.612% against the US dollar since the previous session, which moves the local price independently of the metal itself.
Gold rate in Milne Bay Province — all karats and weights
| Weight | 24K | 22K | 21K | 18K | 14K |
|---|---|---|---|---|---|
| 1 Gram (1 g) | PGK 666.25 | PGK 610.73 | PGK 582.97 | PGK 499.69 | PGK 388.65 |
| 1 Troy Ounce (31.1035 g) | PGK 20,723 | PGK 18,996 | PGK 18,132 | PGK 15,542 | PGK 12,088 |
| 1 Kilogram (1,000 g) | PGK 666,251 | PGK 610,730 | PGK 582,969 | PGK 499,688 | PGK 388,646 |
All figures in PGK (Kina). 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 Milne Bay Province — questions
What is the gold rate in Milne Bay Province today?
The gold rate in Milne Bay Province today is PGK 666.25 per gram for 24K, and PGK 666.25 per gram for 24K. These are live figures converted from international spot at the current PGK exchange rate.
What is the price of 1 gram of gold in Milne Bay Province?
One gram of 24K gold costs PGK 666.25 in Milne Bay Province, and 22K costs PGK 610.73 per gram. 18K works out at PGK 499.69.
Why is 22K cheaper than 24K in Milne Bay Province?
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 PGK 55.52 less per gram here. The alloy makes it harder, which is why jewellery is usually 22K or below.
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.