🇪🇷Platinum Rate in Asmara Today
The platinum rate in Asmara today is ERN 894,112 per kilogram for 24K, based on an international spot price of $1,854.00 per troy ounce. That is down ERN 8,150 from the previous close. This is the international spot price converted into ERN for Asmara. 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.
Platinum rate in Asmara — all karats and weights
| Weight | 24K | 22K | 21K | 18K | 14K |
|---|---|---|---|---|---|
| 1 Gram (1 g) | ERN 894.11 | ERN 819.60 | ERN 782.35 | ERN 670.58 | ERN 521.57 |
| 1 Troy Ounce (31.1035 g) | ERN 27,810 | ERN 25,493 | ERN 24,334 | ERN 20,858 | ERN 16,223 |
| 1 Kilogram (1,000 g) | ERN 894,112 | ERN 819,603 | ERN 782,348 | ERN 670,584 | ERN 521,565 |
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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Platinum rate in Asmara — questions
What is the platinum rate in Asmara today?
The platinum rate in Asmara today is ERN 894,112 per kilogram for 24K, and ERN 894,112 per kilogram 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 platinum costs ERN 894.11 in Asmara, and 22K costs ERN 819.60 per gram. 18K works out at ERN 670.58.
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 74.51 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.