🇸🇴Platinum Rate in Borama Today
The platinum rate in Borama today is SOS 1,056,593 per troy ounce for 24K, based on an international spot price of $1,854.00 per troy ounce. That is down SOS 9,631 from the previous close. This is the international spot price converted into SOS for Borama. 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 Somalia's larger markets, with a population of around 597,842. The SOS has weakened 0.767% against the US dollar since the previous session, which moves the local price independently of the metal itself.
Platinum rate in Borama — all karats and weights
| Weight | 24K | 22K | 21K | 18K | 14K |
|---|---|---|---|---|---|
| 1 Gram (1 g) | SOS 33,970 | SOS 31,139 | SOS 29,724 | SOS 25,478 | SOS 19,816 |
| 1 Troy Ounce (31.1035 g) | SOS 1,056,593 | SOS 968,544 | SOS 924,519 | SOS 792,445 | SOS 616,346 |
| 1 Kilogram (1,000 g) | SOS 33,970,258 | SOS 31,139,403 | SOS 29,723,976 | SOS 25,477,693 | SOS 19,815,984 |
All figures in SOS (Shilling). 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 Borama — questions
What is the platinum rate in Borama today?
The platinum rate in Borama today is SOS 1,056,593 per troy ounce for 24K, and SOS 1,056,593 per troy ounce for 24K. These are live figures converted from international spot at the current SOS exchange rate.
What is the price of 1 gram of gold in Borama?
One gram of 24K platinum costs SOS 33,970 in Borama, and 22K costs SOS 31,139 per gram. 18K works out at SOS 25,478.
Why is 22K cheaper than 24K in Borama?
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 SOS 2,831 less per gram here. The alloy makes it harder, which is why jewellery is usually 22K or below.
Is the gold rate in Borama different from other cities?
The underlying metal price is identical everywhere in Somalia — 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.