🇿🇦Platinum Rate in Nigel Today
The platinum rate in Nigel today is R954.74 per gram for 24K, based on an international spot price of $1,854.00 per troy ounce. That is down R8.70 from the previous close. This is the international spot price converted into ZAR for Nigel, Gauteng. 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 South Africa's larger markets, with a population of around 140,644.
Platinum rate in Nigel — all karats and weights
| Weight | 24K | 22K | 21K | 18K | 14K |
|---|---|---|---|---|---|
| 1 Gram (1 g) | R954.74 | R875.18 | R835.40 | R716.06 | R556.93 |
| 1 Troy Ounce (31.1035 g) | R29,696 | R27,221 | R25,984 | R22,272 | R17,323 |
| 1 Kilogram (1,000 g) | R954,743 | R875,181 | R835,400 | R716,057 | R556,933 |
All figures in ZAR (Rand). 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 Nigel — questions
What is the platinum rate in Nigel today?
The platinum rate in Nigel today is R954.74 per gram for 24K, and R954.74 per gram for 24K. These are live figures converted from international spot at the current ZAR exchange rate.
What is the price of 1 gram of gold in Nigel?
One gram of 24K platinum costs R954.74 in Nigel, and 22K costs R875.18 per gram. 18K works out at R716.06.
Why is 22K cheaper than 24K in Nigel?
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 R79.56 less per gram here. The alloy makes it harder, which is why jewellery is usually 22K or below.
Is the gold rate in Nigel different from other cities?
The underlying metal price is identical everywhere in South Africa — 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.