Gold Price in Ethiopia per Ounce

1 Gold Ounce = 106,123.62 Ethiopian Birr

The following table shows the latest gold price in Ethiopia in Ethiopian Birr (ETB) per Ounce. The rates are updated every few minutes and are updated more frequently at times of strong price moves based on live spot gold price (Bid Price).

Gold prices per Ounce are converted from USD to Ethiopian Birr according to the latest exchange rates where 1 USD = 53.91 Ethiopian Birr.

Ounce is a unit for weighing gold used in Jewelleries in Ethiopia. Today, Monday 27 March 2023 in Ethiopia, 1 Ounce of gold = 106,123.62 Ethiopian Birr.

Commonly Used Gold Ounce Karats in Ethiopia

Note: Do not be confused between the two terms of "Karat" and "Carat". Carat is a unit of weight for diamonds where 1 carat= 0.2 grams. While a karat is a unit of purity of gold where gold 18 karat means gold which is 18/24 pure i.e. the absolutely pure gold should be karat 24.

The following are commonly used Ounce karats in Ethiopia as well as other countries:

• Karat 24 is also called (.999) and is 999/1000 pure. Practically, it is never used in making jewelleries in America and Europe but sometimes used in Asia. Today, Monday 27 March 2023, the current price of gold Ounce 24K in Ethiopia is 106,017.50 Ethiopian Birr.
• Karat 22 is also called (.916) and is 916/1000 pure. Practically, it is rarely used in making jewelleries in America and Europe but is commonly used in Asia. Today, Monday 27 March 2023, the current price of gold Ounce 22K in Ethiopia is 97,209.24 Ethiopian Birr.
• Karat 21 is also called (.875) and is 875/1000 pure. Practically, it is rarely used in making jewelleries except some countries in middle east. Today, Monday 27 March 2023, the current price of gold Ounce 21K in Ethiopia is 92,858.17 Ethiopian Birr.
• Karat 18 is also called (.750) and is 750/1000 pure. Practically, it is sometimes used in making jewelleries in America and Asia, and it is the most common in Europe. Today, Monday 27 March 2023, the current price of gold Ounce 18K in Ethiopia is 79,592.72 Ethiopian Birr.
• Karat 14 is also called (.585) and is 585/1000 pure. However, karat 14 should be 14/24 pure i.e. 583 but practically karat 14 is slightly higer in purity than this so it is called .585 and not .583. Practically, it is the most common in America and is sometimes used in Europe and rarely used in Asia. Today, Monday 27 March 2023, the current price of gold Ounce 14K in Ethiopia is 62,082.32 Ethiopian Birr.
• Karat 12 is also called (.500) and is 500/1000 pure. Practically, it is rarely used. Today, Monday 27 March 2023, the current price of gold Ounce 12K in Ethiopia is 53,061.81 Ethiopian Birr.
• Karat 10 is also called (.417) and is 417/1000 pure. Practically, it is sometimes used in Europe and never used in Asia. It is the minimum accepted standard in America. Today, Monday 27 March 2023, the current price of gold Ounce 10K in Ethiopia is 44,253.55 Ethiopian Birr.
• Karat 9 is also called (.375) and is 375/1000 pure. Practically, it is sometimes used England and Canada. Today, Monday 27 March 2023, the current price of gold Ounce 9K in Ethiopia is 39,796.36 Ethiopian Birr.
• Karat 8 is practically never used in USA and Asia. It is the minimum accepted standard in Europe. Today, Monday 27 March 2023, the current price of gold Ounce 8K in Ethiopia is 35,339.17 Ethiopian Birr.