Gold Price in Madagascar per Gram

Gold price is updated at Thursday 26 November 2020, 08:00 am, GMT (Thursday 26 November 2020, 11:00 am, Antananarivo time)

1 Gold Gram = 227,396.45 Malagasy ariary

The following table shows the latest gold price in Madagascar in Malagasy ariary (MGA) per Gram. 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 Gram are converted from USD to Malagasy ariary according to the latest exchange rates where 1 USD = 3,896.79 Malagasy ariary.

Gram is a unit for weighing gold used in Jewelleries in Madagascar. 1 Gram = 0.03215 troy ounce, 1 troy ounce = 31.104199066874 Gram. Today, Thursday 26 November 2020 in Madagascar, 1 Gram of gold = 227,396.45 Malagasy ariary.

Commonly Used Gold Gram Karats in Madagascar

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 Gram karats in Madagascar 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, Thursday 26 November 2020, the current price of gold Gram 24K in Madagascar is 227,169.05 Malagasy ariary.
• 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, Thursday 26 November 2020, the current price of gold Gram 22K in Madagascar is 208,295.15 Malagasy ariary.
• 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, Thursday 26 November 2020, the current price of gold Gram 21K in Madagascar is 198,971.89 Malagasy ariary.
• 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, Thursday 26 November 2020, the current price of gold Gram 18K in Madagascar is 170,547.34 Malagasy ariary.
• 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, Thursday 26 November 2020, the current price of gold Gram 14K in Madagascar is 133,026.92 Malagasy ariary.
• Karat 12 is also called (.500) and is 500/1000 pure. Practically, it is rarely used. Today, Thursday 26 November 2020, the current price of gold Gram 12K in Madagascar is 113,698.22 Malagasy ariary.
• 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, Thursday 26 November 2020, the current price of gold Gram 10K in Madagascar is 94,824.32 Malagasy ariary.
• Karat 9 is also called (.375) and is 375/1000 pure. Practically, it is sometimes used England and Canada. Today, Thursday 26 November 2020, the current price of gold Gram 9K in Madagascar is 85,273.67 Malagasy ariary.
• Karat 8 is practically never used in USA and Asia. It is the minimum accepted standard in Europe. Today, Thursday 26 November 2020, the current price of gold Gram 8K in Madagascar is 75,723.02 Malagasy ariary.