Gold Price in Jamaica per Ounce

Gold price is updated at Wednesday 12 May 2021, 09:00 am, GMT (Wednesday 12 May 2021, 04:00 am, Kingston time)

1 Gold Ounce = 277,860.90 Jamaican Dollar

The following table shows the latest gold price in Jamaica in Jamaican Dollar (JMD) 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 Jamaican Dollar according to the latest exchange rates where 1 USD = 151.54 Jamaican Dollar.

Ounce is a unit for weighing gold used in Jewelleries in Jamaica. Today, Wednesday 12 May 2021 in Jamaica, 1 Ounce of gold = 277,860.90 Jamaican Dollar.

Commonly Used Gold Ounce Karats in Jamaica

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 Jamaica 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, Wednesday 12 May 2021, the current price of gold Ounce 24K in Jamaica is 277,583.04 Jamaican Dollar.
• 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, Wednesday 12 May 2021, the current price of gold Ounce 22K in Jamaica is 254,520.59 Jamaican Dollar.
• 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, Wednesday 12 May 2021, the current price of gold Ounce 21K in Jamaica is 243,128.29 Jamaican Dollar.
• 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, Wednesday 12 May 2021, the current price of gold Ounce 18K in Jamaica is 208,395.68 Jamaican Dollar.
• 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, Wednesday 12 May 2021, the current price of gold Ounce 14K in Jamaica is 162,548.63 Jamaican Dollar.
• Karat 12 is also called (.500) and is 500/1000 pure. Practically, it is rarely used. Today, Wednesday 12 May 2021, the current price of gold Ounce 12K in Jamaica is 138,930.45 Jamaican Dollar.
• 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, Wednesday 12 May 2021, the current price of gold Ounce 10K in Jamaica is 115,868.00 Jamaican Dollar.
• Karat 9 is also called (.375) and is 375/1000 pure. Practically, it is sometimes used England and Canada. Today, Wednesday 12 May 2021, the current price of gold Ounce 9K in Jamaica is 104,197.84 Jamaican Dollar.
• Karat 8 is practically never used in USA and Asia. It is the minimum accepted standard in Europe. Today, Wednesday 12 May 2021, the current price of gold Ounce 8K in Jamaica is 92,527.68 Jamaican Dollar.