Gold Price in Panama per Gram

Gold price is updated at Thursday 26 November 2020, 10:00 am, GMT (Thursday 26 November 2020, 05:00 am, Panama City time)

1 Gold Gram = 58.32 Panamanian balboa

The following table shows the latest gold price in Panama in Panamanian balboa (PAB) 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 Panamanian balboa according to the latest exchange rates where 1 USD = 1.00 Panamanian balboa.

Gram is a unit for weighing gold used in Jewelleries in Panama. 1 Gram = 0.03215 troy ounce, 1 troy ounce = 31.104199066874 Gram. Today, Thursday 26 November 2020 in Panama, 1 Gram of gold = 58.32 Panamanian balboa.

Commonly Used Gold Gram Karats in Panama

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 Panama 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 Panama is 58.26 Panamanian balboa.
• 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 Panama is 53.42 Panamanian balboa.
• 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 Panama is 51.03 Panamanian balboa.
• 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 Panama is 43.74 Panamanian balboa.
• 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 Panama is 34.12 Panamanian balboa.
• 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 Panama is 29.16 Panamanian balboa.
• 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 Panama is 24.32 Panamanian balboa.
• 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 Panama is 21.87 Panamanian balboa.
• 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 Panama is 19.42 Panamanian balboa.