Gold In Brunei: Affordable Luxury Or Expensive Investment?

is gold cheap in brunei

Gold prices in Brunei are given in Brunei Dollars (BND) and are measured per ounce, gram, and tola. The price of gold in the country is influenced by its purity, which is measured in carats or karats. The price of gold in Brunei has been fluctuating, with sources providing different prices for the same weights and carats. For example, one source states that on October 11, 2024, the price of gold per gram in 24 karat was BND 111.43, while another source states that on the same day, the price was BND 111.32. The price of gold in Brunei also depends on factors such as labour charges and commission fees.

Characteristics Values
Gold Price in Brunei Dollar (BND) 111.43 per gram (as of 11 October 2024)
Gold Price in Brunei Dollar (BND) 3,205.89 per ounce (as of 27 July 2024)
Gold Price in US Dollars (USD) 82.77 (as of 17 September 2024)
Gold Price in Indian Rupees (INR) 5,692.07 (as of 17 September 2024)
24K Gold Price in Brunei Dollar (BND) 103.08 per gram (as of 27 July 2024)
22K Gold Price in Brunei Dollar (BND) 94.49 per gram (as of 27 July 2024)
21K Gold Price in Brunei Dollar (BND) 90.20 per gram (as of 27 July 2024)
18K Gold Price in Brunei Dollar (BND) 77.31 per gram (as of 27 July 2024)

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Gold price in Brunei in October 2024

The price of gold in Brunei in October 2024 is influenced by fluctuations in the exchange rate for the Brunei Dollar and changes daily. On 11 October 2024, the price of gold per gram in Brunei was 111.43 Brunei Dollars. By 23 October 2024, the highest 24-carat market gold price in Brunei per gram was recorded at BND 120.90. The highest price of 24K gold per ounce in October 2024 was $3,571.91 on 18 October 2024.

On 29 October 2024, the 22-carat gold price per gram in Brunei was BND 110.00, and the 24-carat gold rate per gram was BND 120.50. The 18-carat gold cost per gram was BND 90.00, and the 14-carat gold price per gram was BND 70.00. The 24K gold price in Brunei on this day was 1,113.70 Brunei Dollars per 10 grams.

The average price of gold in 2024 was $3,098.54 per ounce. The price of 24K gold in BND was up +30.70% in 2024.

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Gold rate in Brunei per gram

The gold rate in Brunei per gram varies depending on the karat of the gold. Karat is a unit of purity of gold, with 24 karat gold being the most pure.

On 11 October 2024, the price of gold per gram in Brunei was as follows:

  • 24K gold: 111.32 Brunei Dollar
  • 22K gold: 102.07 Brunei Dollar
  • 21K gold: 97.50 Brunei Dollar
  • 18K gold: 83.57 Brunei Dollar
  • 14K gold: 65.19 Brunei Dollar
  • 12K gold: 55.72 Brunei Dollar
  • 10K gold: 46.47 Brunei Dollar
  • 9K gold: 41.79 Brunei Dollar
  • 8K gold: 37.11 Brunei Dollar

On 27 July 2024, the price of gold per gram in Brunei was as follows:

  • 24K gold: 103.08 Brunei Dollar
  • 22K gold: 94.49 Brunei Dollar
  • 21K gold: 90.20 Brunei Dollar
  • 18K gold: 77.31 Brunei Dollar

Gold rates in Brunei are updated frequently and are influenced by various factors, including the live spot gold price and exchange rates.

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Gold price in Brunei in Bruneian Dollar

The price of gold in Brunei is given in Bruneian dollars (BND). The price of gold per gram in BND depends on the karat value of the gold, which is a measure of its purity. The higher the karat value, the higher the gold's purity and, therefore, its price per gram.

On 11 October 2024, the price of gold per gram in BND was as follows:

  • Karat 24 (999/1000 pure): 111.32
  • Karat 22 (916/1000 pure): 102.07
  • Karat 21 (875/1000 pure): 97.50
  • Karat 18 (750/1000 pure): 83.57
  • Karat 14 (585/1000 pure): 65.19
  • Karat 12 (500/1000 pure): 55.72
  • Karat 10 (417/1000 pure): 46.47
  • Karat 9 (375/1000 pure): 41.79
  • Karat 8 (rarely used): 37.11

On 29 October 2024, the market price of 22-carat gold in Brunei was BND 110.00 per gram, and the market price of 24-carat gold was BND 120.50 per gram.

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Gold price in Brunei in 2024

The price of gold in Brunei in 2024 is measured in grams, tolas, sovereigns, pavans, ounces, and kilograms. The price of gold in Brunei depends on its purity, which is measured in carats or karats. The price of gold in Brunei in 2024 varies depending on the number of carats.

On 15 October 2024, the price of 24-karat gold in Brunei was 1,113.70 Brunei dollars per 10 grams. The price of 22-karat gold in Brunei on the same day was 1,020.20 Brunei dollars per 10 grams. The price of 21-karat gold in Brunei on 11 October 2024 was 97.50 Brunei dollars per gram. The price of 18-karat gold in Brunei on the same day was 83.57 Brunei dollars per gram.

The price of 14-karat gold in Brunei on 11 October 2024 was 65.19 Brunei dollars per gram. The price of 12-karat gold in Brunei on the same day was 55.72 Brunei dollars per gram. The price of 10-karat gold in Brunei on 11 October 2024 was 46.47 Brunei dollars per gram. The price of 9-karat gold in Brunei on the same day was 41.79 Brunei dollars per gram. The price of 8-karat gold in Brunei on 11 October 2024 was 37.11 Brunei dollars per gram.

On 29 October 2024, the market price of 22-carat gold in Brunei was BND 110.00 per gram, while the market price of 24-carat gold was BND 120.50 per gram.

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Gold price in Brunei compared to other countries

The price of gold in Brunei is dependent on the weight and purity of the gold in question. Gold is measured in grams, tolas, sovereigns, pavans, ounces, and kilograms. The purity of gold is measured in carats or karats. The higher the number of carats, the higher the gold purity.

On 29 October 2024, the price of 24-carat gold per gram in Brunei was BND 120.50, while the price of 22-carat gold per gram was BND 110.00. The price of 24-carat gold in Brunei reached a high of BND 120.90 on 23 October 2024 and a low of BND 114.74 on 9 October 2024.

In comparison to other countries, the price of gold in Brunei is relatively high. For example, on 27 July 2024, the price of gold per ounce in Brunei was 3,205.89 Brunei Dollar, while in India, it was 2,051.30 Indian Rupees (INR), which equalled 39.86 Brunei Dollar. On the same day, the price of gold per gram of 24K gold in Brunei was 103.08 Brunei Dollar, while in the United Arab Emirates, it was 204.50 UAE Dirham (AED), which equalled 20.65 Brunei Dollar.

Frequently asked questions

The price of gold fluctuates daily. As of October 29, 2024, the price of 24-carat gold per gram in Brunei is BND 120.50, while the price of 22-carat gold per gram is BND 110.00.

Gold in Brunei is sold by the gram, tola, sovereign, pavan, ounce, and kilogram. The price of gold per gram is cheaper than buying larger quantities, such as per ounce or kilogram.

Gold is often seen as a safe investment to preserve value, especially when the local currency is expected to fall in value. In Brunei, gold is available in various forms, including minted coins, gold bars, biscuits, and coins.

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