16k Gold Price in Eritrea (ERN)
Enter a weight to value 16k gold by the troy ounce for buyers and sellers in Eritrea, priced from the live gold market. 16 carat (667) is 66.67% gold, and every figure below is priced at that fineness. Priced in Eritrean Nakfa directly by the rates API — gold is quoting ERN 62,558.85 per troy ounce.
Value of 1 ozt of 16k Gold
ERN 41,705.90
ERN 41,705.90 per troy ounce · ERN 1,340.88 per gram
62,558.85 ÷ 31.1034768 × 0.6667 × 31.1035 = ERN 41,705.90
Prices on this page are delayed by up to 15 minutes. For real-time rates, use the CommodityPriceAPI.
Gold value by unit
One of each measure, at the current gold price.
| Measure | Detail | Value |
|---|---|---|
| Gram | 1 g | ERN 1,340.88 |
| 10 grams | 10 g | ERN 13,408.76 |
| Kilo | 1,000 g | ERN 1,340,875.82 |
| Troy ounce | 31.1034768 g | ERN 41,705.90 |
| Tola | 11.6638038 g | ERN 15,639.71 |
| Pennyweight | 1.5551738 g | ERN 2,085.29 |
| Baht (gold bar) | 15.244 g | ERN 20,440.31 |
| Bhori | 11.6638038 g | ERN 15,639.71 |
| Masha | 0.9719837 g | ERN 1,303.31 |
| Ratti | 0.121498 g | ERN 162.91 |
| Grain | 0.0647989 g | ERN 86.89 |
| Sovereign (fine gold) | 7.32238 g | ERN 9,818.40 |
| Tael (Hong Kong) | 37.7994 g | ERN 50,684.30 |
| Tael (Taiwan) | 37.5 g | ERN 50,282.84 |
| Tael / liang (mainland) | 50 g | ERN 67,043.79 |
Gold value by purity
One troy ounce at each purity commonly sold.
| Measure | Detail | Value |
|---|---|---|
| 24 carat (999.9 fine) | 99.99% pure | ERN 62,552.59 |
| 22 carat (916) | 91.67% pure | ERN 57,345.61 |
| 21 carat (875) | 87.50% pure | ERN 54,738.99 |
| 20 carat (833) | 83.33% pure | ERN 52,132.38 |
| 18 carat (750) | 75.00% pure | ERN 46,919.14 |
| 16 carat (667) | 66.67% pure | ERN 41,705.90 |
| 14 carat (585) | 58.33% pure | ERN 36,492.66 |
| 12 carat (500) | 50.00% pure | ERN 31,279.43 |
| 10 carat (417) | 41.67% pure | ERN 26,066.19 |
| 9 carat (375) | 37.50% pure | ERN 23,459.57 |
| 8 carat (333) | 33.33% pure | ERN 20,852.95 |
The same figure in other currencies
Every currency the rates API supports is available in the calculator above — pick it from the list and the figure is re-quoted in that currency without leaving this page.
How this is calculated
1 troy ounce = 31.1034768 g. This is the unit the spot market itself quotes, so no conversion is applied. Gold trades per troy ounce, so every figure here starts from that quote and is converted with the factor shown next to the result.
This is the spot-derived value, not the shop counter price in Eritrea. Local retail rates are set by the jewellers' association and usually sit above this figure once making charges and duty are added.
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Every unit — gram, ounce, tola, masha, tael, sovereign — is available in the calculator above without leaving the page.
Common questions
How much is 1 troy ounce of 16k gold worth today?
1 troy ounce is worth about ERN 41,705.90, from a spot price of ERN 62,558.85 per troy ounce.
How many grams are in 1 troy ounce?
1 troy ounce = 31.1034768 g. This is the unit the spot market itself quotes, so no conversion is applied.
What does 16k mean?
16 carat is 66.7% gold. At today's market that works out to ERN 1,340.88 per gram.
Is this the same as the 16k gold rate quoted in Eritrea?
Not exactly. This converts the international spot price into Eritrean Nakfa at the live exchange rate shown above. Local dealers add making charges, duty and their own margin, so the counter price in Eritrea is normally higher.
How often does this price update?
Every 15 minutes. The figure on this page is a cached quote and can be up to 15 minutes behind the market, and the timestamp above it always states when the price was actually taken. For real-time rates, request the same data from the CommodityPriceAPI directly.