24k Gold Price in Ethiopia (ETB)
Enter a weight to value 24k gold by the troy ounce for buyers and sellers in Ethiopia, priced from the live gold market. 24 carat (999.9 fine) is 99.99% gold, and every figure below is priced at that fineness. Priced in Ethiopian Birr directly by the rates API — gold is quoting ETB 649,846.15 per troy ounce.
Value of 1 ozt of 24k Gold
ETB 649,781.16
ETB 649,781.16 per troy ounce · ETB 20,890.95 per gram
649,846.15 ÷ 31.1034768 × 0.9999 × 31.1035 = ETB 649,781.16
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 | ETB 20,890.95 |
| 10 grams | 10 g | ETB 208,909.49 |
| Kilo | 1,000 g | ETB 20,890,949.48 |
| Troy ounce | 31.1034768 g | ETB 649,781.16 |
| Tola | 11.6638038 g | ETB 243,667.94 |
| Pennyweight | 1.5551738 g | ETB 32,489.06 |
| Baht (gold bar) | 15.244 g | ETB 318,461.63 |
| Bhori | 11.6638038 g | ETB 243,667.94 |
| Masha | 0.9719837 g | ETB 20,305.66 |
| Ratti | 0.121498 g | ETB 2,538.21 |
| Grain | 0.0647989 g | ETB 1,353.71 |
| Sovereign (fine gold) | 7.32238 g | ETB 152,971.47 |
| Tael (Hong Kong) | 37.7994 g | ETB 789,665.36 |
| Tael (Taiwan) | 37.5 g | ETB 783,410.61 |
| Tael / liang (mainland) | 50 g | ETB 1,044,547.47 |
Gold value by purity
One troy ounce at each purity commonly sold.
| Measure | Detail | Value |
|---|---|---|
| 24 carat (999.9 fine) | 99.99% pure | ETB 649,781.16 |
| 22 carat (916) | 91.67% pure | ETB 595,692.30 |
| 21 carat (875) | 87.50% pure | ETB 568,615.38 |
| 20 carat (833) | 83.33% pure | ETB 541,538.46 |
| 18 carat (750) | 75.00% pure | ETB 487,384.61 |
| 16 carat (667) | 66.67% pure | ETB 433,230.76 |
| 14 carat (585) | 58.33% pure | ETB 379,076.92 |
| 12 carat (500) | 50.00% pure | ETB 324,923.07 |
| 10 carat (417) | 41.67% pure | ETB 270,769.23 |
| 9 carat (375) | 37.50% pure | ETB 243,692.31 |
| 8 carat (333) | 33.33% pure | ETB 216,615.38 |
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 Ethiopia. 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 24k gold worth today?
1 troy ounce is worth about ETB 649,781.16, from a spot price of ETB 649,846.15 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 24k mean?
24 carat is refined gold at 999.9 fineness — 99.99% gold, the grade the spot price refers to. At today's market that works out to ETB 20,890.95 per gram.
Is this the same as the 24k gold rate quoted in Ethiopia?
Not exactly. This converts the international spot price into Ethiopian Birr at the live exchange rate shown above. Local dealers add making charges, duty and their own margin, so the counter price in Ethiopia 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.