Gold Spot Price (gold/ZAR)
ZAR 85,369.94
per troy ounce
Gold & Silver
1 oz
ZAR 85,369.94
1 gr
ZAR 2,744.71
1 kg
ZAR 2,744,705.11
Prev Close
ZAR 85,130.90
Open
ZAR 85,369.94
Day High
ZAR 85,689.28
Day Low
ZAR 83,839.27
1 oz
ZAR 1,389.38
1 gr
ZAR 44.67
1 kg
ZAR 44,669.64
Prev Close
ZAR 1,383.43
Open
ZAR 1,389.38
Day High
ZAR 1,407.14
Day Low
ZAR 1,352.79
Current Situation
As of March 6, 2026, gold prices are volatile, plunging on supply fears from potential Polish central bank sales and a US-Venezuela gold deal, but firming above $5,100 amid US dollar weakness and safe-haven demand (FXStreet, RoboForex).
Key Drivers
- Polish gold sales: Central bank governor considers selling reserves for defense, adding supply pressure (ZeroHedge reports).
- US-Venezuela deal: Up to 1,000 kg of Venezuelan gold entering US markets via Trump team brokered agreement (ZeroHedge).
- Geopolitical tensions: Markets assume a short war; prolonged conflict could lift gold as a safe haven (Peter Schiff on X).
- Dollar weakness: Renewed USD drop supports gold recovery despite profit-taking (FXStreet).
Short-Term Outlook (1-7 days)
Choppy trading likely with downside risks from supply news; watch $5,100 support and $5,186 resistance for direction amid medium confidence.
Long-Term Outlook (1-3 months)
Broader uptrend intact on safe-haven appeal if war drags on (Peter Schiff); analysts see strength above $5,100 but note supply uncertainties.
What to Watch
- Details on Polish sales scale/timing.
- Venezuela gold influx impact.
- Geopolitical war updates.
- US economic data releases.
Current price: ZAR 85,369.94/ troy oz
| Period | Start Price | Change | Change (%) | Trend |
|---|---|---|---|---|
| Today | ZAR 85,369.94 | +ZAR 239.03 | +0.28% | |
| 1 Week | ZAR 87,221.61 | -ZAR 1,851.67 | -2.12% | |
| 1 Month | ZAR 82,462.44 | +ZAR 2,907.50 | +3.53% | |
| 3 Months | ZAR 70,261.48 | +ZAR 15,108.45 | +21.50% | |
| 6 Months | ZAR 59,724.74 | +ZAR 25,645.19 | +42.94% | |
| 1 Year | ZAR 48,462.70 | +ZAR 36,907.23 | +76.16% | |
| Since 2026 | ZAR 72,224.60 | +ZAR 13,145.34 | +18.20% | |
| Since 2025 | ZAR 44,197.01 | +ZAR 41,172.93 | +93.16% | |
| Since 2024 | ZAR 34,334.23 | +ZAR 51,035.70 | +148.64% | |
| Since 2023 | ZAR 30,570.29 | +ZAR 54,799.65 | +179.26% | |
| Since 2022 | ZAR 29,808.55 | +ZAR 55,561.38 | +186.39% |
Market Summary
| Metal | Price | Prev Close | High | Low | Change |
|---|---|---|---|---|---|
Gold (XAU) | ZAR 85,369.94 | ZAR 85,130.90 | ZAR 85,689.28 | ZAR 83,839.27 | Today +239.03 (+0.28%) |
Silver (XAG) | ZAR 1,389.38 | ZAR 1,383.43 | ZAR 1,407.14 | ZAR 1,352.79 | Today +5.95 (+0.43%) |