Gold Price in Madagascar Today

Live gold spot prices in Malagasy ariary (MGA).

Gold spot price per troy ounce 18,440,137.69 MGA
≈ $4,043.49 USD -87,606.26 MGA (-0.47%) Updated Wednesday, 28 October 2026, 2:27 PM
24K Gram 592,864.19 MGA
22K Gram 543,063.60 MGA
21K Gram 518,756.17 MGA
18K Gram 444,648.15 MGA
1 Kilo (24K) 592,864,193.71 MGA

Daily Gold Market Report in Madagascar (Wednesday, 28 October 2026, 2:27 PM)

Declining Today
24K Gram Change -2,816.61 MGA
Ounce Change -87,606.26 MGA (-0.47%)
7-Day Trend -1.68%
30-Day Trend -2.50%

Gold prices in Madagascar edged lower today (Wednesday, 28 October 2026, 2:27 PM), with the live spot price per troy ounce retreating by -87,606.26 MGA (-0.47%) from the previous session’s close of 18,527,743.96 MGA to trade at 18,440,137.69 MGA (equivalent to $4,043.49 USD internationally). On a per-gram basis, pure 24K gold declined by -2,816.61 MGA today to stand at 592,864.19 MGA ($130.00 USD) in Malagasy ariary (MGA).

Across local jewelry and bullion counters in Madagascar today, 22K gold is priced at 543,063.60 MGA per gram, 21K gold stands at 518,756.17 MGA per gram, and 18K gold trades at 444,648.15 MGA per gram (excluding local jeweler workmanship fees), with 22K serving as the primary retail jewelry standard. For physical bullion and coin buyers, 1 Tola (11.66g) of 24K gold is valued at 6,915,051.64 MGA, an 8-gram Gold Pound (21K) is valued at 4,150,049.36 MGA, and a 1-kilogram 24K investment bar is valued at 592,864,193.71 MGA.

From a broader technical perspective, today’s ounce price of 18,440,137.69 MGA sits within a 30-day trading corridor between a monthly low of 18,076,650.34 MGA and a monthly high of 18,802,175.72 MGA, compared with a 52-week average of 19,290,166.09 MGA. Over recent horizons, gold in MGA has recorded a -1.68% change over the past 7 days, -2.50% over 30 days, and +2.22% over the past year, while the local exchange rate stands at 1 USD = 4,590.00 MGA and the live Gold-to-Silver Ratio tracks at 1 oz Gold ≈ 75.2 oz Silver.

Gold price per gram in Malagasy ariary

Purity Fineness / Hallmark Price per gram (MGA) Price per gram (USD)
24K 999 (100%) 592,864.19 MGA $130.00 USD
23K 965 (96.5%) 572,113.95 MGA $125.45 USD
22K Popular in Madagascar 916 (91.6%) 543,063.60 MGA $119.08 USD
21K 875 (87.5%) 518,756.17 MGA $113.75 USD
18K Popular in Madagascar 750 (75%) 444,648.15 MGA $97.50 USD
14K Popular in Madagascar 585 (58.5%) 346,825.55 MGA $76.05 USD
12K 500 (50%) 296,432.10 MGA $65.00 USD
10K 417 (41.7%) 247,224.37 MGA $54.21 USD
9K 375 (37.5%) 222,324.07 MGA $48.75 USD
8K 333 (33.3%) 197,423.78 MGA $43.29 USD

These are indicative spot-equivalent prices. Local retail prices may include taxes, dealer premiums and jewelry making charges.

Gold Price by Weight Unit in Madagascar (MGA)

Compare live gold prices in Malagasy ariary across standard international and regional weight measurements—including grams, troy ounces, tolas, and kilograms—for the most traded gold purities.

Weight Unit Metric Weight 24K (MGA) 22K (MGA) 21K (MGA) 18K (MGA) 24K (USD)
1 Gram 1.00 g 592,864.19 MGA 543,063.60 MGA 518,756.17 MGA 444,648.15 MGA $130.00 USD
1 Tola 11.66 g 6,915,051.64 MGA 6,334,187.30 MGA 6,050,670.18 MGA 5,186,288.73 MGA $1,516.31 USD
1 Troy Ounce 31.10 g 18,440,137.69 MGA 16,891,166.13 MGA 16,135,120.48 MGA 13,830,103.27 MGA $4,043.49 USD
100 Grams 100.00 g 59,286,419.37 MGA 54,306,360.14 MGA 51,875,616.95 MGA 44,464,814.53 MGA $13,000.12 USD
1 Kilogram (1,000 g) 1,000.00 g 592,864,193.71 MGA 543,063,601.44 MGA 518,756,169.49 MGA 444,648,145.28 MGA $130,001.22 USD

Gold Bars & Investment Bullion Prices in Madagascar (MGA)

Live spot-equivalent valuations for 24K (.9999 fine) investment gold bars, ingots, and bullion weights in Malagasy ariary (MGA) and US Dollars.

Bar / Bullion Weight Purity / Fineness Bullion Price (MGA) Bullion Price (USD)
1 Gram 24K (999.9 Fine) 592,864.19 MGA $130.00 USD
5 Grams 24K (999.9 Fine) 2,964,320.97 MGA $650.01 USD
10 Grams 24K (999.9 Fine) 5,928,641.94 MGA $1,300.01 USD
20 Grams 24K (999.9 Fine) 11,857,283.87 MGA $2,600.02 USD
1 Ounce (31.1 Grams) 24K (999.9 Fine) 18,440,137.69 MGA $4,043.49 USD
50 Grams 24K (999.9 Fine) 29,643,209.69 MGA $6,500.06 USD
100 Grams 24K (999.9 Fine) 59,286,419.37 MGA $13,000.12 USD
10 Tolas (116.65 Grams) 24K (999.9 Fine) 69,157,608.20 MGA $15,164.64 USD
250 Grams (1/4 Kilo) 24K (999.9 Fine) 148,216,048.43 MGA $32,500.31 USD
500 Grams (1/2 Kilo) 24K (999.9 Fine) 296,432,096.85 MGA $65,000.61 USD
1000 Grams (1 Kilo) 24K (999.9 Fine) 592,864,193.71 MGA $130,001.22 USD

Investment gold bars and coins typically carry a small minting and dealer premium of 1% to 3% above the intrinsic spot value shown above.

Gold Coins, Sovereign & Gold Pound Prices in Madagascar (MGA)

Live intrinsic gold valuations for popular regional and international gold coins—including the 8g Gold Pound (21K), British Sovereign (22K), and fractional 24K bullion coins—in Malagasy ariary (MGA) and US Dollars.

Coin / Sovereign Type Gross Weight & Purity Pure Gold (24K) Coin Value (MGA) Coin Value (USD)
Gold Pound (8g • 21K) 8.00 g • 21K 7.00 g 4,150,049.36 MGA $910.01 USD
British Gold Sovereign (7.99g • 22K) 7.99 g • 22K 7.32 g 4,341,176.42 MGA $951.92 USD
Half Gold Pound (4g • 21K) 4.00 g • 21K 3.50 g 2,075,024.68 MGA $455.00 USD
Quarter Gold Pound (2g • 21K) 2.00 g • 21K 1.75 g 1,037,512.34 MGA $227.50 USD
1 oz Bullion Coin (Krugerrand / Eagle / Maple) 31.10 g • 24K 31.10 g 18,440,137.69 MGA $4,043.49 USD
1/2 oz Bullion Coin 15.55 g • 24K 15.55 g 9,220,068.85 MGA $2,021.75 USD
1/4 oz Bullion Coin 7.78 g • 24K 7.78 g 4,610,034.42 MGA $1,010.87 USD
1/10 oz Bullion Coin 3.11 g • 24K 3.11 g 1,844,013.77 MGA $404.35 USD

Gold coins typically carry a minting and dealer premium of 1.5% to 4% above their raw gold melt value.

Interactive Gold & Silver Calculator (MGA)

Calculate the exact spot value of any gold or silver weight and karat purity in Malagasy ariary (MGA) or switch between 150+ world currencies in real time.

18,582,340.41

Historical Gold Price Chart in Madagascar (MGA)

Track historical spot gold price movements in Malagasy ariary (MGA) per troy ounce across 1-month, 3-month, 6-month, 1-year, and multi-year timeframes.

Daily Market Indicators & Historical Range in Madagascar

Intraday trading benchmarks, bid/ask spread, and 52-week high/low performance for gold (XAU/MGA) per troy ounce.

Today’s Intraday Spot Indicators (MGA / oz)

Bid Price (Spot) 18,439,215.69 MGA
Ask Price (Spot) 18,441,059.70 MGA
Day’s High 18,564,501.19 MGA
Day’s Low 18,369,496.31 MGA
Today’s Open 18,527,743.96 MGA
Previous Close 18,440,183.30 MGA
24h Change -87,606.26 MGA
24h Change (%) -0.47%

Historical Highs, Lows & Averages (MGA / oz)

1-Month High 18,802,175.72 MGA
1-Month Low 18,076,650.34 MGA
6-Month High 20,116,279.07 MGA
6-Month Low 16,575,871.45 MGA
1-Year High (52W) 23,898,437.87 MGA
1-Year Low (52W) 16,575,871.45 MGA
1-Year Average 19,290,166.09 MGA

Gold Price Performance & Historical Returns in Madagascar (MGA)

Time Horizon Reference Date Historical Spot (MGA/oz) Net Change (MGA) Percentage Change
1 Day 2026-10-28 18,440,137.69 MGA -87,606.26 MGA -0.47%
1 Week 2026-10-20 18,797,968.59 MGA -315,817.50 MGA -1.68%
30 Days 2026-09-27 18,955,174.58 MGA -473,023.49 MGA -2.50%
6 Months 2026-04-27 19,438,819.53 MGA -956,668.44 MGA -4.92%
1 Year 2025-10-27 18,080,000.00 MGA +402,151.09 MGA +2.22%
5 Years 2021-10-27 7,109,515.26 MGA +11,372,635.83 MGA +159.96%
10 Years 2016-10-27 4,124,483.72 MGA +14,357,667.37 MGA +348.11%

Last 14 Days Daily Gold Price History in Madagascar (MGA)

Day-by-day closing spot gold prices in Malagasy ariary (MGA) per gram (24K, 22K, 21K, 18K) and per troy ounce over the past two weeks.

Date 24K Gram (MGA) 22K Gram (MGA) 21K Gram (MGA) 18K Gram (MGA) Ounce (MGA) Daily Change
2026-10-28 592,864.19 MGA 543,063.60 MGA 518,756.17 MGA 444,648.15 MGA 18,440,137.69 MGA +0.11%
2026-10-27 592,186.70 MGA 542,443.02 MGA 518,163.36 MGA 444,140.02 MGA 18,419,065.24 MGA +0.98%
2026-10-26 586,449.87 MGA 537,188.08 MGA 513,143.63 MGA 439,837.40 MGA 18,240,629.82 MGA +0.91%
2026-10-25 581,177.80 MGA 532,358.87 MGA 508,530.58 MGA 435,883.35 MGA 18,076,650.34 MGA +0.00%
2026-10-24 581,177.80 MGA 532,358.87 MGA 508,530.58 MGA 435,883.35 MGA 18,076,650.34 MGA -0.08%
2026-10-23 581,643.83 MGA 532,785.75 MGA 508,938.35 MGA 436,232.88 MGA 18,091,145.48 MGA -1.54%
2026-10-22 590,730.44 MGA 541,109.08 MGA 516,889.13 MGA 443,047.83 MGA 18,373,770.46 MGA -1.66%
2026-10-21 600,695.30 MGA 550,236.89 MGA 525,608.39 MGA 450,521.47 MGA 18,683,712.24 MGA -0.61%
2026-10-20 604,368.72 MGA 553,601.75 MGA 528,822.63 MGA 453,276.54 MGA 18,797,968.59 MGA +0.02%
2026-10-19 604,244.42 MGA 553,487.89 MGA 528,713.87 MGA 453,183.32 MGA 18,794,102.33 MGA +0.07%
2026-10-18 603,817.44 MGA 553,096.78 MGA 528,340.26 MGA 452,863.08 MGA 18,780,821.74 MGA +0.00%
2026-10-17 603,817.44 MGA 553,096.78 MGA 528,340.26 MGA 452,863.08 MGA 18,780,821.74 MGA +0.15%
2026-10-16 602,895.98 MGA 552,252.72 MGA 527,533.98 MGA 452,171.98 MGA 18,752,161.11 MGA +0.38%
2026-10-15 600,636.75 MGA 550,183.26 MGA 525,557.15 MGA 450,477.56 MGA 18,681,891.07 MGA +1.67%

Local Currency (MGA) vs. US Dollar Impact on Gold in Madagascar

Local gold prices in Madagascar are determined by two live markets: international spot gold (XAU/USD) and the Malagasy ariary (MGA) exchange rate. Even when global gold is flat, a weaker MGA raises local gold prices.

Exchange Rate & Gold Sensitivity (MGA)

1 US Dollar (USD/MGA) 1 USD = 4,590.00 MGA
1 Euro (EUR/MGA) 1 EUR = 5,102.32 MGA
Global Spot Gold (XAU/USD) $4,043.49 USD
Local Spot Gold (XAU/MGA) 18,440,137.69 MGA
±1%% Currency Move (24K Gram) ±5,928.64 MGA
±1%% Currency Move (1 Ounce) ±184,401.38 MGA

Currency & Monetary Profile (Madagascar)

Official Currency Malagasy ariary (MGA)
Symbol & Subunit Ar • Iraimbilanja
Central Bank / Authority Banky Foiben'i Madagasikara
Capital & Region Antananarivo • Africa

Local Gold Market Guide & Jewelry Making Charges in Madagascar

When buying gold jewelry or bullion in Madagascar, the retail price you pay at local goldsmiths and dealers combines the live international spot value in Malagasy ariary (MGA) with workmanship fees (making charges) and applicable local taxes.

Most Popular Gold Karats in Madagascar

22K .916 • 91.6%
543,063.60 MGA / g

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.

18K .750 • 75%
444,648.15 MGA / g

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.

14K .585 • 58.5%
346,825.55 MGA / g

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.

Estimated Jewelry Making Charges (Workmanship) in Madagascar (MGA)

Country-Specific Goldsmith Workmanship Benchmark in Madagascar • Typical Workmanship Fee / Gram 1,000.00 – 4,000.00 MGA
Est. 22K Retail Price with Workmanship / Gram 544,063.60 – 547,063.60 MGA
Category / Item Type Typical Markup Est. Making Charge / g (MGA) Est. Retail Price / g (22K MGA)
Investment Gold Bars & Coins (24K) 1% – 3% 5,928.64 – 17,785.93 MGA 598,792.84 – 610,650.12 MGA (24K)
Standard / Machine-Made Jewelry 6% – 12% 32,583.82 – 65,167.63 MGA 575,647.42 – 608,231.23 MGA (22K)
Handcrafted / Bridal & Designer Jewelry 12% – 22% 65,167.63 – 119,473.99 MGA 608,231.23 – 662,537.59 MGA (22K)
Retail Jewelry Pricing Formula: Final Retail Price = (Spot Gold Price per Gram × Weight in Grams) + Making Charges (Workmanship) + Local VAT / Taxes

Silver Price Today & Gold-to-Silver Ratio in Madagascar (MGA)

Compare live silver spot prices per gram, troy ounce, and kilogram in Malagasy ariary (MGA) alongside the real-time Gold-to-Silver Ratio.

Silver Spot Ounce 246,763.00 MGA
999 Pure Silver Gram 7,933.61 MGA
925 Sterling Gram 7,338.59 MGA
1 Kilo Silver (999) 7,933,614.56 MGA
Gold-to-Silver Ratio 1 oz Gold ≈ 75.2 oz Silver
Silver Grade / Fineness Fineness / Hallmark 1 Gram (MGA) 1 Troy Ounce (MGA) 1 Kilogram (MGA) 1 Gram (USD)
999 99.9% 7,925.68 MGA 246,516.23 MGA 7,925,680.95 MGA $1.73 USD
958 95.8% 7,600.40 MGA 236,398.95 MGA 7,600,402.75 MGA $1.66 USD
925 92.5% 7,338.59 MGA 228,255.77 MGA 7,338,593.47 MGA $1.60 USD
900 90% 7,140.25 MGA 222,086.70 MGA 7,140,253.10 MGA $1.56 USD
800 80% 6,346.89 MGA 197,410.40 MGA 6,346,891.65 MGA $1.38 USD

Silver Price Today & Gold-to-Silver Ratio in Madagascar (MGA) →

Regional Gold Price Comparison (Africa)

Compare today’s live 24K and 21K gold gram prices and troy ounce rates across countries in Africa in their respective local currencies.

Country Currency 24K Gram 21K Gram 1 Troy Ounce
Angola Angolan kwanza (AOA) 119,493.73 AOA 104,557.01 AOA 3,716,670.41 AOA
Benin West African CFA Franc (XOF) 76,756.79 XOF 67,162.19 XOF 2,387,403.12 XOF
Botswana Botswana Pula (BWP) 1,804.03 BWP 1,578.52 BWP 56,111.54 BWP
Burkina Faso West African CFA Franc (XOF) 76,756.79 XOF 67,162.19 XOF 2,387,403.12 XOF
Burundi Burundi Franc (BIF) 391,229.70 BIF 342,325.99 BIF 12,168,604.01 BIF
Cameroon Central African CFA Franc (XAF) 76,757.14 XAF 67,162.50 XAF 2,387,414.06 XAF
Cape Verde Cape Verdean escudo (CVE) 12,902.60 CVE 11,289.77 CVE 401,315.71 CVE
Central African Republic Central African CFA Franc (XAF) 76,757.14 XAF 67,162.50 XAF 2,387,414.06 XAF

Frequently Asked Questions

What is the gold price per gram in Madagascar today?
Today in Madagascar, 24K pure gold costs 592,864.19 MGA ($130.00 USD) per gram, 22K gold costs 543,063.60 MGA per gram, 21K gold costs 518,756.17 MGA per gram, and 18K gold costs 444,648.15 MGA per gram based on live international spot rates.
How much does 1 troy ounce and 1 kilogram of gold cost in Madagascar?
At current market rates in Madagascar, 1 troy ounce (31.1035 grams) of 24K fine gold is valued at 18,440,137.69 MGA ($4,043.49 USD), 1 tola (11.6638 grams) is 6,915,051.64 MGA, and 1 kilogram (1,000 grams) of 24K gold is valued at 592,864,193.71 MGA.
Which gold karats are most commonly used in Madagascar?
The most widely traded gold purities in Madagascar are 22K, 18K, 14K. 24K (.999 fineness) is the standard for investment bars and bullion coins, while 22K is widely preferred for everyday and fine jewelry due to its balance of gold purity and structural durability.
Why do retail gold jewelry prices in Madagascar differ from the spot gold price?
The prices shown in spot tables reflect raw international bullion rates in Malagasy ariary (MGA). Retail jewelry shops in Madagascar add a workmanship fee (making charge)—typically ranging from 6% to 20% of the gold value depending on design intricacy—along with dealer margins and any applicable national VAT or import duties.
How often are Madagascar gold prices updated on this page?
Gold prices for Madagascar in Malagasy ariary (MGA) are updated continuously throughout the global trading week using live XAU/USD spot feeds and real-time MGA foreign exchange rates.