Gold Price in Madagascar per Ounce

1 Gold Ounce = 12,366,514.08 Malagasy ariary

The following table shows the latest gold price in Madagascar in Malagasy ariary (MGA) per Ounce. The rates are updated every few minutes and are updated more frequently at times of strong price moves based on live spot gold price (Bid Price).

Gold prices per Ounce are converted from USD to Malagasy ariary according to the latest exchange rates where 1 USD = 4,716.91 Malagasy ariary.

Ounce is a unit for weighing gold used in Jewelleries in Madagascar. Today, Friday 20 December 2024 in Madagascar, 1 Ounce of gold = 12,366,514.08 Malagasy ariary.

Commonly Used Gold Ounce Karats in Madagascar

Note: Do not be confused between the two terms of "Karat" and "Carat". Carat is a unit of weight for diamonds where 1 carat= 0.2 grams. While a karat is a unit of purity of gold where gold 18 karat means gold which is 18/24 pure i.e. the absolutely pure gold should be karat 24.

The following are commonly used Ounce karats in Madagascar as well as other countries:

• Karat 24 is also called (.999) and is 999/1000 pure. Practically, it is never used in making jewelleries in America and Europe but sometimes used in Asia. Today, Friday 20 December 2024, the current price of gold Ounce 24K in Madagascar is 12,354,147.57 Malagasy ariary.
• 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. Today, Friday 20 December 2024, the current price of gold Ounce 22K in Madagascar is 11,327,726.90 Malagasy ariary.
• Karat 21 is also called (.875) and is 875/1000 pure. Practically, it is rarely used in making jewelleries except some countries in middle east. Today, Friday 20 December 2024, the current price of gold Ounce 21K in Madagascar is 10,820,699.82 Malagasy ariary.
• 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. Today, Friday 20 December 2024, the current price of gold Ounce 18K in Madagascar is 9,274,885.56 Malagasy ariary.
• 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. Today, Friday 20 December 2024, the current price of gold Ounce 14K in Madagascar is 7,234,410.74 Malagasy ariary.
• Karat 12 is also called (.500) and is 500/1000 pure. Practically, it is rarely used. Today, Friday 20 December 2024, the current price of gold Ounce 12K in Madagascar is 6,183,257.04 Malagasy ariary.
• Karat 10 is also called (.417) and is 417/1000 pure. Practically, it is sometimes used in Europe and never used in Asia. It is the minimum accepted standard in America. Today, Friday 20 December 2024, the current price of gold Ounce 10K in Madagascar is 5,156,836.37 Malagasy ariary.
• Karat 9 is also called (.375) and is 375/1000 pure. Practically, it is sometimes used England and Canada. Today, Friday 20 December 2024, the current price of gold Ounce 9K in Madagascar is 4,637,442.78 Malagasy ariary.
• Karat 8 is practically never used in USA and Asia. It is the minimum accepted standard in Europe. Today, Friday 20 December 2024, the current price of gold Ounce 8K in Madagascar is 4,118,049.19 Malagasy ariary.