Over the past few weeks, gold prices have remained resilient in the face of broad market volatility, decoupling somewhat from its typical price drivers — bonds and the dollar.
Despite the challenging macro backdrop of supply chain issues, surging inflation, and lingering pandemic risks, strategists have noted that some of the investment flows into gold have been very resilient.
Experts note that gold prices were set for second straight weekly gain amid fears of a possible Russian invasion on Ukraine, and as data showing a spike in US consumer prices boosted the metal’s appeal as a hedge against inflation.
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As of 14th February 2022, the 24K Gold Price in Kenya is 6,774.1 shillings per Gram, while 1 Kilo Gold Price is 79,136.8 shillings. An Ounce Price is 211,031.6 shillings, and Tola Gold Price is 79,136.8 shillings.
| Gold Unit | Gold Price in Kenyan Shilling |
| 1 Gram 24K | 6,774.1 KES |
| 1 Gram 23K | 6,491.9 KES |
| 1 Gram 22K | 6,209.6 KES |
| 1 Gram 21K | 5,927.3 KES |
| 1 Gram 18K | 5,080.6 KES |
| 1 Gram 16K | 4,516.1 KES |
| 1 Gram 14K | 3,951.6 KES |
| 1 Gram 10K | 2,822.5 KES |
| 1 Gram 9K | 2,540.3 KES |
Compared to 13th February the same year, the gold prices have marginally dropped
Yesterday Gold Rates in Kenya Shillings
Quantity 22K Gold Price 24K Gold Price
1 Gram 6,238.7 6,805.8
5 Grams 31,193.4 34,029.2
10 Grams 62,386.9 68,058.4
20 Grams 124,773.7 136,116.8
50 Grams 311,934.3 340,291.9
100 Grams 623,868.5 680,583.9
The current gold price is the moving average of the last four days (e.g., 6,741.2 KES). Therefore, it is expected that the gold price might rise.
Moreover, the minimum gold rate recorded on 28th January 2022 was 6,519.9 shillings. In comparison, the maximum recorded gold rate was 6,805.8 shillings, and it was observed on 13th February 2022.