As of February 10, 2021, Gold Price in Kenya was 6,689.2 shillings per Gram. 10 Grams Gold Rate was selling at 66,892.2 shillings.
The table below shows the current today’s gold prices in Kenya in Kenyan Shilling (KES):
N/B: K as indicated in the tables means Karat
Gold Price in Different Quantities
The Prices depict an increase in almost all the gold prices. The price of 24K Gold price for instance increased from 6,513.35 shillings recorded last week to 6,689.2 shillings.
For the last 3.5 years, the price of gold has appreciated 82 percent from 1,150 shillings an ounce to 1,792 shillings. Its year-to-date performance stands at 42.8 percent.
Gold is viewed as a standard value for currencies all over the world. When the stocks are down, gold goes up. Investing in gold will help you balance your portfolio.
It also performs better in times of economic uncertainty and it is called a crisis commodity as it has excellent resilience. It acts as a hedge against inflation. Any decline in the value of the dollar increases the gold prices.
It is also a discreet method of transferring wealth to the next generation.