Gold has always stood firmly as a solid and trusted store of value. This timeless and rare metal has been a source of fascination for centuries, maintaining and even increasing its worth over time. At Gold and Diamond Traders, we get to experience the magic of gold daily. As Durbanville’s trusted gold buyers, here is what to know about how gold prices have risen over the past decade. If you’re considering investing in gold or selling your gold, take the time to understand gold prices in South Africa. 

Gold Prices Have Increased Significantly

Gold has performed incredibly well over the past 10 years, rising by more than 300% in South Africa between 2015 and 2025. This year alone, the price of gold rose by about 50%, which is truly monumental. Many factors are fundamental to the rising price of gold, which has recently soared to $4,100 an ounce. This increase surpasses the predictions of experts and analysts. If you have gold as part of your investment wealth portfolio or have held onto your gold, this is great news.

Although gold prices in rand have shown tremendous growth, our mining industry has experienced a serious decline in output. Local production is more expensive and difficult than ever. This just means that South Africa relies more on global markets to meet demand, and that locally sourced gold has become even more valuable due to limited availability.

It is interesting to note that gold prices are closely linked to the economy and geopolitical uncertainty. When global economic uncertainty is high, gold prices rise. Since gold prices are set on international markets in US dollars per ounce, the United States economy is a major influence.

What you Should Know:

As the rand weakens against the US dollar, gold becomes more expensive locally. Other factors influencing the price of gold include availability and buyer interest – as more people buy gold, the price tends to increase.

If you are a South African with gold assets, this means you will see strong returns if you sell now. You can also choose to hold on to your gold, as there is every indication that the price may continue to rise. So, is now a good time to sell gold jewellery? It is up to you whether you sell or hold on to your investment – it depends on your goals and needs. There is certainly a high demand for it, and by selling your gold, you can easily access cash. At Gold and Diamond Traders, we buy gold and jewellery through fair and transparent processes. We also buy and sell Krugerrands at our store in Durbanville, ensuring our clients can benefit from our honest valuations and genuine advice. Our friendly team have been operating successfully for several years, and we are dedicated to delivering excellent services. CONTACT US now to discuss your needs or arrange a consultation.