Namibia · NAD · June 2021
Gold Price in Namibia — June 2021
In June 2021, the gold price in Namibia closed at approximately N$28,075 per troy ounce, equivalent to N$10,528 per tola or N$903 per gram. This represents a -7.17% change on the month (N$30,244 open → N$28,075 close).
Open
N$30,244
per troy ounce
Close
N$28,075
per troy ounce
High
N$30,298
per troy ounce
Low
N$27,953
per troy ounce
All unit prices at June 2021 close — Namibia
| Unit | Weight | Closing NAD price |
|---|---|---|
| Troy ounce | 31.1035 g | N$28,075 |
| Gram | 1.0000 g | N$903 |
| 10 grams | 10 g | N$9,026 |
| Kilogram | 1,000 g | N$902,648 |
| Tola | 11.664 g | N$10,528 |
Karat-purity breakdown at June 2021 close
| Karat | Per gram | Per tola |
|---|---|---|
| 24KNAMIBIA STD | N$902 | N$10,518 |
| 22K | N$827 | N$9,644 |
| 21K | N$790 | N$9,212 |
| 18K | N$677 | N$7,896 |
| 14K | N$528 | N$6,159 |
| 10K | N$376 | N$4,390 |
Daily gold price in NAD — June 2021
June 2021 gold market: Hawkish Fed 'dot plot' slams gold
BearishA hawkish Fed projection erased the spring rally in days.
Gold dropped sharply in June, from near $1,900 to about $1,770, after the Federal Reserve's updated projections signalled earlier rate hikes than markets expected. The hawkish surprise lifted the dollar and real yields, hitting gold hard.
June's drop is a clean case study in how much the Fed's posture — not just its actions — moves gold. The central bank did not raise rates; it merely revised its 'dot plot' of projected future hikes. That shift was enough to send the dollar and real yields up and gold down over 6% in a few sessions. For inflation hedgers, it was a frustrating message: even with inflation running hot, a credibly hawkish Fed could cap gold by promising to defend price stability.
What drove gold in June 2021
- hawkish Fed dot-plot surprise (Jun 16)
- dollar and real-yield spike
- fading inflation-hedge demand
- long liquidation
Key events in June 2021
- Jun 16Fed projects earlier hikes; gold sells off sharply
What happened next
The hawkish shock left gold range-bound and vulnerable into the summer.
For gold buyers in Namibia
June was a lesson in Fed sensitivity: even a shift in projections — not an actual hike — was enough to knock gold down over 6%.
Key terms this month
- Dot plot:
- The Fed's chart of individual policymakers' projections for future interest rates — a key signal of policy direction.
Related months to read
The 2021 gold market: Consolidation below 2020 highs
Gold traded mostly sideways in 2021 between $1,680 and $1,950 as the Fed signaled coming tightening. Cryptocurrency mania peaked in November. Inflation began running above target. Year close: $1,829.
Key drivers in 2021
Crypto-boom drawing capital, Fed taper announcement, inflation rising, equity rally
2021 XAU/USD high
$1,945 (Jun)
2021 XAU/USD low
$1,676 (Mar)
Era context — The modern bull market (2019 to today)
Gold's second major bull market of the 21st century. Driven by COVID stimulus, Russia sanctions, central-bank accumulation at record levels, and the structural shift toward a multi-polar reserve system. New all-time highs reached repeatedly since 2020.
The Namibia gold market
Namibia retail gold prices are quoted in the local currency per gram for 24K and 22K purities, and per troy ounce for investment-grade bullion. Local rates usually sit above the international XAU/USD spot price after import duties, sales taxes, and jewellery making charges are applied. Use this archive as the international reference price; final retail rates depend on your dealer and the date's exchange rate.
Standard quote unit
gram
Common purity
24K
Currency
NAD (N$)
Daily gold price — June 2021, Namibia
N$30,244
$1,899.40/oz
N$30,298
$1,902.80/oz
N$29,722
$1,866.60/oz
N$30,104
$1,890.60/oz
N$30,257
$1,900.20/oz
N$30,069
$1,888.40/oz
N$30,145
$1,893.20/oz
N$30,168
$1,894.60/oz
N$30,074
$1,888.70/oz
N$29,953
$1,881.10/oz
N$29,905
$1,878.08/oz
N$29,706
$1,865.60/oz
N$29,698
$1,865.10/oz
N$29,630
$1,860.80/oz
N$28,322
$1,778.70/oz
N$28,233
$1,773.10/oz
N$28,448
$1,786.63/oz
N$28,265
$1,775.10/oz
N$28,265
$1,775.10/oz
N$28,528
$1,791.60/oz
N$28,421
$1,784.90/oz
N$28,450
$1,786.70/oz
N$28,436
$1,785.83/oz
N$28,348
$1,780.30/oz
N$27,953
$1,755.50/oz
N$28,075
$1,763.20/oz
How Namibia gold prices are calculated on this page
Source. The international XAU/USD spot price comes from gold-api.com's historical archive (London PM-fix benchmark). The NAD/USD exchange rate comes from exchangerate-api.com's 2021 year-end snapshot.
Conversion. Every NAD figure on this page is computed as XAU/USD price × NAD/USD rate. We use the year-end exchange rate consistently across all June 2021 prices on this page.
Per-unit math. Per-gram = per-ounce ÷ 31.1035. Per-tola = per-gram × 11.664. Per-10g = per-gram × 10. Per-kilo = per-gram × 1000. Karat values multiply per-gram by the purity ratio (24K = 0.999, 22K = 0.916, 21K = 0.875, 18K = 0.750, 14K = 0.585, 10K = 0.417).
What this page does NOT include. Local sales tax / VAT, customs duty on imports, dealer making charges, jewellery design premiums, or coin numismatic premiums. To go from this pure-metal value to a final retail rate in Namibia, add the country-specific levies described in the “Namibiagold market” section above.
FAQ — Namibia gold price in June 2021
What was the gold price in Namibia in June 2021?
In June 2021, gold in Namibia opened at N$30,244/oz and closed at N$28,075/oz — a move of -7.17% on the month. Per tola: ≈N$10,528; per gram: ≈N$903; per 10g: ≈N$9,026.
What was the 24K gold rate per tola in Namibia in June 2021?
The 24K gold rate per tola in Namibia at the June 2021 close was approximately N$10,528, derived from international XAU/USD spot of $1,763.20/oz times the 2021-end NAD/USD exchange rate of 15.923. This is pure metal value; final retail rates include local taxes and dealer making charges.
What was the 24K gold rate per gram in Namibia in June 2021?
Namibia's most-quoted retail standard is 24K per gram. At the June 2021 close, that worked out to approximately N$902 (24K pure-metal value). Add local taxes and making charges for the final retail rate.
How was the local currency price calculated?
NAD prices on this page are computed from the verified international XAU/USD spot price for June 2021 (sourced from gold-api.com), multiplied by the 2021-end NAD/USD exchange rate from exchangerate-api.com. We use year-end rates as a single reference point for the entire month — for most stable currencies the within-year FX drift is small, but during currency crises (PKR 2022–23, TRY 2022, ARS 2024 etc.) the actual mid-month rate may differ.
Why does the retail price in shops differ from this number?
The N$ figures here represent the international gold spot price converted to NAD at the 2021-end exchange rate. Namibia's retail jewellers add (1) import duties and sales tax (varies by SKU and karat), (2) dealer making charges (typically 3–12% of metal value), and (3) a small premium for purity certification on bars. Always verify the exact day's retail rate with a reputable local dealer before transacting.
Want today's rate in Namibia? See live gold prices in Namibia with minute-by-minute updates and per-karat breakdowns.
Different month or year? Use the prev / next buttons above, or jump to the full 2021 archive or the USD-only June 2021 page with the country-by-country list at the bottom.
Other markets? Compare June 2021 prices across other major gold-trading countries: South Africa, Botswana, Zambia, Tanzania, Nigeria, Kenya.
Disclaimer: Historical gold prices on this page reflect the international XAU/USD spot price for the requested period, converted to NAD at the 2021-end exchange rate. They are intended for informational and educational use only and do not constitute investment advice or a price quote for buying or selling physical gold today. Always verify current local rates with a reputable bullion dealer in Namibia before transacting.