Venezuela · VES · October 2021
Gold Price in Venezuela — October 2021
In October 2021, the gold price in Venezuela closed at approximately Bs.8,232 per troy ounce, equivalent to Bs.3,087 per tola or Bs.265 per gram. This represents a +1.07% change on the month (Bs.8,145 open → Bs.8,232 close).
Open
Bs.8,145
per troy ounce
Close
Bs.8,232
per troy ounce
High
Bs.8,297
per troy ounce
Low
Bs.8,037
per troy ounce
All unit prices at October 2021 close — Venezuela
| Unit | Weight | Closing VES price |
|---|---|---|
| Troy ounce | 31.1035 g | Bs.8,232 |
| Gram | 1.0000 g | Bs.265 |
| 10 grams | 10 g | Bs.2,647 |
| Kilogram | 1,000 g | Bs.264,672 |
| Tola | 11.664 g | Bs.3,087 |
Karat-purity breakdown at October 2021 close
| Karat | Per gram | Per tola |
|---|---|---|
| 24KVENEZUELA STD | Bs.264 | Bs.3,084 |
| 22K | Bs.242 | Bs.2,828 |
| 21K | Bs.232 | Bs.2,701 |
| 18K | Bs.199 | Bs.2,315 |
| 14K | Bs.155 | Bs.1,806 |
| 10K | Bs.110 | Bs.1,287 |
Daily gold price in VES — October 2021
October 2021 gold market: Inflation worries steady gold
Range-boundInflation worries offset taper pressure.
Gold recovered toward $1,790–$1,800 in October as surging energy prices and persistent supply-chain disruptions drove inflation expectations higher, reviving some hedging demand even as the taper loomed.
What drove gold in October 2021
- surging energy prices
- rising inflation expectations
- supply-chain disruptions
- looming Fed taper
Key events in October 2021
- Oct 22Gold firms near $1,800 as inflation gauges climb
What happened next
November brought a sharp inflation-driven spike and an equally sharp reversal.
For gold buyers in Venezuela
October showed gold could still catch a bid on inflation fear, even with the Fed preparing to tighten.
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 Venezuela gold market
Venezuela 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
VES (Bs.)
Daily gold price — October 2021, Venezuela
Bs.8,145
$1,776.85/oz
Bs.8,116
$1,770.58/oz
Bs.8,043
$1,754.60/oz
Bs.8,037
$1,753.20/oz
Bs.8,067
$1,759.70/oz
Bs.8,078
$1,762.10/oz
Bs.8,129
$1,773.30/oz
Bs.8,073
$1,761.10/oz
Bs.8,057
$1,757.70/oz
Bs.8,104
$1,767.80/oz
Bs.8,186
$1,785.70/oz
Bs.8,245
$1,798.70/oz
Bs.8,126
$1,772.70/oz
Bs.8,123
$1,772.11/oz
Bs.8,104
$1,767.90/oz
Bs.8,158
$1,779.60/oz
Bs.8,150
$1,778.00/oz
Bs.8,156
$1,779.30/oz
Bs.8,289
$1,808.30/oz
Bs.8,297
$1,810.08/oz
Bs.8,276
$1,805.30/oz
Bs.8,185
$1,785.60/oz
Bs.8,230
$1,795.30/oz
Bs.8,267
$1,803.50/oz
Bs.8,110
$1,769.20/oz
Bs.8,232
$1,795.84/oz
How Venezuela 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 VES/USD exchange rate comes from exchangerate-api.com's 2021 year-end snapshot.
Conversion. Every VES figure on this page is computed as XAU/USD price × VES/USD rate. We use the year-end exchange rate consistently across all October 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 Venezuela, add the country-specific levies described in the “Venezuelagold market” section above.
FAQ — Venezuela gold price in October 2021
What was the gold price in Venezuela in October 2021?
In October 2021, gold in Venezuela opened at Bs.8,145/oz and closed at Bs.8,232/oz — a move of +1.07% on the month. Per tola: ≈Bs.3,087; per gram: ≈Bs.265; per 10g: ≈Bs.2,647.
What was the 24K gold rate per tola in Venezuela in October 2021?
The 24K gold rate per tola in Venezuela at the October 2021 close was approximately Bs.3,087, derived from international XAU/USD spot of $1,795.84/oz times the 2021-end VES/USD exchange rate of 4.584. This is pure metal value; final retail rates include local taxes and dealer making charges.
What was the 24K gold rate per gram in Venezuela in October 2021?
Venezuela's most-quoted retail standard is 24K per gram. At the October 2021 close, that worked out to approximately Bs.264 (24K pure-metal value). Add local taxes and making charges for the final retail rate.
How was the local currency price calculated?
VES prices on this page are computed from the verified international XAU/USD spot price for October 2021 (sourced from gold-api.com), multiplied by the 2021-end VES/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 Bs. figures here represent the international gold spot price converted to VES at the 2021-end exchange rate. Venezuela'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 Venezuela? See live gold prices in Venezuela 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 October 2021 page with the country-by-country list at the bottom.
Other markets? Compare October 2021 prices across other major gold-trading countries: Colombia, Brazil, Peru, Bolivia, Argentina, Mexico.
Disclaimer: Historical gold prices on this page reflect the international XAU/USD spot price for the requested period, converted to VES 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 Venezuela before transacting.