Venezuela · VES · October 2024
Gold Price in Venezuela — October 2024
In October 2024, the gold price in Venezuela closed at approximately Bs.145,164 per troy ounce, equivalent to Bs.54,438 per tola or Bs.4,667 per gram. This represents a +3.72% change on the month (Bs.139,957 open → Bs.145,164 close).
Open
Bs.139,957
per troy ounce
Close
Bs.145,164
per troy ounce
High
Bs.145,164
per troy ounce
Low
Bs.136,539
per troy ounce
All unit prices at October 2024 close — Venezuela
| Unit | Weight | Closing VES price |
|---|---|---|
| Troy ounce | 31.1035 g | Bs.145,164 |
| Gram | 1.0000 g | Bs.4,667 |
| 10 grams | 10 g | Bs.46,671 |
| Kilogram | 1,000 g | Bs.4,667,142 |
| Tola | 11.664 g | Bs.54,438 |
Karat-purity breakdown at October 2024 close
| Karat | Per gram | Per tola |
|---|---|---|
| 24KVENEZUELA STD | Bs.4,662 | Bs.54,383 |
| 22K | Bs.4,275 | Bs.49,865 |
| 21K | Bs.4,084 | Bs.47,633 |
| 18K | Bs.3,500 | Bs.40,828 |
| 14K | Bs.2,730 | Bs.31,846 |
| 10K | Bs.1,946 | Bs.22,700 |
Daily gold price in VES — October 2024
October 2024 gold market: Records above $2,700 into the US election
BullishA near-vertical run to records above $2,700.
Gold climbed to new records above $2,700 in October on a mix of US election uncertainty, Middle East conflict, easing expectations, and unrelenting central-bank demand. It was one of gold's strongest stretches of an already historic year.
What drove gold in October 2024
- US election uncertainty
- Middle East conflict
- ongoing Fed easing expectations
- record-pace central-bank buying
Key events in October 2024
- Oct 30Gold sets records above $2,700/oz
What happened next
The run paused sharply after the November US election result lifted the dollar.
For gold buyers in Venezuela
October's surge to $2,700 capped a near-vertical run; prudent buyers began watching for the inevitable consolidation.
The 2024 gold market: Above $2,500 — breakout to new highs
2024 saw gold break decisively above $2,000 and reach $2,790 by year-end. Central-bank buying continued at record pace. Geopolitical tensions (Middle East, Ukraine) and Fed rate cuts beginning in September drove the rally. Year close: $2,624.
Key drivers in 2024
Fed cuts begin, central-bank buying records, BRICS expansion, Middle East tensions, USD weakness
2024 XAU/USD high
$2,790 (Oct)
2024 XAU/USD low
$1,991 (Feb)
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 2024, Venezuela
Bs.139,957
$2,690.08/oz
Bs.138,571
$2,663.45/oz
Bs.138,549
$2,663.02/oz
Bs.138,925
$2,670.24/oz
Bs.138,374
$2,659.66/oz
Bs.138,374
$2,659.66/oz
Bs.138,034
$2,653.12/oz
Bs.136,539
$2,624.38/oz
Bs.137,144
$2,636.01/oz
Bs.138,469
$2,661.48/oz
Bs.138,750
$2,666.88/oz
Bs.138,750
$2,666.88/oz
Bs.138,859
$2,668.97/oz
Bs.139,717
$2,685.47/oz
Bs.140,307
$2,696.80/oz
Bs.141,652
$2,722.65/oz
Bs.142,585
$2,740.60/oz
Bs.142,585
$2,740.60/oz
Bs.143,021
$2,748.98/oz
Bs.143,518
$2,758.53/oz
Bs.142,727
$2,743.33/oz
Bs.142,962
$2,747.84/oz
Bs.142,867
$2,746.01/oz
Bs.142,867
$2,746.01/oz
Bs.144,403
$2,775.54/oz
Bs.145,159
$2,790.07/oz
Bs.145,164
$2,790.17/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 2024 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 2024 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 2024
What was the gold price in Venezuela in October 2024?
In October 2024, gold in Venezuela opened at Bs.139,957/oz and closed at Bs.145,164/oz — a move of +3.72% on the month. Per tola: ≈Bs.54,438; per gram: ≈Bs.4,667; per 10g: ≈Bs.46,671.
What was the 24K gold rate per tola in Venezuela in October 2024?
The 24K gold rate per tola in Venezuela at the October 2024 close was approximately Bs.54,438, derived from international XAU/USD spot of $2,790.17/oz times the 2024-end VES/USD exchange rate of 52.0271. 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 2024?
Venezuela's most-quoted retail standard is 24K per gram. At the October 2024 close, that worked out to approximately Bs.4,662 (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 2024 (sourced from gold-api.com), multiplied by the 2024-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 2024-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 2024 archive or the USD-only October 2024 page with the country-by-country list at the bottom.
Other markets? Compare October 2024 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 2024-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.