Uganda · UGX · July 2025
Gold Price in Uganda — July 2025
In July 2025, the gold price in Uganda closed at approximately USh11,964,063 per troy ounce, equivalent to USh4,486,596 per tola or USh384,653 per gram. This represents a -1.28% change on the month (USh12,118,828 open → USh11,964,063 close).
Open
USh12,118,828
per troy ounce
Close
USh11,964,063
per troy ounce
High
USh12,410,965
per troy ounce
Low
USh11,964,063
per troy ounce
All unit prices at July 2025 close — Uganda
| Unit | Weight | Closing UGX price |
|---|---|---|
| Troy ounce | 31.1035 g | USh11,964,063 |
| Gram | 1.0000 g | USh384,653 |
| 10 grams | 10 g | USh3,846,533 |
| Kilogram | 1,000 g | USh384,653,256 |
| Tola | 11.664 g | USh4,486,596 |
Karat-purity breakdown at July 2025 close
| Karat | Per gram | Per tola |
|---|---|---|
| 24KUGANDA STD | USh384,269 | USh4,482,109 |
| 22K | USh352,342 | USh4,109,722 |
| 21K | USh336,572 | USh3,925,771 |
| 18K | USh288,490 | USh3,364,947 |
| 14K | USh225,022 | USh2,624,658 |
| 10K | USh160,400 | USh1,870,910 |
Daily gold price in UGX — July 2025
July 2025 gold market: Asian physical demand underpins the rally
BullishResilient Asian physical demand underpinned the trend.
Gold stayed strong through July, supported by resilient physical demand from Asia. China and India — the world's two largest gold consumers — continued to anchor global demand, while reserve diversification and firm investor confidence kept the bull market on track.
What drove gold in July 2025
- strong physical demand from China and India
- reserve diversification
- investor confidence
- steady ETF demand
What happened next
Renewed safe-haven and ETF flows drove gold to fresh highs in August.
For gold buyers in Uganda
July highlighted gold's dual engine in 2025 — Western ETF money and Eastern physical demand pulling together.
The 2025 gold market: Continued bull market and de-dollarization signals
2025 saw gold continue its bull market with prices reaching new highs above $3,000/oz. BRICS+ expansion (UAE, Iran, Egypt, Ethiopia) accelerated. Central-bank buying remained at record levels. The era of structural gold appreciation continued through the year.
Key drivers in 2025
Continued central-bank buying, BRICS+ settlement infrastructure, USD reserve share declining, AI-era productivity boom
2025 XAU/USD high
Above $3,000
2025 XAU/USD low
$2,580 (approx)
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 Uganda gold market
Uganda 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
UGX (USh)
Daily gold price — July 2025, Uganda
USh12,118,828
$3,358.09/oz
USh12,148,547
$3,366.32/oz
USh12,139,290
$3,363.76/oz
USh12,073,375
$3,345.49/oz
USh12,046,091
$3,337.93/oz
USh12,068,214
$3,344.06/oz
USh12,075,053
$3,345.96/oz
USh12,052,082
$3,339.59/oz
USh11,987,484
$3,321.69/oz
USh12,020,902
$3,330.95/oz
USh12,157,713
$3,368.86/oz
USh12,114,479
$3,356.88/oz
USh12,178,067
$3,374.50/oz
USh12,182,038
$3,375.60/oz
USh12,149,558
$3,366.60/oz
USh12,189,453
$3,377.66/oz
USh12,080,520
$3,347.47/oz
USh12,130,539
$3,361.33/oz
USh12,092,177
$3,350.70/oz
USh12,092,177
$3,350.70/oz
USh12,280,920
$3,403.00/oz
USh12,393,516
$3,434.20/oz
USh12,410,965
$3,439.04/oz
USh12,246,563
$3,393.48/oz
USh12,176,624
$3,374.10/oz
USh12,046,344
$3,338.00/oz
USh12,046,344
$3,338.00/oz
USh12,073,483
$3,345.52/oz
USh12,032,883
$3,334.27/oz
USh12,034,796
$3,334.80/oz
USh11,964,063
$3,315.20/oz
How Uganda 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 UGX/USD exchange rate comes from exchangerate-api.com's 2025 year-end snapshot.
Conversion. Every UGX figure on this page is computed as XAU/USD price × UGX/USD rate. We use the year-end exchange rate consistently across all July 2025 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 Uganda, add the country-specific levies described in the “Ugandagold market” section above.
FAQ — Uganda gold price in July 2025
What was the gold price in Uganda in July 2025?
In July 2025, gold in Uganda opened at USh12,118,828/oz and closed at USh11,964,063/oz — a move of -1.28% on the month. Per tola: ≈USh4,486,596; per gram: ≈USh384,653; per 10g: ≈USh3,846,533.
What was the 24K gold rate per tola in Uganda in July 2025?
The 24K gold rate per tola in Uganda at the July 2025 close was approximately USh4,486,596, derived from international XAU/USD spot of $3,315.20/oz times the 2025-end UGX/USD exchange rate of 3,608.8509. This is pure metal value; final retail rates include local taxes and dealer making charges.
What was the 24K gold rate per gram in Uganda in July 2025?
Uganda's most-quoted retail standard is 24K per gram. At the July 2025 close, that worked out to approximately USh384,269 (24K pure-metal value). Add local taxes and making charges for the final retail rate.
How was the local currency price calculated?
UGX prices on this page are computed from the verified international XAU/USD spot price for July 2025 (sourced from gold-api.com), multiplied by the 2025-end UGX/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 USh figures here represent the international gold spot price converted to UGX at the 2025-end exchange rate. Uganda'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 Uganda? See live gold prices in Uganda with minute-by-minute updates and per-karat breakdowns.
Different month or year? Use the prev / next buttons above, or jump to the full 2025 archive or the USD-only July 2025 page with the country-by-country list at the bottom.
Other markets? Compare July 2025 prices across other major gold-trading countries: Kenya, Tanzania, Nigeria, South Africa, Ghana, Zambia.
Disclaimer: Historical gold prices on this page reflect the international XAU/USD spot price for the requested period, converted to UGX at the 2025-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 Uganda before transacting.