Ghana · GHS · November 2025
Gold Price in Ghana — November 2025
In November 2025, the gold price in Ghana closed at approximately GH₵45,189 per troy ounce, equivalent to GH₵16,946 per tola or GH₵1,453 per gram. This represents a +5.68% change on the month (GH₵42,760 open → GH₵45,189 close).
Open
GH₵42,760
per troy ounce
Close
GH₵45,189
per troy ounce
High
GH₵45,346
per troy ounce
Low
GH₵42,632
per troy ounce
All unit prices at November 2025 close — Ghana
| Unit | Weight | Closing GHS price |
|---|---|---|
| Troy ounce | 31.1035 g | GH₵45,189 |
| Gram | 1.0000 g | GH₵1,453 |
| 10 grams | 10 g | GH₵14,529 |
| Kilogram | 1,000 g | GH₵1,452,851 |
| Tola | 11.664 g | GH₵16,946 |
Karat-purity breakdown at November 2025 close
| Karat | Per gram | Per tola |
|---|---|---|
| 24KGHANA STD | GH₵1,451 | GH₵16,929 |
| 22K | GH₵1,331 | GH₵15,523 |
| 21K | GH₵1,271 | GH₵14,828 |
| 18K | GH₵1,090 | GH₵12,710 |
| 14K | GH₵850 | GH₵9,913 |
| 10K | GH₵606 | GH₵7,067 |
Daily gold price in GHS — November 2025
November 2025 gold market: Institutions broaden the bull market
BullishBroadening institutional participation strengthened the trend.
Gold kept rising in November as institutional investors joined more aggressively. The market broadened from largely retail- and central-bank-driven demand to include hedge funds, asset managers, and pension allocations — wider participation that strengthened and stabilised the bull market.
What drove gold in November 2025
- hedge-fund and asset-manager buying
- pension-fund allocations
- momentum and FOMO
- continued central-bank demand
What happened next
With nearly every bullish factor present at once, gold finished the year near record highs.
For gold buyers in Ghana
November showed the rally maturing — when pensions and asset managers allocate, a bull market gains a deeper, steadier foundation.
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 Ghana gold market
Ghana 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
GHS (GH₵)
Daily gold price — November 2025, Ghana
GH₵42,760
$4,003.10/oz
GH₵42,760
$4,003.10/oz
GH₵43,056
$4,030.83/oz
GH₵42,742
$4,001.40/oz
GH₵42,632
$3,991.10/oz
GH₵42,942
$4,020.20/oz
GH₵43,021
$4,027.60/oz
GH₵42,744
$4,001.60/oz
GH₵42,860
$4,012.50/oz
GH₵44,044
$4,123.30/oz
GH₵44,327
$4,149.80/oz
GH₵44,989
$4,211.80/oz
GH₵45,346
$4,245.20/oz
GH₵44,985
$4,211.44/oz
GH₵43,610
$4,082.70/oz
GH₵43,870
$4,107.00/oz
GH₵43,822
$4,102.50/oz
GH₵43,611
$4,082.80/oz
GH₵44,154
$4,133.60/oz
GH₵43,907
$4,110.50/oz
GH₵43,807
$4,101.10/oz
GH₵43,434
$4,066.20/oz
GH₵43,558
$4,077.80/oz
GH₵44,271
$4,144.60/oz
GH₵44,429
$4,159.38/oz
GH₵44,585
$4,174.00/oz
GH₵44,521
$4,168.00/oz
GH₵45,150
$4,226.92/oz
GH₵45,081
$4,220.40/oz
GH₵45,189
$4,230.50/oz
How Ghana 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 GHS/USD exchange rate comes from exchangerate-api.com's 2025 year-end snapshot.
Conversion. Every GHS figure on this page is computed as XAU/USD price × GHS/USD rate. We use the year-end exchange rate consistently across all November 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 Ghana, add the country-specific levies described in the “Ghanagold market” section above.
FAQ — Ghana gold price in November 2025
What was the gold price in Ghana in November 2025?
In November 2025, gold in Ghana opened at GH₵42,760/oz and closed at GH₵45,189/oz — a move of +5.68% on the month. Per tola: ≈GH₵16,946; per gram: ≈GH₵1,453; per 10g: ≈GH₵14,529.
What was the 24K gold rate per tola in Ghana in November 2025?
The 24K gold rate per tola in Ghana at the November 2025 close was approximately GH₵16,946, derived from international XAU/USD spot of $4,230.50/oz times the 2025-end GHS/USD exchange rate of 10.6817. This is pure metal value; final retail rates include local taxes and dealer making charges.
What was the 24K gold rate per gram in Ghana in November 2025?
Ghana's most-quoted retail standard is 24K per gram. At the November 2025 close, that worked out to approximately GH₵1,451 (24K pure-metal value). Add local taxes and making charges for the final retail rate.
How was the local currency price calculated?
GHS prices on this page are computed from the verified international XAU/USD spot price for November 2025 (sourced from gold-api.com), multiplied by the 2025-end GHS/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 GH₵ figures here represent the international gold spot price converted to GHS at the 2025-end exchange rate. Ghana'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 Ghana? See live gold prices in Ghana 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 November 2025 page with the country-by-country list at the bottom.
Other markets? Compare November 2025 prices across other major gold-trading countries: Nigeria, Kenya, South Africa, Egypt, Zambia.
Disclaimer: Historical gold prices on this page reflect the international XAU/USD spot price for the requested period, converted to GHS 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 Ghana before transacting.