Krugerrand Prices

Krugerrand prices and the price of all gold coins will move in line with the current gold prices, since the value of krugerrands comes from the gold content of each coin.

Some gold coins may have a value that is far higher than their gold content alone because they are from a year when not many coins were minted, or because of their condition, or because of the mint in which they were produced.

However in most cases gold coins and krugerrands are valued according to their gold content, and so it is easy to work out how much each is worth from the market value of gold alone. The market or "spot" value of gold is determined and set each day by an independent body.

Buying and Selling Krugerrands

The price trend for gold has been very positive over the last two decades. The price of gold has increased dramatically and investors who have bought gold in previous years are now seeing huge returns on their investments.

Gold is seen as a safe haven for investors, this term means a reliable and secure place to keep money in times of market volatility. The best place to put your money during bad times is often called a safe haven, and gold has the reputation as the safest haven of all times.

During the coronavirus worldwide pandemic the price of shares and stocks on the traded markets was extremely volatile due to uncertainty the at the pandemic caused. This led to many investors turning to Gold as a safe haven for their money and in due course this led to an increase in the price of gold.

The price of gold is affected by many external factors and it’s important to remember that the price of gold is traded in US dollars, so the exchange rate of the local currency to the US dollar can have as dramatic an impact on the price of gold as the price of gold itself.

Find out more about how to buy krugerrands or sell krugerrands with Hatton Garden Metals.