South Africa Financial Market : Gold Currency Bond Stock prices charts [Monthly]

Spot Gold (XAU/USD) : Sign of physical gold: Au from Latin 'aurum'. Atomic number 79. Code: XAU. XAU refers to the ISO 4217 standard code for One troy ounce of physical gold. 1 troy ounce (oz t) = 31.1034768 grams. XAU = 99.99 percent pure gold = 24K gold. 24k gold means that all 24 parts in the gold are all pure gold without traces of any other metals. Gold is relatively rare element and is a precious metal that has been used for coinage, jewelry, and other arts throughout recorded history. In the past, a gold standard was often implemented as a monetary policy, but the world gold standard was abandoned for a fiat currency system after 1971. A total of 197,576 tonnes of gold exists above ground, as of 2019. The world consumption of new gold produced is about 50% in jewelry, 40% in investments, and 10% in industry.

South African Rand (Sign: R, Currency code: ZAR) : Country code ZA is an abbreviation of the Dutch Zuid-Afrika (South Africa). Official currency of South Africa. Central bank: South African Reserve Bank (SARB). South Africa is one of the BRICS economic alliance nations. South African people are striving to regaining sovereignty, such efforts of them will brighten their future.