Oct 26 , 2025
The price of gold, which surged sharply in recent weeks, has started to decline in the current selling market. Over the past 15 days, 21-carat gold has traded between 24,000 and 25,000 Br per gram for imported products and around 21,000 Br for local gold. Imported 18-carat gold sold for 21,000 Br, while local 18-carat pieces were priced at 19,000 Br. Traders note that the recent increase was twice as high as typical fluctuations, attributing the spike to export patterns from Arab countries. Data from the National Bank of Ethiopia(NBE) shows a recent drop in gold prices. 18-carat gold now costs around 99 dollars (14,970 Br), while 21-carat gold is priced at 115 dollars (17,465 Br). Market observers caution that predicting inflation trends remains risky despite the temporary stabilisation, with both domestic and foreign media urging buyers and sellers to exercise care in trading.
Loading your updates...