Live · timestamped
Krugerrand price today,
A full one-ounce Krugerrand holds exactly one troy ounce of fine gold, so the gold in it is worth R68 370 right now. The half is R34 185, the quarter R17 093 and the tenth R6 837. These are melt values, the metal floor, worked from the live rand gold price and timestamped above.
| Coin | Fine gold | Melt value |
|---|---|---|
| 1 oz | 1 ozt | R68 370 |
| 1/2 oz | 0.5 ozt | R34 185 |
| 1/4 oz | 0.25 ozt | R17 093 |
| 1/10 oz | 0.1 ozt | R6 837 |
1 troy ounce = 31.10g fine · R68 370/oz
Melt value versus the coin price
There are two numbers on every Krugerrand and confusing them is how people get short-changed. The first is the melt value: the pure gold inside the coin, priced at today's rand gold rate. That is the table above, and it is the number a Krugerrand can never trade below for long. The second is the coin price: what a dealer actually charges or pays, which sits a little either side of melt.
When you buy a Krugerrand you pay a premium over spot, usually a few percent for a 1oz coin and proportionally more for the small fractionals, because minting a tenth-ounce coin costs almost as much as a full one. When you sell, you receive melt minus the dealer's margin. The good news for sellers is that Krugerrands are among the most liquid bullion coins in the world, so that margin is thin: a reputable dealer pays close to melt because they can resell the coin as a coin, not scrap.
How much is a Krugerrand worth by size
Every Krugerrand is 22 carat, 91.67% gold alloyed with copper for hardness, which is why a 1oz coin weighs 33.93g gross but contains exactly 31.10g of fine gold. You are always paid on the fine content, never the gross weight. The four standard sizes each hold a clean fraction of an ounce:
- 1oz, one full troy ounce of fine gold, R68 370 in metal today.
- 1/2oz, half an ounce, R34 185.
- 1/4oz, a quarter ounce, R17 093.
- 1/10oz, a tenth of an ounce, R6 837.
Reading a Krugerrand quote
A bank or dealer quote, including the widely searched FNB Krugerrand price, bundles the metal value and a premium into one figure. That is normal. The point of this page is to let you split them: take the quote, subtract the melt figure above for that coin size, and you are looking at the premium in rands. For a 1oz coin a fair buying premium is modest; anything far above it, or a selling offer far below melt, is worth a second opinion. Coins are also faked, so weigh yours (a genuine 1oz Krugerrand is 33.93g) and buy only from established dealers.
The Goldza desk
Common questions
Krugerrand value, answered
- How much is a Krugerrand worth today?
- A full 1oz Krugerrand holds exactly one troy ounce of fine gold, so its melt value is R68 370 at 27 Jul 2026, 12:30 SAST. A half is R34 185, a quarter R17 093 and a tenth R6 837. Melt is the metal floor; a dealer sells above it and buys a little below it.
- What is the 1oz Krugerrand price to sell in rands?
- Krugerrands are among the most liquid coins on earth, so a fair scrap-metal margin does not apply the way it does to jewellery. A reputable dealer buying a 1oz Krugerrand pays close to melt, often within a couple of percent, because they can resell it as a coin. Always price the offer against the melt figure on this page.
- Why is a Krugerrand heavier than one ounce?
- A 1oz Krugerrand weighs 33.93g gross but contains exactly 31.10g of fine gold. The extra mass is copper, which is why the coin is 22 carat (91.67% gold) and far more scratch-resistant than a pure 24ct coin. You are paid for the gold content, not the gross weight.
- Does the FNB or bank Krugerrand price match this?
- Bank and dealer prices quote the coin including a buy or sell premium over spot, so they sit above the melt figure here. This page gives you the underlying metal value so you can see the premium for what it is and judge whether a quote is fair.