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Last updated: n/a
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Currency | Mid price |
---|---|
USD | AWAITED |
GBP | AWAITED |
AUD | AWAITED |
CAD | AWAITED |
CHF | AWAITED |
EUR | AWAITED |
JPY | AWAITED |
ZAR | AWAITED |
INR | AWAITED |
CNY | AWAITED |
HKD | AWAITED |
The gold prices used in this table and chart are supplied by FastMarkets. Where the gold price is presented in currencies other than the US dollar, it is converted into the local currency unit using the foreign exchange rate at the time (or as close to as possible).
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The Islamic finance market is now valued at more than US$2tn and growing at a rapid rate. The association between Islamic finance and gold dates back many centuries but, until recently, Islamic savers were unclear whether they could invest in gold products. In 2016, the AAOIFI Shari’ah Standard on Gold, developed in collaboration with the World Gold Council, provided the clarity that investors needed.