If you're looking for how much 1 kg of gold is worth in FCFA, know that no fixed figure exists: this price changes every day. And that's exactly what you need to understand before selling a bar or coins. A kilo of gold has no "official price" set in stone: its value follows the world rate, minute by minute.
| Karat | Purity | Price per gram (spot, USD) | Jayma Or buy-back price |
|---|---|---|---|
| … | |||
Do you own a bar or some coins, or are you thinking of investing? Good news: the value of a kilo of gold is calculated in a clear and verifiable way. Once you know the method, you'll never be caught off guard by a lowball offer again.
At Jayma Or, every day in Dakar we buy jewelry and broken gold, but also gold coins and bars. We test, we weigh in front of you and we pay cash, the same day, based on the world rate. Here, with full transparency, is how to estimate the value of a kilo of gold in FCFA.
In this guide, you'll discover:
- why the price of 1 kg of gold in FCFA is never fixed;
- the simple formula that gives the value of a bar;
- what sets a true investment gold bar apart;
- how to sell bars and coins at a fair price in Dakar.
Why 1 kg of gold has no fixed price in FCFA
The most common mistake is to believe that a kilo of gold is worth "a precise amount" in FCFA. In reality, the price of gold is a world rate that varies every day, sometimes from one hour to the next. This rate is generally quoted in US dollars per ounce, then converted into FCFA.
So two things are moving constantly: the world price of gold itself, and the exchange rate of the dollar against the CFA franc. That's why a figure you saw a month ago is worthless today.
Rather than chasing an out-of-date number, the right reflex is to check the price of gold in Senegal today. It's the only reliable reference for estimating the value of a kilo of gold at any given moment.
The formula for calculating the value of a gold bar
Good news: once you know today's rate, the calculation is elementary. The value of a bar rests on three elements:
- The weight. A one-kilo bar is 1,000 grams. But there are also bars and small bars of 500 g, 100 g, 50 g, 20 g, 10 g or even 1 g.
- The purity (the karat). An investment bar is generally 24-karat gold, meaning 99.9% pure gold. Coins can be 22K or 21K; a piece of jewelry 18K (75%) or 14K (58.3%).
- Today's price per gram. This is what turns weight and purity into FCFA.
So the logic is: weight × purity × today's price per gram = the value of the gold. For a one-kilo 24K bar, you simply multiply 1,000 g by today's price per gram of pure gold. Try it: note the rate, multiply, and you already have a realistic range.
At resale, it's the actual weight and the tested purity that count: that's why serious testing and weighing are essential.
Bar, coin or jewelry: what is investment gold?
We call investment gold gold held for its intrinsic value rather than to be worn. It mainly takes two forms:
- Bars and small bars. Generally 24K (99.9%), from a kilo down to a gram. The larger the format, the smaller the share of "craftsmanship" in the price.
- Gold coins. Napoleon, sovereign, various coins... Their value depends on their gold weight, and sometimes on a premium tied to their rarity.
By contrast, a piece of gold jewelry does contain gold, but its purchase price in the shop includes craftsmanship and margin. At resale, only the gold actually present is valued. If you want to dig deeper into this savings logic, read our article on how to invest in gold in Senegal.
How to sell a gold bar or coins in Dakar
Selling a bar or coins is nothing complicated when you go to the right person. Here's how to proceed:
- Note today's rate. Write down the price per gram of pure gold before you set out; you'll know roughly what your gold is worth.
- Have your gold weighed and tested. The exact weight and purity must be checked in front of you, on a precise scale.
- Insist on a transparent estimate. The price should be explained to you: weight × purity × rate. If anyone refuses to show you, be wary.
- Sell where you're paid cash and safely. An established dealer pays you in cash, immediately.
At Jayma Or, we buy back bars and coins at the world rate of the day. For details specific to large formats, also see our guide: selling gold coins and bars in Dakar.
Frequently Asked Questions
How much is 1 kg of gold worth in FCFA today?
There's no fixed amount: the value of a kilo of gold changes every day with the world rate and the dollar exchange rate. To know the value at any given moment, check the current rate shown on our homepage, then multiply the price per gram by 1,000.
Does a one-kilo bar really weigh 1,000 grams?
Yes. A one-kilo bar corresponds to 1,000 grams of gold. There are also smaller formats (500 g, 100 g, 50 g, 20 g, 10 g, 1 g) called small bars.
Do you buy gold bars and coins in Dakar?
Yes. We buy jewelry, but also gold coins and bars. The price is calculated on the world rate of the day, after testing and weighing in front of you, with cash payment the same day.
Do I need ID to sell a bar?
Yes. Verifying the seller's identity is a normal and protective practice that secures the transaction for both parties.
Does the price depend on the condition of the bar?
What matters above all is the weight of gold and its purity. Testing and weighing determine the real value, regardless of appearance.
Take action: get your gold valued
You now know that 1 kg of gold doesn't come down to a fixed figure, but to a simple calculation: weight × purity × today's rate. Only one step remains to learn the exact value of your bar or coins.
Get a free estimate, with no obligation: send a photo of your gold by WhatsApp to +221 78 111 66 87, or make an appointment. We test, weigh and pay cash the same day.
First of all, check the current rate to find out what your jewelry and gold are worth: in a few minutes you'll know what your bar is really worth.