Gold, silver and exchange rates in Madagascar
Malagasy Ariary · MGA
Metal prices in Madagascar today
Gold price by karat in Madagascar
Each row is the pure-gold (24K) price scaled by that karat's gold content — 22K is 91.67% gold, 21K is 87.5%, 18K is 75%. A jeweller's counter price adds making charges on top, which is why a bracelet costs more per gram than the figures here.
Exchange rates in Madagascar
Mid-market reference rates — the midpoint between buy and sell, before any bank or exchange-house spread. What a counter quotes will differ from these.
| Currency | 1 unit in MGA |
|---|---|
| USD to MGAUS Dollar | 4,529.5858 |
| EUR to MGAEuro | 5,070.0535 |
| GBP to MGABritish Pound | 6,001.8362 |
| CHF to MGASwiss Franc | 5,438.9839 |
| JPY to MGAJapanese Yen | 28.6124 |
| ZAR to MGASouth African Rand | 274.7168 |
| NGN to MGANigerian Naira | 3.4024 |
| KES to MGAKenyan Shilling | 34.9425 |
| GHS to MGAGhanaian Cedi | 385.8941 |
Prices and rates for Madagascar are quoted in Malagasy Ariary (MGA). Metal prices are the international spot price converted at the live MGA rate — the wholesale benchmark a local jeweller's retail price is built on, before making charges, dealer margin and any local tax.