How this site's figures are produced

Kenya has no domestic gold fixing. The price on this site is the world gold price in US dollars per troy ounce multiplied by a shilling rate, and is labelled derived. This page explains the process, its limits, and what a reader should not conclude from it.

A derived price, not a local fixing

The price shown on this site is not a fixing from a Kenyan exchange, refiner, jeweller or association. It is the world gold price in US dollars per troy ounce multiplied by a shilling rate. No Kenyan body publishes a daily shilling gold rate, so any page that prints one has made the same multiplication. The result is a derived price: it tracks the world metal and the shilling, but it is not a price at which a Kenyan dealer has agreed to buy or sell.

For a buyer, that means the figure is a benchmark, not an offer. A jeweller will quote a different number because making charges, wastage and buy-back deductions are added on top. The derived price is the metal value before those costs, and it is the only honest number a page can show without inventing a trade that did not happen.

Two dollar rates, one gram

The world gold price is quoted in US dollars. To turn it into shillings, this site uses two rates: the Central Bank of Kenya's weighted average of registered interbank spot trades, and the open-market dollar from Binance P2P. The CBK rate is the official interbank rate; the open-market rate is the median of credible USDT advertisements in shillings, settled through M-Pesa or bank transfer.

In Kenya the two rates stay within a fraction of a per cent of each other. That is not true everywhere: in Nigeria and Pakistan the open-market dollar can carry a large premium over the official rate. Here, the shilling has a deep and liquid market, and the stablecoin price tracks it closely. A shilling gold price that jumps is therefore almost always the world metal moving, not a hidden dollar premium.

Where each input comes from

The world gold price is read from one source. The official shilling rate is the Central Bank of Kenya's weighted average of registered interbank spot trades. The open-market shilling rate is the median of credible Binance P2P USDT advertisements in shillings. They are three sources, and they are checked against each other before a reading is accepted.

A reading is refused if the world gold price is outside a plausible band, if the CBK rate differs from an independent exchange-rate source by more than two and a half per cent, if the CBK rate is more than five days old, or if the open-market dollar leaves a band of minus three to plus six per cent against the CBK rate or rests on too few advertisements. When a reading is refused, the previous one stays on the page. The history is this site's own: one row per day from the readings it has taken, so the table is short at first.

What this site refuses to print

This site does not print a 'Kenyan fixing' because none exists. It does not print jeweller prices, because they are individual quotes that depend on the piece, the karat, the weight and the shop. It does not print forecasts, because no one can promise where the metal will go. It does not invent a trade that did not happen.

The 22, 18 and 14 karat rows are the 24 karat gram multiplied by the karat over twenty-four. They carry no independent market information. A gram is one thirty-first and a tenth of a troy ounce, and ten-gram and kilogram figures are the gram figure multiplied out. These are arithmetic steps, not market observations, and they are shown as such.