1. Gold coins minted by South Africa, containing one troy ounce of gold and widely traded as investment bullion.
Usage: Usually plural; named after Paul Kruger, former president of South Africa; First minted in 1967; Common in precious metals investment

Examples

• Many investors hold krugerrands as part of their precious metals portfolio.
• The price of krugerrands fluctuates with the spot price of gold.
• She inherited a collection of krugerrands from her grandfather.
• Krugerrands are recognized worldwide as a standard form of gold bullion.
• The dealer offered competitive prices on krugerrands and other gold coins.
• During economic uncertainty, demand for krugerrands typically increases.