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What is the current price of gold per ounce?

What is the current price of gold per ounce?

Gold Spot Prices Gold Price Spot Change; Gold Price Per Ounce: $1,864.00: $3.50: Gold Price Per Gram: $59.93: $0.11: Gold Price Per Kilo: $59,928.95: $112.53: Live Metal Spot Prices (24 Hours) Last Updated: 12/15/2020 9:30:15 PM ET

What is the current price of gold on the spot market?

The current Gold spot price is a click away. View the spot price of Gold and plan your purchase today. Opens in a new windowOpens an external siteOpens an external site in a new window Gold $1,835.20($1.90) Silver $26.49$0.06 Platinum $1,150.60($3.60)

Why is the gold rate different than it was yesterday?

On the flip side, even with constant demand, the gold rate today might be different than it was yesterday due to supply issues. Like mentioned above, gold demand is more than its supply and with no new mining capacity coming through, most of the gold is being recycled.

Why is the price of gold going down in India?

An exception is the Government of India’s Sovereign Gold Bonds which offer 2.50% fixed interest annually. When the RBI hikes interest rates, people start selling gold to invest in bank deposits and government bonds. This causes the demand for gold to fall which also causes the price to dip.

How is the spot price of gold determined?

The gold spot price is basically the cost of a single troy ounce of gold at any given moment in time. The spot price of gold is set by different authorities in different areas. For instance, in the UK, the LBMA sets the spot price of gold.

How much is one kilogram of gold worth?

Gold Price Per 1 Kilogram 59514.25 USD 1 Troy Ounce ≈ 1,097 Ounce Gold Price Per 1 Ounce 1687.20 USD

Is the price of gold always going up or down?

Markets do not usually go straight up or straight down in price, and gold is no exception. While gold can be volatile, gold prices are often no more volatile than the stock market or a particular equity.

How many ounces of gold are in a troy ounce?

The ounces Americans know in everyday life are actually called avoirdupois ounces. The Gold price is measured in troy ounces, which are equal to 1.09711 avoirdupois ounces. This is also true of other Precious Metals, including Silver, Platinum and Palladium.

How to calculate the value of gold for free?

Gold Price Calculator is a free service provided by Gold Price OZ website, by which you can easily calculate the value of your gold. You can entry the gold weight, select your required currency and measurement unit, the purity of gold, real-time gold price or historical gold price to calculate the total amount of gold. Gold Price Per Ounce

Why are gold and silver prices so different?

The reason gold and silver prices vary widely boils down to one simple fact: rarity. The less supply there is of a metal, the higher the price. Therefore, gold prices tend to be much higher than silver prices because it is much harder to get.