Gold PRICE Today | Gold Spot Price Chart | Live Price of Gold per Ounce | Markets Insider (2024)

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Historical Prices for Gold

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Unit conversion for Gold Price Today

ConversionGold Price(Spot)Price
1 Troy Ounce ≈ 31,10 GramGold PricePer 1 Gram82.23 USD
1 Troy Ounce ≈ 0,031 KilogramGold PricePer 1 Kilogram82229.07 USD
1 Troy Ounce ≈ 1,097 OunceGold PricePer 1 Ounce2331.16 USD

Precious Metals

NamePrice%UnitDate
Gold2,581.510.87USD per Troy Ounce9/13/24 02:01 PM
Palladium1,069.501.95USD per Troy Ounce9/13/24 02:01 PM
Platinum1,001.002.14USD per Troy Ounce9/13/24 02:01 PM
Silver30.572.14USD per Troy Ounce9/13/24 02:01 PM

Gold Price

Gold, a precious metal, mostly appears in alloys and only rarely in its pure form. Because of its physical properties, it is resistant to air, moisture, heat and many solvents. Gold also has a high density. Gold is regarded as a secure investment and is very popular as a means of coverage in times of crisis. Its high value and its rarity and uniqueness make gold a secure financial investment which also withstands inflation. (read more)

Gold was extracted in Egypt as early as 2000 B.C. and the first gold coins were minted in 50 B.C. in Rome. This shows that people have always been fascinated by gold and by its rarity, durability and beauty.

Because of its properties, gold is also one of the most important industrial raw materials. The yellow precious metal is easily workable and conducts electricity and heat. Because of its excellent conductivity, gold is used particularly in the electrical industry. Gold has also been used in dental technology for around 3000 years. However, gold is used most frequently in the jewelry industry. This line of business accounts for around 75 per cent of the gold worked. Apart from the Antarctic, where mining is not allowed due to international regulations, the precious metal is mined on all continents. With a market share of 16 per cent, South Africa is the most important producer of gold.

Global stocks of gold have continuously increased in recent decades and are currently at their highest level. This is also due to the fact that gold, unlike other raw materials, is virtually indestructible and is not consumed. As a result, the global quantity of gold is steadily increasing. The highest gold reserves are located in the USA (around 8.133 metric tons/287 million ounces). Germany has the second highest stocks of gold (3,417 metric tons /120 million ounces) followed by the International Monetary Fund with 3,217 metric tons /113 million ounces. Next is France (2,586 metric tons /91 million ounces). The price of gold has virtually experienced a surge in recent years. After the price of gold passed the mark of 1,000 US dollars per ounce for the first time in March 2008, by the end of 2011 it had already reached 1,600 US dollars per ounce.

Investments in gold are seen as a safe haven and a crisis-resistant capital investment. It is possible to invest in the yellow precious metal both in the form of securities and through a physical purchase. Gold in its physical form can be purchased from banks, coin and precious metal dealers as bars or bullion coins. However, the safe keeping of gold at banks usually gives rise to considerable costs which are not incurred when securities are traded. However, if gold is traded by way of a physically deposited purchase in the form of securities, trading or stock market fees must be paid. It is possible to invest in the precious metal on the stock exchange or through brokers in the form of gold certificates, gold funds or gold ETFs, without receiving any physical gold. Another form of investing in gold is Xetra-Gold, a no-par loan, which is denominated in gold holdings. This can be purchased on the stock exchange and transferred in the same way as a share.

The most important trading venues for trading in gold are Zurich, London, New York and Hong Kong. The most important stock exchanges are the New York Mercantile Exchange (COMEX), the Chicago Board of Trade, the Euronext/LIFFE, the London Bullion Market, the Tokyo Commodity Exchange, the Bolsa der Mercadorias e Futuros and the Korea Futures Exchange.

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Gold PRICE Today | Gold Spot Price Chart | Live Price of Gold per Ounce | Markets Insider (2024)

FAQs

Gold PRICE Today | Gold Spot Price Chart | Live Price of Gold per Ounce | Markets Insider? ›

Gold price forecast for next week : Increase or decrease

The gold rate predicted for tomorrow is Rs. 7395 for 1 gram of 24-carat gold, with a negligible change of 0.027%. Over the next week, the gold rate is expected to vary between Rs. 7395 and Rs. 7021 for 1 gram of 24-carat gold.

How much is 1 oz of gold today? ›

$2,584.30 USD

What is the gold spot price today? ›

Live Gold Spot Prices
Gold Spot PricesTodayChange
Gold Prices Per Ounce$2,583.00+5.00
Gold Prices Per Gram$83.05+0.16
Gold Prices Per Kilo$83,043.45+160.75

What's the price of gold on the Dow today? ›

GO IN-DEPTH ON Gold PRICE
Precious MetalsLastPrevious Close
Gold2,512.002,511.81
Palladium1,019.001,011.00
Platinum957.50954.00
Silver28.6828.71
24 more rows

What is the gold trend for next week? ›

Gold price forecast for next week : Increase or decrease

The gold rate predicted for tomorrow is Rs. 7395 for 1 gram of 24-carat gold, with a negligible change of 0.027%. Over the next week, the gold rate is expected to vary between Rs. 7395 and Rs. 7021 for 1 gram of 24-carat gold.

Is gold up or down today? ›

Gold Prices Today
Gold Spot PricesTodayChange
Per Ounce2,578.62−0.01%
Per Gram82.91−0.01%

Is 1 oz of gold a good investment? ›

And like all gold investments, 1-ounce bars can serve as a hedge against inflation. That means buying in now, while inflation remains high, could deliver big benefits.

What is the forecast for gold prices? ›

Gold price per troy ounce

Goldman Sachs Research forecasts the price will reach $2,700 by early next year, buoyed by interest rate cuts by the Federal Reserve and gold purchases by emerging market central banks.

What is the gold price forecast for 2024? ›

In 2024, gold prices have soared to record highs, reaching $2,409 per ounce. This surge has been driven, in part, by robust central bank demand—including from emerging markets such as China, India, and Turkey.

Which day of the week is gold cheapest? ›

In a week, the days, Monday, Tuesday, Thursday and Sunday are considered good for buying gold.

What month does gold go up the most? ›

Which month is best to buy gold? If you're eyeing the calendar, January, August, September, and December have historically been good months for buying gold. Prices tend to go up during these times, so you might catch a good deal.

Is gold going bullish or bearish? ›

Positive. Stronger EUR/USD is bullish for all dollar-denominated precious metals including gold.

How much is 1 oz of 14k gold? ›

The current 14k gold price is $47.91 per gram or $1490.15 per ounce.

How much is a 1 oz gold coin selling for? ›

American Eagles 1 Ounce
Weight:Spot Price:Buy Price:
1.00 oz$ 2,579.44$ 2,716.15

How much is 1 ounce of 18k gold worth? ›

18k 750 Gold Price per Gram & Ounce
Price per GramPrice per Ounce
18k 750 yellow gold$55.77$1734.35
18k 750 white gold$55.77$1734.35

How much is one 24K gold bar worth? ›

How much is a gold bar worth?
Gold bar sizePrice*
10-gram gold bar$808.10
100-gram gold bar$8,081
1-kilogram gold bar$80,810
* Prices as of August 27, 2024.
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