per ounce, gram, and kilogram using real-time interactive gold price charts. View the price of gold for different currencies around the world and various time periods. Historical gold prices are provided for context and to help inform investment decisions.
By hovering your mouse within the graph of the gold prices chart you can also view the price of gold for specific days.
Gold Price Forecast: The Path To New All-Time Highs
Im not a perma-bull on gold, and I invest in a variety of asset classes depending on where value is in the market.or example, I sold my gold and silver coin collection at high levels in 2011 because…
We cannot value gold. It does not generate any cash flows, which we could discount. But it doesnt mean that the price of gold changes randomly. Market sentiment is powerful in the precious metals market but the same applies to other markets…
Gold has been a part of the human story since the dawn of civilization. One part store of wealth, one part ornament, and one part modern technology, gold stands at the crossroads of multiple financial, religious, and industrial trends.
Reserve your free copy of this detailed 36-page guide includes: 7 compelling reasons why NOW may be the opportune time to invest in Gold, pages of investment strategies to help you decide between physical gold (bullion), gold ETFs, gold…
Gold has been the best performing asset since the start of this year. Year-to-date the price of gold has increased from USD 1074.61 to USD 1279.47. That is a return of over 17%. In this article, I will discuss the five key drivers of the price…
Fed Balance Sheet Expansion, Unicorns, Unintended Consequences And The Gold Price
By Dave Kranzler – October 10, 2019 The Bank for International Settlements (BIS) the Central Bank of Central Banks released two reports on unconventional policy tools e.g. QE/money printing and interest rate suppression. It concluded that the extreme Central Bank…
Gold Price: Its All About Real Rates Not The Dollar
By Michael Pento – October 07, 2019 The Federal Reserves recent need to supply $100s of billions in new credit for the overnight repo market underscores the condition of dollar scarcity in the global financial system. This dearth of dollars and its concomitant strength has…
Fed Delivers More QE Light And Gold Price Responds
By Dave Kranzler – October 07, 2019 On October 4th, as I expected would happen, the Fed announced that it was extending its overnight and term repo operations out to November 26th (the November 12th two-week term repo matures on the 26th).
Forecasting Golds Short And Medium-Term Price Moves
By P. Radomski – October 07, 2019 Gold and silver closed Fridays session relatively unchanged, but mining stocks rallied to new October highs. This means changes, but not of the kind most investors would assume.
By Jack Chan – October 05, 2019 Our proprietary cycle indicator is down. Gold sector is on major buy signal. GLD is on short-term sell signal. GDX is on short-term sell signal. XGD.to is on short-term sell signal.
Gold Price Forecast – Still Looking For An Autumn Low
By AG Thorson – October 04, 2019The intermediate advance in gold prices peaked one month ago at $1566.20. Weve entered the declining and somewhat choppy phase of the cycle. The commitment of traders report (COT) is far from supporting a bottom. It will likely take a few…
By Craig Hemke – October 04, 2019 You didnt actually think that a couple of indictments were going to change things, did you? By now you must understand that The Banks will continue to manage and rig prices until the time comes that it is no longer profitable for them to do…
Stumbling Manufacturing And Rising Gold Price Now Or Later?
By Arkadiusz Siero – October 03, 2019 American manufacturers are scoring ever deeper recessionary readings. We havent seen this bad an ISM Manufacturing reading in quite a while. Can it take the broader economy with it? And what about gold when exactly will it get its shine?
When Will The Turnaround In Gold Price Likely Come? Implications For Silver Price?
By P. Radomski – October 02, 2019 In yesterdays analysis, we emphasized that even though a big decline in gold is already underway, its likely that it wont be a straight move down and there will be periodic corrections. Moreover, we provided price targets from which the…
By Steve Saville – September 30, 2019 One of the past months interesting stock-market developments was the strength of the banking sector in both nominal terms and relative to the broad market. The strength in nominal dollar terms is illustrated by the top section of the…
What Impacts the Current Price of Gold per Ounce or Gram?
There are many factors that contribute to the current price of gold. The importance of each of these factors on gold prices varies depending on the current economic environment. The key factors that impact the price of Gold are:
For a detailed explanation, readWhat Affects The Price of Gold.
How is the Current Price of Gold Per Ounce Calculated?
Historically, gold has been highly valued going back thousands of years. Today, there are many contributing factors to the price of gold as mentioned above. In addition, as the central banks of the US, Europe, and other places, diversify their holdings (to include more gold or less) this has an impact on the price of gold per gram, and/or the price of gold per ounce. As central banks add more Gold and move away from paper money, the price of gold goes up.
The current real-time price of gold today, traditionally, has an inverse relationship to the value of the US dollar. When the value of the US dollar is strong, gold prices go down. The strength of major economies also had an inverse relationship at least when an economy has a significant downturn. This is due to the safe-haven status gold has traditionally had in the investment world. Gold prices are historically far more stable over the course of time than economies and other classes of investments.
Supply and demand, of course, also play a key role in the price of gold per gram or ounce. There is only so much gold to be mined and gold mining is not cheap. When gold demand outstrips gold supply, the price of gold goes up. The chief areas of gold demand are in gold jewelry. In 2017, 46% of demand for gold was for jewelry. There is also the use of gold in industry for such things as electronics and medical devices.
There are 31.1034807 grams in one troy ounce of gold. A troy ounce is a larger system of measurement for precious metals known as Troy weights. A regular ounce of gold is equal to 28.35 grams.
Lets say the spot gold price is currently 1,400. An ounce of gold will generally cost you a little more. You can compare the cost over spot prices of 1 ounce coins from several top reputable dealers to get a good sense. As market events impact gold prices, you can expect price fluctuation through the course of the day.
The price for an ounce or gram of gold remains mostly the same regardless of which country you are in. The price is determined by converting the current spot gold price for an ounce or gram of gold into the countrys currency. For example, the current spot gold price for 1 gram of gold would be converted into Indian Rupees according to the current exchange rate.
The total gold per gram value is calculated based on the current spot gold price. To see the goldprice per gram, select your currency in the drop down under the gold price chart at the top of this page. The chart shows the current price of gold per ounce, gram, and kilogram simultaneously.
How does the current gold price compare to historical gold prices?
The gold price increase from 1935, when President FDR raised gold value to $35 per ounce, compared to todays spot gold value of $1,335 represents an increase of approximately $3,700%.
The goldprice increase during this millennium (i.e. from January 2000) from $285/oz to todays spot gold value of $1,335 represents an increase of approximately $367%. Indeed, gold prices have tripled the Dow Index of only 113% during this millennium.
The price of gold per ounce is perhaps the most common way investors monitor the gold market. The image below shows a 1 ounce gold nugget and a 1 ounce gold coin – in this case a gold eagle coin. To see the current gold price per ounce, select your currency in the drop down under the chart at thetop of this page. The result chart will display the gold price per ounce, as well as gram and kilogram.
Is it true that the price of gold goes up when the stock market goes down?
Much of the time, the price of gold is negatively correlated to the stock market. More specifically, when the markets go down, gold prices often go up. That being said, there are times when the price of gold and the stock market both go up or down in unison. Overall, time has shown that gold prices are not tied to the movements of stocks and bonds and it is for this reason the gold should be an important consideration to protect the long-term value of your investment portfolio.
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