Gold Price in US Dollars
| Gold Spot Price | Gold Price Today | Change |
| Gold price per ounce | 1,846.20 | -11.60 |
| Gold price per gram | 59.36 | -0.37 |
| Gold price per kilo | 59,356.71 | -372.95 |
| Gold price in pennyweight | 92.31 | -0.58 |
How much does gold cost per kg?
Gold Price Per Ounce: $1,847.90 ($10.20) Gold Price Per Gram: $59.41 ($0.33) Gold Price Per Kilo: $59,411.32 ($327.94) Live Metal Spot Prices (24 Hours) Last Updated: 11/22/2021 6:37:15 AM ET
How much does a kilogram of gold cost?
A kilogram is 1000 grams, so there are 1000/31.103 = 32.151 Troy ounces in a kilo, and therefore the price per kilo of gold is 1491.20 * 32.151 = $47,943.92. That’s a one-kilo bar, 2.2 pounds and the better part of 50 large, in that guy’s hand.
How much 1kg gold price?
Welcome to the 1k Gold Rate per Kilo (kg) in Dubai, and the current price of 1 kg gold is 8940.15800928 AED. The prices of 24K, 22K, 23K, 18K, 14K gold information is provided according to Dubai (Asia) time (GMT+04:00). We are providing the latest gold prices in the current exchange rate of UAE dirham (AED)
What is the value of one kilo of gold?
Welcome to the Gold Rate per Kilo (kg) in USA, and the current price of 1 kg gold is 58901.368428 USD. The prices of 24K, 22K, 23K, 18K, 14K gold information is provided according to New York (USA) time (GMT-04:00). We are providing the latest gold prices in the current exchange rate of US Dollar (USD)
Where can I find gold prices?
The current gold price can be readily found in newspapers and online. Although prices per ounce in dollars are typically used, you can also easily access the gold price in alternative currencies and alternative weights.
What are the factors that affect the price of gold?
The price of gold is in a constant state of flux, and it can move due to numerous influences. Some of the biggest contributors to fluctuations in the gold price include: 1 Central bank activity 2 Monetary policy 3 Interest rates 4 Currency market activity 5 Inflation/deflation 6 Geopolitics 7 Risk appetite or aversion 8 Jewelry demand 9 Investment demand
How is gold quoted?
Gold is usually quoted by the ounce in U.S. Dollars. The gold price can, however, be quoted in any currency by the ounce, gram or kilo. The price of gold is constantly on the move and can be affected by many different factors.
How many grams is 1 troy ounce?
Conversion : 1 troy ounce = 31.1034768 grams. On this page you can view the current price of gold per ounce, gram or kilo. Gold is usually quoted by the ounce in U.S. Dollars. The gold price can, however, be quoted in any currency by the ounce, gram or kilo.
Does gold have a currency?
Currency markets can have a dramatic effect on the gold price. Because gold is typically denominated in U.S. Dollars, a weaker dollar can potentially make gold relatively less expensive for foreign buyers while a stronger dollar can potentially make gold relatively more expensive for foreign buyers.
Is gold trading transparent?
While investors in the U.S. are sound asleep, for example, gold trading in Asian markets may be robust. The market is very transparent, and live gold prices allow investors to stay on top of any significant shifts in price. The current gold price can be readily found in newspapers and online.
Does gold pay dividends?
Because gold pays no dividends and does not pay interest, the gold price may potentially remain subdued during periods of high or rising interest rates. On the other hand, if rates are very low, gold may potentially benefit as it keeps the opportunity cost of holding gold to a minimum.
Why does gold price rise?
Many analysts note that because of gold’s intrinsic value, it is seen more as a currency than a commodity, one of the reasons why gold is referred to as monetary metals.
How many ounces of silver to buy one ounce of gold?
If the ratio is at 60 to 1, this means it would take 60 ounces of silver to buy one ounce of gold. Investors use the ratio to determine whether one of the metals is under or overvalued and thus if it is a good time to buy or sell a particular metal.
How many hours does gold trade?
Gold, actually trades 23 hours a day Sunday through Friday. Most OTC markets overlap each other; there is a one-hour period between 5 p.m. and 6 p.m. eastern time where no market is actively trading. However, despite this one hour close, because spot is traded on OTC markets, there are no official opening or closing prices.
What is gold futures?
The gold futures market is one of a number of commodity futures, wherein contracts are entered into, agreeing to buy or sell gold at a certain price at a specified future date. Gold futures are used both as a way for gold producers and market makers to hedge their products against fluctuations in the market, and as a way for speculators to make money off of those same movements in the market.
Where is the gold spot market?
The spot gold market is trading very close to 24 hours a day as there is almost always a location somewhere in the world that is actively taking orders for gold transactions. New York, London, Sydney, Hong Kong, Tokyo, and Zurich are where most of the trading activity takes place.
Is gold a metal?
Gold is sometimes referred to as monetary metals as it has historical uses as a currency and is seen as a store of value. While relatively small, gold does also have an industrial component because it is less reactive, a good conductor, highly malleable and doesn’t corrode.
Is September a good month for gold?
Historically, September is gold’s strongest month .
How many units of currency are in the Euro?
The euro can be subdivided into 100 smaller units of currency called cents. The euro is also one of the globe’s largest reserve currencies, and its use as a reserve currency is second only to the dollar. The total value of euro coin and paper currency in circulation has surpassed the dollar.
Is metal a good hedge against inflation?
It can add further diversification to a portfolio, and may potentially provide a hedge against numerous economic and geopolitical issues such as inflation , deflation or declining paper currency values.