Gold Prices

Like other precious metals, gold is measured by troy weight and by grams. The proportion of gold in the alloy is measured by karat (k), with 24 karat (24k) being pure gold, and lower karat numbers proportionally less. The purity of a gold bar or coin can also be expressed as a decimal figure ranging from 0 to 1, known as the millesimal fineness, such as 0.995 being nearly pure.

Given the huge quantity of stored gold, compared to the annual production, the price of gold is mainly affected by changes in sentiment, rather than changes in annual production.

1 kilogram = 1000 grams   1 troy ounce = 31.1034768 grams

1 kilogram = 1000 grams   1 troy ounce = 31.1034768 grams

Silver often tracks the gold price due to store of value demands, although the ratio can vary. The gold/silver ratio is often analyzed by traders and investors and buyers.

Current Gold Prices - Gold Market Price - Price of Gold Today

1 kilogram = 1000 grams, 1 troy ounce = 31.1034768 grams, 1 gram = 0.0321507466 troy ounces

Gold Price Per Ounce in Different Currencies

After World War II a gold standard was established following the 1946 Bretton Woods conference, fixing the gold price at $35 per troy ounce.

Gold Converter / Gold Silver Currency Converter