Cost Of Gold Per Ounce

Value of gold per ounce. The current gold price can be readily found in newspapers and online. So if gold is quoted at 1320 per ounce how much gold can i get for that price.

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1 troy ounce is equal to 311034768 grams or 112 per troy pound.

Cost of gold per ounce.

The actual retail cost of gold is the spot price or market price plus a small premium the dealer charges to cover overhead.
In recent years gold has traded between 1200 and 1900 per ounce.
Smaller investors for example may be more interested in the price of gold per gram than ounces or kilos.
A hundred years ago gold sold for just 20 per ounce.

Therefore the gold prices of this website use the unit of troy ounce.
Thats a huge move up in nominal terms over the past century.
By 2004 the average price per ounce of gold amounted to 40972.
In fact the london gold fixing prices are fixed based on the unit of troy ounce.

It is commonly used for measurement of gold and other precious metals.
Spot gold prices are quoted as the price of 1 troy ounce of 999 percent fine gold deliverable now.
Yet in real terms gold prices today arent much different from what they were when they were last quoted at 20 an ounce.
So if the spot price of gold is 1350 per ounce you can expect an ounce of gold cost just a bit more than that from a reputable dealer.

Do remember that the value of gold per ounce is always a function of supply demand and many other factors.
The demand of gold has been seen to increase in the years that followed resulting in the uptick of prices in the commodity.
This means you can usually purchase one ounce of gold bullion for right around this price plus the dealers premium.
Although prices per ounce in dollars are typically used you can also easily access the gold price in alternative currencies and alternative weights.