What is the gold price?
The price is determined on the stock exchanges and is usually expressed in dollars per troy ounce. One troy ounce is equal to 31.103 grams. It is also possible that when calculating the gold price, it is counted in grams and kilograms.
When the gold price is quoted in euros, this is derived from the dollar exchange rate.
Is the current gold price low or high?
In the last 20 years, the gold price has fluctuated between €9,000 and €56,000 per kg. The lowest point was in 2001 at €9,000 per kg. The highest point of €56,000 per kg was in 2020. Read more about the gold price forecast here.
To determine if the gold price is currently high or low, you may change the period in the chart. By changing this you may the movement of the gold price for the past, week, month, year and 10 years. Which is very useful information for investing in gold.
How is the current gold price determined?
The price is continuously determined on the stock exchange. Due to the time difference, this happens at different times of the day. This happens at night in Asia and Australia, in the morning in London and Zurich, and in the afternoon in the United States.
The price you pay for gold would always be slightly higher than the gold price. This is because of the cost for producing, as well as insuring transportation, in addition to the price of the raw material.
Current gold price: what is the gold rate today?
The most current gold rate could be found in the chart above. Here you see the current gold price. The chart is automatically refreshed every minute. Furthermore, you may choose different settings at the top of the bar, so you cannot only see the gold price in euros per kg, but also:
Select the period for which you want to see the price.
Choose whether you want to display the gold price in dollars or euros.
Show the weight of gold and the corresponding price in troy ounces, grams, or kilograms.”