Last Update: Feb 17, 2025, 11:01 PM
| 1 Hour | 6 Hours | 12 Hours | 16 Hours | 20 Hours | 1 Day |
|---|---|---|---|---|---|
| +0% | -0.01% | -0.18% | +0.23% | +0.37% | +0.61% |
Gold Best Sellers
See more products
Gold Price Today: Gram, Ounce, Kilo & Ton (USD)
Gold prices are dynamic, influenced by a complex interplay of global economic factors. Understanding these fluctuations and the value of gold in different weights and purities is crucial, especially for investment-grade gold (typically 22-carat and above).
Last Update: Feb 17, 2025, 11:02 PM
| Weight | Current Price (USD) | Day Min (USD) | Day Max (USD) | Day Average (USD) | Daily Performance |
|---|---|---|---|---|---|
| Gram | $93.46 | $92.80 | $93.67 | $93.38 | +0.52% |
| Ounce | $2,773.22 | $2,752.12 | $2,780.63 | $2,770.15 | +0.61% |
| Kilo | $89,161.03 | $88,482.65 | $89,399.26 | $89,062.37 | +0.61% |
| Ton | $89,161,026.89 | $88,482,646.65 | $89,399,263.75 | $89,062,372.85 | +0.61% |
Gold Price History in USD: A Long-Term Perspective
The historical gold price chart in US Dollars (USD) illustrates gold’s volatile yet overall appreciating nature. This upward trend reinforces gold’s reputation as a valuable long-term investment and a hedge against economic uncertainty.
Last Update: Feb 17, 2025, 11:01 PM
| 1 Day | 1 Week | 1 Month | 6 Months | 1 Year | 5 Years | 10 Years | 20 Years | 50 Years |
|---|---|---|---|---|---|---|---|---|
| +0.61% | -0.43% | +4.88% | +21.41% | +47.86% | +88.03% | +147.02% | +758.13% | +1607.65% |
Visitors have rated the content of this page:
Star icon
Star icon
Star icon
Star icon
Star icon
4/5
Global Gold Prices per Gram: Currency Comparison
Gold’s value isn’t static across currencies. This table allows you to compare the current gold price per gram in US Dollars against Euros, Swiss Francs, British Pounds, and other major global currencies, alongside their daily performance.
Last Update: Feb 17, 2025, 11:02 PM
| Currencies | Current Price | Day Min | Day Max | Day Average | Daily Performance |
|---|---|---|---|---|---|
| EUR | €89.16 | €88.48 | €89.40 | €89.06 | +0.61% |
| CHF | CHF 84.21 | CHF 83.53 | CHF 84.33 | CHF 84.09 | +0.66% |
| USD | $93.46 | $92.80 | $93.67 | $93.38 | +0.52% |
| GBP | £74.00 | £73.77 | £74.38 | £74.13 | +0.14% |
| AUD | A$146.80 | A$145.61 | A$147.01 | A$146.59 | +0.66% |
| CAD | CA$132.57 | CA$131.50 | CA$132.76 | CA$132.38 | +0.66% |
| CNY | CN¥678.54 | CN¥673.06 | CN¥679.55 | CN¥677.61 | +0.66% |
| INR | ₹8,116.91 | ₹8,051.27 | ₹8,128.96 | ₹8,105.72 | +0.66% |
| JPY | ¥14,154 | ¥14,040 | ¥14,175 | ¥14,135 | +0.66% |
The Gold/Silver Ratio: Understanding Precious Metal Dynamics
[Image of Gold/Silver Ratio Graph – To be added from original article if available and relevant, else consider a generic relevant image]
This graph visualizes the gold/silver ratio, illustrating the fluctuating relationship between these precious metals. It indicates how many ounces of silver are needed to equal the value of one ounce of gold, providing insights into relative value trends.
Key Factors Influencing the Price of Gold in USD
Several economic factors drive the fluctuations in the dollar gold price. Understanding these drivers is key for anyone tracking or investing in gold:
Supply and Demand Dynamics:
Even if gold mining production decreases while demand holds steady, the price of gold will likely increase. This is a fundamental principle of economics: higher demand relative to supply pushes prices up. Scarcity, or perceived scarcity, of gold can significantly impact its value.
Global Economic Trends and Uncertainty:
Economic slowdowns or recessions often drive investors towards gold as a “safe haven” asset. In times of economic uncertainty, gold is seen as a store of value that can preserve wealth when other asset classes like stocks or real estate become volatile. Increased demand during these periods naturally pushes the gold price higher.
Exchange Rate Volatility, Particularly USD Weakness:
Fluctuations in exchange rates, especially the strength of the US Dollar, have a direct impact on gold prices. A weaker USD makes gold less expensive for buyers using other currencies. This increased affordability can boost demand and, consequently, the dollar price of gold. Conversely, a stronger USD can make gold more expensive for international buyers, potentially dampening demand and lowering prices.
Central Bank Policies and Interest Rates:
Central bank policies, particularly those of the US Federal Reserve (the Fed), exert considerable influence over the gold price in USD. For example, if the Fed signals that inflation is under control and may lower interest rates, this could increase confidence in the US economy and reduce the appeal of gold as an inflation hedge, potentially lowering its price. Conversely, concerns about inflation or dovish monetary policy can make gold more attractive.
The Interplay Between the US Dollar and Gold Prices
Gold prices and the US Dollar often exhibit an inverse relationship. When the dollar weakens, gold prices tend to rise, and vice versa. This correlation stems from a couple of key factors:
Firstly, the US Dollar remains the world’s dominant reserve currency. A significant portion of global trade and finance is conducted in USD, and many commodities, including gold, are priced in dollars.
Secondly, gold is widely recognized as a safe-haven asset, particularly during periods of economic instability, recessions, or high inflation. Investors turn to gold to preserve capital when confidence in traditional currencies or markets erodes.
Impact of USD Strength on Gold Prices:
Because gold is primarily denominated in USD, a strong dollar often signals robust confidence in the US economy and its stock markets. When investors are optimistic about the US economy, they anticipate higher returns from US stocks and bonds. This can lead to a shift away from gold, perceived as a less dynamic investment in bullish economic times, potentially leading to a decrease in the gold price in USD.
Impact of USD Weakness on Gold Prices:
Conversely, when the USD weakens, gold prices tend to increase. This is due to two main reasons:
- Increased Affordability for International Buyers: A weaker dollar makes gold cheaper for investors holding other currencies. This price reduction stimulates demand from regions like Europe and Asia, driving up the overall gold price in USD.
- Safe Haven Appeal Amplified: A weakening dollar can signal concerns about the US economy, which can ripple outwards and create global economic uncertainty. In such scenarios, gold’s safe-haven status becomes even more attractive, further increasing demand and pushing prices higher.
Is the US Dollar Backed by Gold Anymore?
No, the US Dollar is not currently backed by gold or any other precious metal. This was not always the case. The Bretton Woods system, established in the 1940s, pegged the US dollar to gold. However, due to dwindling US gold reserves and increasing economic pressures, President Richard Nixon ended the dollar’s convertibility to gold in 1971. This action effectively dismantled the Bretton Woods system by 1973, ushering in the era of fiat currencies where the dollar’s value is based on government decree and market confidence rather than a physical commodity.
Portfolio Diversification: The Role of Gold Investment
As highlighted earlier, the price of gold in USD often rises during periods of economic turmoil and uncertainty. This counter-cyclical behavior makes gold a valuable tool for portfolio diversification. Investors often buy gold to hedge against inflation, currency devaluation, and stock market downturns. By including gold in a portfolio, investors can potentially reduce overall portfolio volatility and protect their wealth during economic downturns.
Getting Started with Gold Investment
To begin investing in gold, it’s essential to monitor the current gold price in dollars to understand the value of different gold products. GOLD AVENUE offers a diverse selection of gold coins and bars, including affordable options like 1-gram gold bars, making gold investment accessible to a wider range of investors. While gold ETFs can be used to track and speculate on gold prices, directly owning physical gold in the form of bars or coins is generally recommended, especially for those new to gold investing or seeking long-term security.
Explore Our Range of Precious Metals
Silver
Platinum
Palladium
Frequently Asked Questions About Gold Prices
Browse frequently asked questions from savers and investors on GOLD AVENUE regarding buying gold, silver, and other precious metals.
How much is 1 gram of gold worth right now?
Angle icon
The international benchmark for gold pricing is set by the LBMA (London Bullion Market Association). Their gold price, determined via auction twice daily (10:30 AM and 3:00 PM London time), establishes the value of fine gold. Crucially, this price is quoted in US dollars per troy ounce. To find the USD gold price for one gram, a conversion from troy ounces to grams is necessary. GOLD AVENUE provides this conversion automatically for your convenience, showing you the price per gram.
What is the typical cost of buying 1 gram of gold?
Angle icon
While the metal value of fine gold is determined through the daily independent LBMA auction, the actual price you pay for 1 gram of gold can vary between providers. Suppliers generally add a premium percentage above the base metal value. GOLD AVENUE is committed to offering a wide array of high-quality gold products at competitive prices.
How often does the price of gold fluctuate?
Angle icon
The price of gold is constantly changing. The LBMA sets the benchmark price twice daily through an independent auction. Therefore, investors should stay informed about market news and track live gold price updates to make informed decisions.
How is the value of 1 gram of gold calculated?
Angle icon
The international standard for gold value is US dollars per troy ounce. To calculate the value of 1 gram of gold, you must convert from troy ounces to grams. For example, if the current gold price is $2,123.20 per troy ounce (as of March 5, 2024), and 1 gram equals approximately 0.032 troy ounces, then the metal value of 1 gram of gold is roughly $68 (calculated as 2123.20 x 0.032).
Essential Precious Metals Guides
Precious Metals Guide
A Beginner’s Guide to Gold
Understanding the Price of Gold
Stay Updated with This Week’s Precious Metals News
[
Gold Price Forecast 2025: Will Precious Metals Prices Go Up?
Arrow down](/en/blog/newsletter-precious-metals-spotlight/gold-price-forecast-will-precious-metals-prices-go-up)
[
Uses for Gold: How Gold Is Used and How It Impacts Gold Prices
Arrow down](/en/blog/newsletter-precious-metals-spotlight/uses-for-gold-how-gold-is-used-and-how-it-impacts-gold-prices)
[
Gold vs. Other Precious Metals: Which is the Better Investment?
Arrow down](/en/blog/newsletter-precious-metals-spotlight/gold-vs-other-precious-metals-which-is-the-better-investment)
What do you think of this page?
