How do you calculate the value of 1 gram of gold?

Internationally, the metal value of gold is given in US dollars and troy ounces, so you have to take the exchange rate and the different weight units into account when converting. An example: The current gold price is $2,123.20 and 1 dollar is equivalent to approximately 0.92 euros (as of March 5, 2024). 1 gram of gold is equal to 0.0321507 troy ounces. Therefore, the metal value of 1 gram of gold is approximately 62.80 euros (2123.20 x 0.92 x 0.0321507).