How much is 1 gram of gold worth?

Internationally, the gold price issued by the LBMA London ( Bullion Market Association ) determines the value of fine gold. The price of gold is determined in an auction twice daily at 10:30 a.m. and 3:00 p.m. It is important to know that the price of gold is set in US dollars per troy ounce. To calculate the Euro gold price for 1 gram, you have to take into account the current dollar-euro exchange rate and the unit of weight (1 gram is approximately 0.0321507 troy ounces). At GOLD AVENUE we do this conversion automatically.