How much is 1 gram of gold worth?

The global gold price for fine gold is set internationally by the LBMA London (Bullion Market Association). This determination takes place twice daily during an auction at 10:30 a.m. and 3:00 p.m. It is important to know that the price of gold is quoted in US dollars per troy ounce. In order to calculate the gold price in CHF for 1 gram, the current dollar-franc exchange rate and the weight unit must be taken into account (1 gram is approximately 0.0321507 troy ounces). With GOLD AVENUE this conversion takes place automatically.