How much is 1 gram of gold worth?

The globally relevant gold price for fine gold is set internationally by the LBMA London (Bullion Market Association). This determination takes place twice daily at 10:30 a.m. and 3:00 p.m. as part of an auction. It is important to know that the price of gold is quoted in US dollars per troy ounce. To determine the price of gold in GBP for 1 gram, you have to take into account the current dollar-pound exchange rate and the unit of weight (1 gram is approximately 0.0321507 troy ounces). With GOLD AVENUE this conversion takes place automatically.