Live gold price by ounce in USD
Check out the day’s average, maximum and minimum price of 1 ounce of gold in USD.
Table of content
Performance of the price of gold in the past 24h in USD
Last update: Oct 22, 2024, 10:12 AM
| 1 h | 6 hours | 12 hours | 16 hours | 20 hours | 1 day |
|---|---|---|---|---|---|
-0.02% | +0.16% | +0.54% | +0.42% | +0% | +0.16% |
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1 ounce gold price today by weight in USD
Here, you can see the daily minimum price, daily maximum price, the daily average, and how the gold price by weight has changed since the last trading day.
Last update: Oct 22, 2024, 10:13 AM
| Weight | Current Price | Day Min | Day Max | Day Average | Daily Performance |
|---|---|---|---|---|---|
$88.14 | $87.52 | $88.34 | $87.95 | +0.12% | |
5 Grams | $440.70 | $437.60 | $441.70 | $439.75 | +0.12% |
10 Grams | $881.40 | $875.20 | $883.40 | $879.50 | +0.12% |
Ounce | $2,741.58 | $2,722.25 | $2,747.81 | $2,735.61 | +0.12% |
100 Grams | $8,814.00 | $8,752.00 | $8,834.00 | $8,795.00 | +0.12% |
5 Ounces | $13,707.90 | $13,611.25 | $13,739.05 | $13,678.05 | +0.12% |
10 Ounces | $27,415.80 | $27,222.50 | $27,478.10 | $27,356.10 | +0.12% |
$88,143.78 | $87,522.30 | $88,344.08 | $87,951.82 | +0.12% | |
100 Ounces | $274,158.00 | $272,225.00 | $274,781.00 | $273,561.00 | +0.12% |
5 Kilos | $440,718.90 | $437,611.50 | $441,720.40 | $439,759.10 | +0.12% |
10 Kilos | $881,437.80 | $875,223.00 | $883,440.80 | $879,518.20 | +0.12% |
100 Kilos | $8,814,378.00 | $8,752,230.00 | $8,834,408.00 | $8,795,182.00 | +0.12% |
Ton | $88,143,778.03 | $87,522,304.56 | $88,344,077.03 | $87,951,824.16 | +0.12% |
Historical performance of the 1 ounce gold price in USD
Look at this gold price chart to observe the historical performance of the 1 ounce gold price in USD. In the long term, the price of gold in USD has risen significantly, despite fluctuations.
Last update: Oct 22, 2024, 10:12 AM
| 1 day | 1 week | 1 month | 6 months | 1 year | 5 years | 10 years | 20 years | 50 years |
|---|---|---|---|---|---|---|---|---|
+0.16% | +3.17% | +4.18% | +14.64% | +37.31% | +84.18% | +126.86% | +555.65% | +1686.05% |
1 oz gold price today by carats and currency
Discover the most current gold rates in carats and different currencies like EUR, GBP, CHF, USD and other main currencies. View the minimum and maximum prices for today, the day's average rate, and the % change in gold prices in each of these currencies since the previous trading day.
Last update: Oct 22, 2024, 10:13 AM
| Currencies | Current Price | Day Min | Day Max | Day Average | Daily Performance |
|---|---|---|---|---|---|
€2,530.57 | €2,516.66 | €2,535.76 | €2,526.48 | +0.26% | |
CHF 2,371.41 | CHF 2,357.71 | CHF 2,375.11 | CHF 2,367.01 | +0.08% | |
$2,741.58 | $2,722.25 | $2,747.81 | $2,735.61 | +0.12% | |
£2,108.42 | £2,097.56 | £2,110.89 | £2,104.63 | +0.27% | |
AUD | A$4,103.20 | A$4,079.50 | A$4,109.61 | A$4,095.58 | +0.08% |
CAD | CA$3,791.72 | CA$3,769.81 | CA$3,797.63 | CA$3,784.68 | +0.08% |
CNY | CN¥19,516.85 | CN¥19,404.09 | CN¥19,547.30 | CN¥19,480.60 | +0.08% |
INR | ₹230,679.03 | ₹229,346.36 | ₹231,038.94 | ₹230,250.59 | +0.08% |
JPY | ¥411,558 | ¥409,181 | ¥412,201 | ¥410,794 | +0.08% |
The gold/silver ratio
The price of gold varies depending on whether you're looking at it in euros, US dollars, Swiss francs, or British pounds. This table allows you to track the gold prices in each currency, as well as their daily performance.
Why refer to the gold price per ounce in USD?
Troy ounces are specifically for measuring the weight of gemstones and precious metals. One troy ounce is slightly heavier than a regular ounce, being about 1.097 standard ounces or roughly 10% heavier. The term "troy ounce" comes from the French town of Troyes, a major trading hub in the 16th century where this measurement was standardized to equal 480 grains of barley.
What are the main factors that influence the gold price per ounce in USD?
Supply and demand
Like all commodities, the gold price per ounce in USD is dictated primarily by supply and demand. When the supply of gold falls, the price is likely to rise, as there is less gold available to meet investors’ demands.
Economic and geopolitical events
The gold price can also change in response to global events. For example, many investors are inclined to turn to gold as a safe haven, as it has a good track record of performing well during negative economic events (although there are no guarantees). That’s why the gold price can often rise during a recession or a period of high inflation.
Geopolitical tensions and political instability also create uncertainty, motivating more investors to move their wealth to gold, which can push up the gold price as well. These are all important factors to bear in mind when you buy gold or resell it.
Monitoring gold prices: per ounce versus per kilogram
If you have a large gold portfolio or are interested in buying larger gold bars, such as our 100g or 1kg range, you may prefer to measure the USD gold price using a weight that corresponds to each bar weight.
Buying 1 ounce gold bars in USD
We offer a wide selection of 1 ounce gold bars for investors looking to build a large gold portfolio. These range from our elegant Royal Canada Mint bar to our 25 x 1 ounce gold bar Monster Box from PAMP Suisse. For your assurance, all of our gold bars have a purity of 99.99%, which is the investment standard.
You can have your gold bars delivered to your home address or kept secure in our Swiss facility - whichever option is more convenient.
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Frequently asked questions
Read the most frequently asked questions from savers and investors on GOLD AVENUE and on how to buy gold, silver, and precious metals.
How is the gold price per ounce in USD determined?
The London Bullion Market Association (LBMA) determines the global gold price by holding auctions twice a day.
Why does the USD gold price fluctuate?
The gold price is influenced by many different factors, from supply and demand to economic and geopolitical events, such as inflation, political instability, and central bank policies. It’s always a good idea to keep an eye on these trends before you buy or sell gold.
Who buys gold?
Central banks, jewellery manufacturers, and private investors are the key buyers of gold.
Where to buy gold?
Gold is available from online retailers, jewellers, mints, and commodity exchanges. We offer a wide selection of 999.9 gold bars and coins from reputed mints.
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