How do we calculate the price of 1 kg of gold?

Gold's global market price is listed in US dollars per troy ounce, which means converting to different measures is necessary. For example, on March 5, 2024, the per troy ounce price of gold was $2,123.20. Therefore, the market value of 100 grams of gold, which translates to roughly 3.2 troy ounces, would be approximately $6794 (2123.20 x 3.2).