![]() Some of the biggest contributors to fluctuations in the gold price include:Ĭurrency markets can have a dramatic effect on the gold price. The price of gold is in a constant state of flux, and it can move due to numerous influences. Because gold pretty much trades around the clock, the gold price is always updating and can even be viewed in real time. By watching gold prices, investors can look for trends in the gold market and also look for areas of support to buy at or areas of resistance to sell at. Why do Investors Care About the Gold Price?Īs with any other type of investment, those looking to buy gold want to get the best deal possible, which means buying gold at the lowest price possible. The nearest month contract with the most trading volume is used to determine the spot gold price. Spot gold prices are derived from exchange-traded futures contracts such as those that trade on the COMEX Exchange. The spot gold price refers to the price of gold for delivery right now as opposed to some date in the future. When looking at gold prices, the figures quoted are typically going to be spot gold prices unless otherwise specified. Is the Gold Price the Same as the Spot Price? The price of gold is constantly on the move and can be affected by many different factors. The gold price can, however, be quoted in any currency by the ounce, gram or kilo. Gold is usually quoted by the ounce in U.S. On this page you can view the current price of gold per ounce, gram or kilo. When you return to the cookie will be retrieved from your machine and the values placed into the calculator.Ī range of other useful gold and silver calculators can be found on our Calculators page Pressing the button will place a cookie on your machine containing the information you entered into the Holdings Calculator. If your browser is configured to accept Cookies you will see a button at the bottom of the Holdings Calculator. The spot price of Gold per Troy Ounce and the date and time of the price is shown below the calculator. Totals for Gold and Silver holdings including the ratio percent of gold versus silver will be calculated. The Current and Future Gain/Loss will be calculated. Optionally enter number amounts for Purchase Price and/or Future Value per unit of weight chosen. The Current Value for the amount entered is shown. The current price per unit of weight and currency will be displayed on the right. If you wish to select a currency other than USD for the Silver holdings calculator. ![]() NOTE: You must select a currency for gold first, even if you don't enter a value for gold holdings. Select Ounce, Gram or Kilogram for the weight. ![]() ![]() Additional, troy ounce is used for measuring precious metals and gemstones, whereas, avoirdupois ounce is used in measurement of daily life.The Holdings Calculator permits you to calculate the current value of your gold and silver.Įnter a number Amount in the left text field. Equivalence between the two units is 1 troy ounce = 1.09714286 avoirdupois ounces. The difference between troy ounce and avoirdupois ounceĪs far as converting to gram, it is obviously that the troy ounce is heavier than the avoirdupois ounce. It is defined as 1/16 of an avoirdupois pound, equal to 28.349523125 grams. The avoirdupois ounce is commonly used as a unit of mass in the United States. In fact, the London gold fixing prices are fixed based on the unit of troy ounce therefore, the gold prices of this website use the unit of troy ounce. 1 troy ounce is equal to 31.1034768 grams, or 1/12 per troy pound. It is commonly used for measurement of gold and other precious metals. Troy ounce (abbreviated t oz) is a mass unit of troy weight system. ![]()
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