Gold Ounce / United States Dollar

The current Gold Ounce price is 3,957.53 per ounce, -17.63 (-0.44%) on the day. The price on this page updates live as the market moves.

A gram of Gold Ounce costs 127.238 today, and a kilogram costs 127,237.54. One troy ounce is 31.1034768 grams, so the gram price is the ounce price divided by that. The converter above does any amount, in any currency.

Today Gold Ounce has traded between 3,958.94 and 4,000.19 per ounce.

The bid is 3,960.45 and the ask is 3,960.95, a spread of 0.50. You buy at the ask and sell at the bid, so the spread is what opening a position costs you before the market moves at all.

Gold Ounce has moved -4.39% over the last twelve months.

The dollar and US interest rates first: Gold Ounce is priced in dollars, so a stronger dollar usually pushes it down and rate cuts usually lift it. After that, safe-haven demand in periods of geopolitical or financial stress, central bank buying, and industrial demand.

This is the global spot price of the raw metal. A local price adds the exchange rate, fabrication cost, tax and the dealer margin on top, so it is always higher — and the gap widens with craftsmanship.

Gold Ounce trades nearly around the clock, from Sunday evening to Friday evening, closing only over the weekend. Liquidity is deepest when London and New York overlap, which is also when the sharpest moves tend to happen.

The gold to silver ratio is 77.4 — one ounce of gold buys that many ounces of silver. Traders watch it as a relative-value gauge: historically high readings have tended to favour silver, low readings gold.

Three ways, and they are not the same thing. Physical metal, which you own and store but pay a fabrication premium on. An ETF, which tracks the price without the storage. Or a CFD, which trades the price movement with leverage — cheapest to enter, and the only one where you can lose more than you intended if the position is not managed.

Purity is a straight multiplier on the pure price. A gram of 24 carat gold is 127.238, 22 carat is 116.63, 21 carat is 111.33 and 18 carat is 95.43. Gulf markets trade mostly in 21 carat, which is why the jeweller's number differs from the headline one before any workmanship is added.

The standard Good Delivery bar held by central banks weighs 400 troy ounces — about 12.4 kilograms — and is worth 1,583,012.00 at the current price. The retail bars sold to individuals are usually one kilogram, currently 127,237.54.

The United States holds by far the largest official reserves at roughly 8,100 tonnes, followed by Germany, Italy, France, Russia and China. Central bank buying — China and Poland most actively in recent years — is one of the steadier sources of demand behind the price.

China, Russia and Australia lead production, followed by Canada, the United States and Ghana. Mine supply changes slowly, so it rarely drives the price day to day — demand does.