Gold price today
The current spot price of gold per ounce is $1,898.12. The price of gold per gram is $61.03. When the market opened today, the price of gold was $1,897.87. The highest price that gold reached today was $1,898.12 and the lowest price was $1,897.87.
Gold rate in different countries
|Gold price in United States||$61.03||$1,898.12||$61,026.06|
|Gold price in Canada||CA$82.50||CA$2,566.09||CA$82,501.74|
|Gold price in United Kingdom||£50.24||£1,562.61||£50,239.09|
|Gold price in Europe||€57.78||€1,797.12||€57,778.86|
|Gold price in Russia||RUB 5,875.28||RUB 182,741.76||RUB 5,875,283.93|
|Gold price in Saudi Arabia||SAR 228.92||SAR 7,120.33||SAR 228,924.01|
|Gold price in United Arab Emirates||AED 224.15||AED 6,971.80||AED 224,148.72|
|Gold price in India||₹5,077.15||₹157,916.97||₹5,077,148.50|
|Gold price in Indonesia||IDR 947,829.30||IDR 29,480,786.71||IDR 947,829,302.19|
|Gold price in South Korea||₩82,302||₩2,559,875||₩82,301,880|
|Gold price in China||CN¥445.79||CN¥13,865.60||CN¥445,789.27|
|Gold price in Brazil||R$304.39||R$9,467.55||R$304,388.83|
|Gold price in Turkey||TRY 1,665.74||TRY 51,810.21||TRY 1,665,736.82|
|Gold price in Kuwait||KWD 18.875||KWD 587.070||KWD 18,874.750|
|Gold price in Iran||IRR 2,578,351||IRR 80,195,681||IRR 2,578,351,019|
|Gold price in Algeria||DZD 8,385.88||DZD 260,829.92||DZD 8,385,876.51|
|Gold price in Australia||A$95.64||A$2,974.62||A$95,636.38|
|Gold price in Bahrain||BHD 23.005||BHD 715.535||BHD 23,004.994|
|Gold price in Egypt||EGP 1,885.82||EGP 58,655.60||EGP 1,885,821.20|
|Gold price in Jordan||JOD 43.316||JOD 1,347.287||JOD 43,316.297|
|Gold price in Oman||OMR 23.495||OMR 730.777||OMR 23,495.033|
|Currency||USD = ?||? = USD|
|USD United States dollar||$1.00||$1.00|
|CAD Canadian dollar||CA$1.35||$0.74|
|GBP British pound||£0.82||$1.21|
|RUB Russian ruble||RUB 96.28||$0.01|
|SAR Saudi riyal||SAR 3.75||$0.27|
|AED United Arab Emirates dirham||AED 3.67||$0.27|
|INR Indian rupee||₹83.20||$0.01|
|IDR Indonesian rupiah||IDR 15,531.55||$0.00|
|CNY Chinese yuan||CN¥7.30||$0.14|
|BRL Brazilian real||R$4.99||$0.20|
|TRY Turkish lira||TRY 27.30||$0.04|
|KWD Kuwaiti dinar||KWD 0.309||$3.23|
|IRR Iranian rial||IRR 42,250||$0.00|
|DZD Algerian dinar||DZD 137.41||$0.01|
|AUD Australian dollar||A$1.57||$0.64|
|BHD Bahraini dinar||BHD 0.377||$2.65|
|EGP Egyptian pound||EGP 30.90||$0.03|
|JOD Jordanian dinar||JOD 0.710||$1.41|
|OMR Omani rial||OMR 0.385||$2.60|
Gold Pricing: How is it Determined?
The price of gold is determined by a variety of factors, including supply and demand, market conditions, and the overall level of economic activity. There is no single entity that determines the price of gold; rather, it is determined through the interactions of buyers and sellers on the gold market.
The spot price is determined by supply and demand on the global gold market. It is influenced by a variety of factors, including economic conditions, political developments, and market speculation.
Gold rates vs Exchange rates
Gold rates refer to the price of gold expressed in a particular currency, whereas exchange rates refer to the value of a currency relative to another currency.
Ounce as a Unit of Weight for Gold
An ounce of gold is a unit of weight used to measure the mass of precious metals, such as gold, silver, and platinum. One ounce of gold is equal to approximately 31.1 grams. Gold is often bought and sold based on its weight in ounces, and the price of gold is typically quoted in terms of how much it costs per ounce.
The Meaning of Open, High, Low, and Close
The terms "open", "high", "low" and "close" refer to the prices at which gold is traded during a given period of time, usually a day.
- The "open" is the price at which gold was first traded when the market opened for the day.
- The "close" is the price at which gold was last traded when the market closed for the day.
- The "high" is the highest price at which gold was traded during the day.
- The "low" is the lowest price at which gold was traded during the day.
By using these prices, you can gain a better understanding of how the gold market is doing and make more informed trading decisions.