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A hundred years ago, gold sold for just $20 per ounce. In recent years gold has traded between $1,200 and $1,900 per ounce. That’s a huge move up in nominal terms over the past century. Yet in real terms gold prices today aren’t much different from what they were when they were last quoted at $20 an ounce.
The Bid Gold price per ounce is the current highest market offer to sell to a dealer. Consumers can expect to receive the bid price when selling Gold to a dealer.
So if gold is quoted at $1320 per ounce, how much gold can I get for that price? Spot gold prices are quoted as the price of 1 troy ounce of .999 percent fine gold deliverable now. This means you can usually purchase one ounce of gold bullion for right around this price plus the dealer’s premium.
Today's Current Live Gold Price Chart in Euros and Dollars. Live Gold Spot Rate Per Gram, per Troy Ounce. Spot Gold Cost in Real-time. Gold Value ⚡
For example, if the price per ounce of the current “Spot” month is valued at ten dollars less than the COMEX December futures contact price, then at a time when the December contract trades at $1,300, it suggests that the spot gold price was $1,290 at that moment.
Troy ounce - a mass unit for gold. It is commonly used for measurement of gold and other precious metals. 1 troy ounce is equal to 31.1034768 grams, or 1/12 per troy pound. 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.