Gold Price Today
XAU/USDPrecious Metals⚠️ Showing reference price — live data temporarily unavailableMay be delayed up to 60 min
Gold Price by Weight Unit
Troy Ounce (ozt)
$2,350.00
Standard market unit (31.1035 g)
Gram
$75.55
Price per gram of gold
Kilogram
$75,554
Price per 1,000 grams
Gold Price Conversion Table — Grams to USD
| Weight | USD Value |
|---|---|
| 1 gram | $75.55 |
| 2.5 grams | $188.89 |
| 5 grams | $377.77 |
| 10 grams | $755.54 |
| 20 grams | $1,511.08 |
| 31.1 grams | $2,350 |
| 50 grams | $3,778 |
| 100 grams | $7,555 |
| 250 grams | $18,889 |
| 500 grams | $37,777 |
| 1,000 grams | $75,554 |
Based on spot price of $2,350.00/ozt = $75.5542/g. Reference price shown — refresh for live rate.
Gold Price in USD — Troy Ounce Multiples
| Troy Ounces | USD Value |
|---|---|
| 1 troy oz | $2,350 |
| 5 troy oz | $11,750 |
| 10 troy oz | $23,500 |
| 20 troy oz | $47,000 |
| 50 troy oz | $117,500 |
| 100 troy oz | $235,000 |
| 200 troy oz | $470,000 |
| 500 troy oz | $1,175,000 |
| 1000 troy oz | $2,350,000 |
What Drives the Gold Price?
The gold spot price (XAU/USD) is determined in global over-the-counter (OTC) markets that operate 24 hours a day, five days a week. The London Bullion Market Association (LBMA) sets the benchmark "London Gold Fix" twice daily at 10:30 and 15:00 GMT, which serves as the global reference price for physical gold transactions. In the US, COMEX futures contracts (traded on the New York Mercantile Exchange, a subsidiary of CME Group) provide continuous price discovery.
The five primary drivers of gold price movements:
- US Dollar Strength: Gold is priced in USD globally. When the dollar strengthens against other currencies, gold becomes more expensive for international buyers, reducing demand and typically depressing prices. Conversely, a weaker dollar pushes gold higher. The DXY (US Dollar Index) and XAU/USD historically show a strong negative correlation.
- Real Interest Rates: Gold pays no dividends or coupon. When real interest rates (nominal rate minus inflation) are positive, cash and bonds offer a yield advantage over gold. When real rates are negative — as in 2020-2022 — gold becomes more competitive as a store of value. The Federal Reserve's policy rate decisions are among the most important short-term drivers of gold prices.
- Central Bank Demand: Central banks have been net buyers of gold since 2010. In 2023, central banks purchased over 1,000 tonnes of gold for the second consecutive year (Source: World Gold Council, 2024). China's People's Bank of China (PBoC), the Reserve Bank of India, and several Eastern European central banks have been particularly active buyers, seeking to reduce dollar dependency in their reserve portfolios.
- Inflation Expectations: Gold is traditionally considered a hedge against currency debasement and inflation. During periods of elevated inflation — such as the 1970s oil shocks or 2021-2023 post-pandemic inflation — gold tends to outperform. However, the relationship is not always consistent over short time horizons; gold's inflation-hedging properties are more reliable over multi-decade periods.
- Geopolitical Risk: Wars, financial crises, banking failures, and political instability drive demand for gold as a 'safe haven' asset. Historical examples include gold spikes during the 2008 Global Financial Crisis (GFC), the 2020 COVID pandemic, and the 2022 Russia-Ukraine war. When systemic risk rises, investors flee to assets with no counterparty risk — physical gold being the ultimate example.
Gold Price History — Key Milestones
| Year | Price (USD/ozt) |
|---|---|
| 1971 | $35 |
| 1980 | $850 |
| 2001 | $271 |
| 2008 | $1,000+ |
| 2011 | $1,921 |
| 2018 | $1,175 |
| 2020 | $2,075 |
| 2022 | $1,618 |
| 2024 | $2,400+ |
| 2025 | $3,000+ |
Source: London Bullion Market Association (LBMA), CME Group historical data.
How to Invest in Gold — 5 Methods Compared
Investors can gain exposure to gold through five primary vehicles, each with different cost structures, liquidity profiles, and risk characteristics.
Physical Gold (Coins & Bars)
✓ Pros: No counterparty risk, tangible asset, recognized globally
✗ Cons: Storage costs, insurance required, premium over spot (3-8%), illiquid vs. ETFs
Best for: Long-term wealth preservation, portfolio insurance
Gold ETFs (GLD, IAU, PHGP)
✓ Pros: Low expense ratios (0.10-0.40%), highly liquid, no storage needed, available in most brokerage accounts
✗ Cons: Counterparty risk (ETF structure), not physical delivery unless large holder
Best for: Cost-efficient exposure for retail investors
Gold Mining Stocks (NEM, GOLD, AEM)
✓ Pros: Leveraged exposure to gold price, pay dividends, potential for operational alpha
✗ Cons: Company-specific risk, operational costs, geopolitical risk of mine locations
Best for: Investors seeking amplified upside and dividend income
Gold Futures (COMEX)
✓ Pros: Highly liquid, low transaction costs, hedging precision
✗ Cons: Requires margin, expiration dates, rollover costs, not suitable for beginners
Best for: Institutional hedgers and experienced traders
Gold Savings Plans / Digital Gold
✓ Pros: Buy fractional amounts, automated recurring purchases, low minimum
✗ Cons: Platform-specific counterparty risk, variable fees
Best for: Dollar-cost averaging for smaller investors
This is educational information, not financial advice. Consult a licensed financial advisor before investing.
Gold Price FAQ
What is the gold price today per ounce?▼
The gold spot price is updated hourly. Please refresh the page or check back shortly for the latest XAU/USD rate.
What is the gold price per gram today?▼
At a spot price of $2,350.00/ozt, gold is currently priced at approximately $75.5542 per gram. This converts to $755.54 per 10 grams, $7,555 per 100 grams, and $75,554 per kilogram. Note that when purchasing physical gold, you will pay a premium above the spot price (typically 3-8% for coins, 1-3% for large bars) to cover refining, minting, and dealer margins. Reference price shown — live data temporarily unavailable.
What is a troy ounce of gold?▼
A troy ounce is the standard unit of weight for precious metals. One troy ounce equals exactly 31.1034768 grams, or 1.09714 regular (avoirdupois) ounces. All gold spot prices and futures contracts are quoted in troy ounces. The troy weight system originates from the French city of Troyes, which was a major center for medieval European trade fairs where standardized weights were essential for commerce.
Is gold a safe haven investment?▼
Gold is widely regarded as a safe haven asset due to its historical store of value, global liquidity, and lack of counterparty risk. During periods of financial stress — such as the 2008 Global Financial Crisis, the 2020 COVID-19 crash, and the 2023 US regional banking crisis — gold has historically held its value or appreciated while risk assets declined. However, 'safe haven' does not mean risk-free: gold can decline significantly during periods of USD strength and rising real interest rates. Financial advisors typically recommend 5-10% portfolio allocation to gold as a diversifier rather than a primary investment. Source: World Gold Council Portfolio Analysis, 2024.
What is the difference between spot price and futures price?▼
The spot price is the current market price for immediate delivery of gold. The futures price is the agreed price for gold delivery at a specified future date (e.g., December 2025 COMEX contract). Futures prices typically trade at a premium to spot (called 'contango') to account for storage costs, insurance, and the cost of carry. When futures trade below spot, the market is in 'backwardation,' which can signal near-term supply constraints. The COMEX front-month futures contract and the spot OTC market are closely linked through arbitrage.
What is the all-time high gold price?▼
Gold reached a new all-time high of over $3,000 per troy ounce in early 2025, driven by central bank buying, US tariff uncertainty, and a weakening US dollar. The previous record was approximately $2,450 reached in May 2024. Before that, gold's record stood at approximately $2,075 per ounce set in August 2020 during the COVID-19 pandemic peak, when negative real interest rates and massive monetary stimulus drove demand. In inflation-adjusted terms (using 2024 dollars), the 1980 peak of $850 is equivalent to over $3,200 in today's money. Source: LBMA, Bloomberg.
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