Gold Price Per Ounce World Market
Gold price spot change.
Gold price per ounce world market. 1 31 2021 6 36 18 pm et. An ounce of gold is the same ounce of gold regardless of whether it is traded in the u s canada japan or europe. The price for an ounce of gold is the same all over the globe.
Smaller investors for example may be more interested in the price of gold per gram than ounces or kilos. Gold price per ounce. The world spot gold price is simply converted into local currencies to give market participants the price for 1 troy ounce of 999 fine gold in their respective local currency.
Most major gold markets use live gold prices denominated in u s. Live metal spot prices 24 hours last updated. After the price of gold passed the mark of 1 000 us dollars per ounce for the first time in march 2008 by the end of 2011 it had already reached 1 600 us dollars per ounce.
Are live gold prices the same all over the world. Gold price per gram. Although prices per ounce in dollars are typically used you can also easily access the gold price in alternative currencies and alternative weights.
Otherwise an arbitrage opportunity would exist. Investments in gold.