Gold Price in All Currencies

About Gold Pricing

Gold is priced internationally in US Dollars per troy ounce (31.1035 grams). The price fluctuates based on supply and demand in global commodity markets. Gold is traded 24 hours a day on exchanges like COMEX, LBMA, and Shanghai Gold Exchange. Central banks, investors, and jewelers are the primary buyers of gold worldwide.

Gold Weight Units

• Troy Ounce: The standard unit for gold trading (31.1035 grams). Different from a regular ounce (28.3495 grams).
• Gram: Commonly used for retail gold purchases, especially in Asia and the Middle East.
• Kilogram: Used for large institutional and central bank transactions. One gold bar (kilobar) weighs 1 kg.

Why Gold Prices Differ by Currency

Gold prices vary in different currencies due to exchange rate movements. When a local currency weakens against the US Dollar, the local gold price rises even if the USD gold price stays flat. This makes gold a popular hedge against currency depreciation in many countries.