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The price of gold is not fixed, but varies according to demand.
On October 1, 2010, a troy ounce of gold was worth about $ 1315.00 USD (see below for pounds).
On October 1, 2015, a troy ounce of gold was worth about $ 1120.00 USD.
Between those dates, one-ounce gold prices were as high as $ 1895 and as low as $ 1066.
Gold is measured in Troy ounces. However, the typical "pound" is not a troy measurement (it is technically called an Avoirdupois pound -- a typical American pound). There are ~14.583 Troy ounces in one American (Avoirdupois) pound.
So to find the current value of of one pound of gold, simply multiply 14.583 times the current price of gold (look at goldprice.com for a current valuation).
Weighing gold by the pound is not a typical measurement.
Wiki User
∙ 8y ago
Wiki User
∙ 14y agoTo find the value of a gram of gold, you must first find the spot price of gold (per troy ounce) in your country, then convert to grams. Thus, if the spot price of gold is 900 US dollars per troy ounce and there are about 31.10 grams in a troy ounce, then the math follows:
$900 x 1 ounce/31.10 grams = $28.94/gram
To find the value of jewelry, you need to know the karats (weight) of actual gold in the jewelry. 24kt gold is the most karats of gold available and this is basically pure gold. 14kt and 18kt are common in the US, while 22kt gold is sold overseas. If you buy an 18kt piece of jewelry, this means that this jewelry is in fact only 75% gold. The remaining 25% is other metals.
So if I have a gram of 18kt gold jewelry, I must multiply price per gram by percent gold to find the actual price in grams. $28.94 x .75 = $21.71/gram. Other factors will also affect the ultimate price, such as workmanship, gemstones, etc.
A gram of gold weighs approx the same as a dollar bill and at todays price is valued at $32
Wiki User
∙ 12y agoThere are 14.58333 troy ounces in a pound in the gold market. $1274 is the current spot price for gold.
Wiki User
∙ 6y agoIt depends on whether you're buying or selling, but the current price is roughly $ 1,314.43 per ounce USA on 03-2018.
Wiki User
∙ 14y agoOn Spetember 16 2009 the spot price was running about $1015 an ounce.
Wiki User
∙ 12y agoAs of August 26th 2011 it was USD 1827.36 per Ounce
Wiki User
∙ 14y agoone pound of gold is worth $16,310.37
Wiki User
∙ 12y ago£34.23
Wiki User
∙ 11y ago60.00
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What is the current value for gold per ounce for OCT 2011?
$50000000000000000000 lol
What is the current cash value for an ounce of gold?
The value of gold changes by the minute. At the moment that I am answering this question, the value of gold is $1,226 per ounce. This value could be higher or lower by the time this answer is read.
Current gold rate?
The current rate of gold is $1319.60 per ounce. The price of gold per ounce has lowered about 13 percent. Silver's current rate is $21.04 per ounce.
Value of 1990 one-half ounce gold proof 25 dollar coin?
The current price of gold is around $900 per ounce
What is the 2009 value of gold per ounce?
$1015.15 per ounce
What is the current value of one Troy ounce of Gold?
AnswerAs of 8:40 PST Monday 6 April 2009 the price of gold is hovering around $870 per ounce. Daily values of gold can be seen online. See the related link.
What web sites have information on how much gold is worth per ounce?
There are lots of website where you can find the current prices for gold per ounce. One particular website is called Gold Price where you can get the latest current price per ounce of gold.
How does a person determine the price of gold per ounce?
A person can determine the price of gold per ounce by looking up the current prices of gold. The latest prices can be found on CNN Money. One must then determine what carrot of gold they have to work out the value.
What are current the commodity gold prices?
The current gold prices are $1277 per troy ounce. The value of gold has been going down in value for a long period of time, which makes it cheaper and cheaper every day (estimated).
What is silver worth by the ounce?
Current value is $27.33 per ounce.
What is the price for gold?
The current price of gold is $1321.30 per ounce. In 2013, the average price for an ounce of gold was $1204.50.
What was the value of gold on July 7 2008?
The value of gold on July 7, 2008 was $843 per ounce. ($924.90 or £570.0 per troy ounce.)
