As of 21 Sep, 24 K gold is 813.57 per ounce in British pounds.
Spot price of 1 troy ounce of gold on 10-05-2010 is currently US dollars $1340.00 per troy ounce. 18 karat gold is 75 percent gold, so take the TROY ounce weight for the 18 karat gold item times .75 to get the PURE 24 karat gold amount, then multiply that by 1340. 1 troy ounce of 18 karat gold is worth $1005 dollars. 1 troy ounce is equal to 31.1034768 grams, or 1.09714286 US ounces, (so you need MORE than one US ounce of pure 24 karat gold to get the spot price of a TROY ounce of gold!)
The $POG was set by the US Government in 1934 at US$35/ounce. That price lasted until 1972. So in 1956, the price would have been US$35/ounce.
Whatever someone is willing to pay for it. Presently the price of gold is about $1700 US. so 1000 ounces would be about $1.7 million. But, you would need a buyer to buy it, and multiple buyers, selling it off 1 ounce at a time, might offer different values from $1400 to $2000.
There are 20 pennyweights in one Troy Ounce of gold.
A nugget of gold is usually worth more than the stated gold commodity price per ounce. Collectors and enthusiasts like them and are willing to pay more.
15,000 per ounce
The current price of gold is $1321.30 per ounce. In 2013, the average price for an ounce of gold was $1204.50.
Currently the price of gold per ounce is $1,421.45.
The average price for a troy ounce of gold in 1920 was $20.68
The average price per troy ounce of gold in 1909 was $18.96
The price of gold is usually quoted in troy ounces.
The average price per troy ounce of gold in 1930 was $20.65
The average price per troy ounce of gold in 1865 was $18.93
The average price per troy ounce of gold in 1995 was $383.79
The average price per troy ounce of gold in 1848 was $18.93
The average price per troy ounce of gold in 1991 was $362.11
The average price per troy ounce of gold in 1900 was $18.96