How expensive is gold?

Updated: 12/14/2022
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9y ago

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Several hundred dollars per ounce. (600 the last time I checked.

More recently (2010) it has traded in the $1,000 range.

Gold changes daily according to the international market based on supply and demand economics.the daily fluctuation is generated for buyers as the "Spot Price". Anyone can check the daily spot price on gold and other precious metals on a number of websites and precious metals vendor's sites. Currently , in 2014 gold is averaging between 1200 and 1400 an ounce. Jewellers and other buyers that use metals in their daily business keep apprised of the spot price and purchase their metals accordingly. Silver is averaging between 18-22 dollars an ounce for fine silver.Sterling being an alloy of fine silver and copper is a bit more variable as some vendors include steep charges for forming the metal into sheet, wire, etc. so it is not a good indicator of daily market price.

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9y ago
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Q: How expensive is gold?
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