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1 pound of gold costs 26,400$ for 2012.

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13y ago

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926.34 per ounce x 16 ounces in a pound = 14,821.44 per pound of gold.try this site its usefulhttp://gold-price-blog.info/_____________He might be referring to a troy pound of gold. In that case, there are 12 troy ounces to a pound, therefore multiply the cost of one ounce of gold by twelve.Also, the spot price of gold is NOT the cost of gold or value of gold. The spot price of gold is for traders in the futures commodity market. Add around 5% to the spot price of gold to get how much you will be able to buy your one ounce of gold for from most companies. I've been trading gold for over ten years and people who argue that they should buy their gold at the exact spot price are wished 'good luck' and shown the door.For example, today 09-18-09, gold spot was 1010 and I was selling bars for around 1045 per troy ounce and one ounce bullion eagles for around 1055.