How much is hundred pounds of gold worth?

Answer 1

Gold and precious metals are sold in TROY ounces- a bit different from everyday oz. There are 14.83 troy oz to a standard pound- or 1483 troy oz to 100 standard pounds. The US price for gold this morning is $1124.93 per oz. At today's prices (and they DO change hour by hour) 100 standard pounds of pure gold would be worth $1,668,271.19

Answer 2

Hi,

The spot price of gold is quoted in Troy Ounces, and a Troy Pound is equal to 12 Troy Ounces.

So, as of August 2010, one pound of pure gold is worth about $1200 * 12 = $14400.