ThirTy six dollars and 50 cents a troy ounce
The price of gold is usually quoted in troy ounces.
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 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
On the 22nd August 2012 at 8:45 GMT the price of gold was ¥335.74 per gram. 1 troy ounce = 31.1034768 grams Price of gold per gram * Number of grams per troy ounce = Price of gold per troy ounce 335.74 * 31.1034768 = 10442.6813008 1 troy ounce = ¥10442.6813008
A troy ounce is about 31 grams and the US standard ounce (avoirdupois) is about 28 grams. When buying coins, or gold or silver, you get more by getting a troy ounce. The price of gold and silver is in troy ounces. So, for example, if gold is $1400 an ounce, that price is for a troy ounce. A 28 gram ounce of gold is not worth $1400.
The average price per troy ounce of gold in 1962 was $35.23
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