What is the current value of gold per ounce?

Answer 1

The price of gold is not fixed, but varies according to demand.

On October 1, 2010, a troy ounce of gold was worth about $ 1315.00 USD (see below for pounds).

On October 1, 2015, a troy ounce of gold was worth about $ 1120.00 USD.

Between those dates, one-ounce gold prices were as high as $ 1895 and as low as $ 1066.

Gold is measured in Troy ounces. However, the typical "pound" is not a troy measurement (it is technically called an Avoirdupois pound -- a typical American pound). There are ~14.583 Troy ounces in one American (Avoirdupois) pound.

So to find the current value of of one pound of gold, simply multiply 14.583 times the current price of gold (look at goldprice.com for a current valuation).

Weighing gold by the pound is not a typical measurement.

Answer 2

To find the value of a gram of gold, you must first find the spot price of gold (per troy ounce) in your country, then convert to grams. Thus, if the spot price of gold is 900 US dollars per troy ounce and there are about 31.10 grams in a troy ounce, then the math follows:

$900 x 1 ounce/31.10 grams = $28.94/gram

To find the value of jewelry, you need to know the karats (weight) of actual gold in the jewelry. 24kt gold is the most karats of gold available and this is basically pure gold. 14kt and 18kt are common in the US, while 22kt gold is sold overseas. If you buy an 18kt piece of jewelry, this means that this jewelry is in fact only 75% gold. The remaining 25% is other metals.

So if I have a gram of 18kt gold jewelry, I must multiply price per gram by percent gold to find the actual price in grams. $28.94 x .75 = $21.71/gram. Other factors will also affect the ultimate price, such as workmanship, gemstones, etc.

A gram of gold weighs approx the same as a dollar bill and at todays price is valued at $32

Answer 3

There are 14.58333 troy ounces in a pound in the gold market. $1274 is the current spot price for gold.

Answer 4

It depends on whether you're buying or selling, but the current price is roughly $ 1,314.43 per ounce USA on 03-2018.

Answer 5

On Spetember 16 2009 the spot price was running about $1015 an ounce.

Answer 6

As of August 26th 2011 it was USD 1827.36 per Ounce

Answer 7

one pound of gold is worth $16,310.37

Answer 8

£34.23

Answer 9

60.00