How much is 1 ounce of gold?

Conversion. Gold Price (Spot) 1 Troy Ounce ≈ 0,031 Kilogram. Gold Price Per 1 Kilogram 56877.89 USD. 1 Troy Ounce ≈ 1,097 Ounce. Gold Price Per 1 Ounce 1612.47 USD.

What is the unit conversion for gold price today?

Unit conversion for Gold Price Today Conversion Gold Price (Spot) Price 1 Troy Ounce ≈ 31,10 Gram Gold Price Per 1 Gram 56.37 USD 1 Troy Ounce ≈ 0,031 Kilogram Gold Price Per 1 Kilogram 56365.72 USD 1 Troy Ounce ≈ 1,097 Ounce Gold Price Per 1 Ounce 1597.95 USD

How is the price of gold determined?

The price is determined by converting the current spot gold price for an ounce or gram of gold into the country"s currency. For example, the current spot gold price for 1 gram of gold would be converted into Indian Rupees according to the current exchange rate. How is the current price of gold per ounce determined?

Is the gold price the same as the spot price?

The gold price can, however, be quoted in any currency by the ounce, gram or kilo. The price of gold is constantly on the move and can be affected by many different factors. Is the Gold Price the Same as the Spot Price? When looking at gold prices, the figures quoted are typically going to be spot gold prices unless otherwise specified.