How much is a ounce of gold in grams?

A regular ounce of gold is equal to 28.35 grams. How does the current gold price compare to historical gold prices? The price of gold has increased approximately 4,750% since 1935 when President Franklin D. Roosevelt raised the value of gold to $35 per ounce. This is compared to today’s gold prices (June 2020) that are hovering around $1,700.

Are gold spot prices Universal?

Gold spot prices are universal, as most gold markets use live gold prices listed in U.S. dollars, so the price of gold per ounce is the same worldwide. The gold spot price is typically listed in troy ounces, but it can be converted into any unit of measure you want to buy or sell.

How many grams are in a troy ounce of gold?

There are 31.1034807 grams in one troy ounce of gold. A troy ounce is a larger system of measurement for precious metals known as Troy weights. A regular ounce of gold is equal to 28.35 grams. How does the current gold price compare to historical gold prices?