How much does gold cost per ounce?

In January of 2019, that investor may have been able to purchase gold for approximately $1300/ounce, meaning that by September of 2020, those five ounces becoming eight ounces would put his average cost per ounce of gold at $812.50.

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.

Should you buy gold without a premium?

Without a premium, the metal stays in the ground and no market can exist. If you see gold listed below spot price, it’s best to default to suspicion. Track the current Gold price with the APMEX Gold price chart. The current Gold spot price is a click away. View the spot price of Gold and plan your purchase today.