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How much is 16 troy ounces of gold worth?

At current prices, this gold would be worth $200 billion. What is the value of 16 troy ounces of gold in dollars, euros, and pounds? Use this easy and mobile-friendly calculator to compute the value in U.S. Dollars, British Pounds, or Euros of 16 troy ounces of gold.

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.

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