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.

Why are gold prices higher than silver prices?

The less supply there is of a metal, the higher the price. Therefore, gold prices tend to be much higher than silver prices because it is much harder to get. The reason supply is much larger for silver is because it is an easier metal to mine and it is often mined as a by-product to other metals mining.

What happened to the price of gold?

The price of gold has virtually experienced a surge in recent years. After the price of gold passed the mark of 1,000 US dollars per ounce for the first time in March 2008, by the end of 2011 it had already reached 1,600 US dollars per ounce.

How much does a ounce of gold cost?

59.77 USD. 1 Troy Ounce ≈ 0,031 Kilogram. Gold Price Per 1 Kilogram. 59765.02 USD. 1 Troy Ounce ≈ 1,097 Ounce. Gold Price Per 1 Ounce. 1694.31 USD.