What Is Gold Selling For Today Per Ounce

If you re selling gold coins a reasonable settlement would be 90 of the market value.

What is gold selling for today per ounce.

That s a huge move up in nominal terms over the past century. Gold price per ounce today is updated once every 1 minute. The current gold price can be readily found in newspapers and online. If you re selling gold jewelry a reasonable settlement would be 70 to 80 of the market value.

The spread or the bid ask spread is the difference between the ask gold price per troy ounce and the bid gold price and represents the dealer s profit. If the ratio is at 60 to 1 this means it would take 60 ounces of silver to buy one ounce of gold. That s about a 30 difference per ounce of gold bullion. Dealers will offer to sell gold to you for the ask price and when you decide to sell gold back the dealer will pay the bid price.

Although prices per ounce in dollars are typically used you can also easily access the gold price in alternative currencies and alternative weights. Do remember that the value of gold per ounce is always a function of supply demand and many other factors. Investments in gold. The gold to silver ratio shows you how many ounces of silver it would take to buy an ounce of gold.

Gold bars can also be purchased in fractional sizes such as 1 gram 2 gram 5 gram 20 gram 50 gram and more. It s not that gold has become so much more expensive. The demand of gold has been seen to increase in the years that followed resulting in the uptick of prices in the commodity. By 2004 the average price per ounce of gold amounted to 409 72.

This represents the price of gold at that moment per troy ounce. For example today a 1 oz american gold eagle coin may be bought from a dealer for 1355. What is the right amount to receive for your gold. 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.

The live price chart gives you a breakdown per gram dwt pennyweight and troy ounce. That same dealer is also offering a 1 oz opm gold bar for 1323. Yet in real terms gold prices today aren t much different from what they were when they were last quoted at 20 an ounce. In recent years gold has traded between 1 200 and 1 900 per ounce.

Smaller investors for example may be more interested in the price of gold per gram than ounces or kilos. For example if gold is selling for 1 200 per troy ounce the value of a 10 gram piece that is 12 karats would be calculated like this.