As a precious metal, gold is widely used as a store of value and a medium of exchange. It is just one of the precious metals traded in the world. The price of gold in markets is determined by the supply and demand. Gold price is also impacted by investment demand, and by the purchase of gold as jewelry, especially by women. Gold has long been one of the most important precious metals used by man. It has been used as money and as an investment.
The price of gold is currently determined by the spot price, which is the current market price. It is set by the market and not by a specific dealer. The spot price is the price at which a dealer will buy or sell gold bullion at any given time.
View the latest gold price per ounce, gram and kilogram of all major countries from all over the world in 160 major currencies.