GOLD PRICE PER OUNCE IN US DOLLARS, GB POUNDS AND EUROS
FOR GOLD PRICE IN GRAMS DIVIDE GOLD PRICE IN REQUIRED CURRENCY PER KILO BY 1,000
GOLD PRICE IN US DOLLARS PER OUNCE
GOLD PRICE IN EUROS PER OUNCE
GOLD PRICE IN US DOLLARS PER KILO
GOLD PRICE IN EUROS PER KILO
When looking at the gold price it is important to see not just the price as it is at the present time but to look at what has happened historically. Looking at the gold price over different time frames can be useful; you can look at our gold price charts to observe different parameters such as time periods. If you were looking at a short term investment you could decide to base your entry point on what has happened to the gold price over a period of maybe a couple of weeks, if you were looking at a long term investment you could base your decision on what has occurred over the last few months, you could even go back several years to find a pattern or trend.
If you were buying gold bullion as a long term investment it would make sense to buy on dips and accumulate a holding whenever the price got below a particular level. If you believe that the long term trend is up, even though there will be dips along the way, choosing to buy on the dips would be profitable.
To buy gold bullion and trade it at competitive prices you could try BullionVault, we use their services ourselves. If you do use them we get a small commission which helps with the upkeep of this website. This does not however affect the price you pay which remains very competitive.
GOLD PRICE PER OUNCE IN OTHER CURRENCIES. 24HR / NEW YORK (EST) TIME
GOLD PRICE IN INDIAN RUPEES
GOLD PRICE IN JAPANESE YEN
GOLD PRICE IN SOUTH AFRICAN RAND
GOLD PRICE IN BRAZILIAN REAL
GOLD PRICES ARE NORMALLY BASED ON US DOLLARS PER TROY OUNCE OF GOLD. GOLD PRICES, HOWEVER, FLUCTUATE IN DIFFERENT CURRENCIES ON A CONTINUAL BASIS BASED ON THE VALUES OF OTHER CURRENCIES IN RELATION TO THE DOLLAR.
If you were considering trading gold for shorter term gains it would be advisable to get a charting package with options to look at the gold price per ounce in 1,5,10 etc. minute time-frames, most spread betting companies offer charting packages for free when you open an account, some have advanced charts which will allow you to apply indicators to the gold price chart. Looking at indicators can be useful but too many can be confusing, it is best to use just a few popular ones such as stochastic and MACD, as many people base their investment decisions on these it can become a self-fulfilling prophesy when everyone follows the movement of a specific indicator.
As fundamentals also affect the gold price, economic news or world events such as earthquakes or tsunamis can send it up or down dramatically, news events in the United States can also have a dramatic effect on the price, this is a potential pitfall when trading short term. When trading gold you can go long or short, buying on dips and selling on rallies. A simple strategy if you thought that the price would continue to rise over the long term would be to buy every time the gold price per ounce goes down by say $20 or $30, this would mean that you would be continually accumulating over a period of time, if the price continued to fall and you followed this strategy, when the gold price eventually started to rise your gains would be rising on an exponential basis. If the price was ranging up and down you could liquidate some of your holding as each trade moved into profit.
These comments should not be taken as investment advice; you should always do your own research before trading or making investment decisions.To buy gold bullion and trade it at competitive prices you could try BullionVault, we use their services ourselves. If you do use them we get a small commission which helps with the upkeep of this website. This does not however affect the price you pay which remains very competitive.