Current gold price per gram and ounce, 10-year chart

You can also view an analysis of the future price trend based on 24 indicators. Gold with a purity of 24 ct is exempt from VAT. The price of gold varies depending on its purity.

1 troy ounce = 31.1034768 g

If you divide the price in the chart by 31.1034768, you will get the price of gold per 1 gram. We are currently working on obtaining data that would allow us to calculate the price of gold in grams automatically and also create a conversion calculator. Precious metal prices may vary between different sellers.

Price change

Historical prices

What is gold purity?

Gold purity determines the ratio between pure gold and other elements in gold. Gold is often combined with silver or other metals in order to reduce the price of jewellery and also to change its hardness and colour. Gold purity is stated in carats (ct). The highest gold purity is 24 ct, which tells us that it is 99.9% pure gold. For jewellery, 14 ct or 18 ct gold is most commonly used in most countries around the world, while in Arab countries at least 18 ct gold is used to make jewellery.

What does the unit ct mean?

1 carat is 1/24 of the weight

1 ct = 1/24 => 4.16% purity

24 ct = 99.9% purity

18 ct = 18/24 => 75% purity

14 ct = 14/24 => 58.3% purity

Future gold price development

The widget above works by using 24 indicators. The numbers in the widget show how many of the indicators used recommend buying gold (BUY), selling it (SELL), or doing nothing (NEUTRAL).
Combining a larger number of indicators could theoretically improve the accuracy of the future price forecast compared with using just one indicator. Unfortunately, we do not know which indicators are used in the technical analysis above, as this is an external plugin from TradingView and they do not provide this information.

Although we consider the widget a useful tool for making a rough estimate of the future gold price, we certainly do not recommend trading based on the information obtained from it. This is mainly because precious metals are often strongly affected by market events that cannot be predicted using technical analysis.

Factors affecting the gold price

The only factor that affects the price of gold is supply and demand. So it would be better to ask which factors affect the supply of and demand for gold. You probably know that the main function of gold is to store value.

When does demand for gold increase?

• Demand for gold increases when the value of money falls, especially the US dollar.
• When central banks buy gold for their reserves.
• When bank interest rates decrease.

As demand rises, the price of this commodity also rises.

When does demand fall or supply increase?

• When new sources of gold are found or mining costs decrease.
• When the price of money rises, especially the US dollar.
• When banks increase interest rates.

As demand for gold falls, its price also falls.

How to invest in gold?

In addition to buying traditional physical gold in the form of bars, there are modern ways to invest in gold, especially through ETFs (exchange-traded funds) and shares in mining companies. Let us look at specific shares through which you can invest in gold.

SPDR Gold Shares (ticker GLD) is one of the largest and oldest ETFs focused on gold. The fund was established back in 2004 and its aim is to provide investors with performance that corresponds to the price of gold. Below, we provide more detailed information about this share.

• Underlying asset: Physical gold.
• Returns: Derived from the price of gold.
• Fees: The annual management fee is approximately 0.40%. The investor does not pay this fee directly, as it is already priced into the current share price.
• Liquidity: High, as this is one of the most traded ETFs in the world.

iShares Gold Trust (ticker IAU) is another popular ETF that tracks the price of gold. This fund offers a cheaper alternative compared with SPDR Gold Shares.

• Underlying asset: Physical gold.
• Returns: Dependent on movements in the gold price.
• Fees: The annual management fee is around 0.25%. The investor does not pay this fee directly, as it is already priced into the current share price.
• Liquidity: High, thanks to the large trading volume.
• Fund size: Smaller than GLD, but still very liquid with substantial assets under management.

VanEck Vectors Gold Miners ETF (GDX) differs from the ETFs mentioned above in that it does not track the price of physical gold, but invests in shares of gold mining companies.

• Underlying asset: Shares of mining companies.
• Returns: Depend on the current price, or more precisely on the performance of individual companies, which is significantly affected by the price of gold.
• Fees: The annual management fee is 0.52%. The investor does not pay this fee directly, as it is already priced into the current share price.
• Liquidity: High, as this is one of the most traded ETFs focused on mining companies.
• Risk: Higher than for ETFs directly linked to physical gold, because the performance of mining companies can be volatile.

Barrick Gold Corporation (GOLD) is a huge conglomerate and a giant in gold mining. Barrick Gold Corporation is the second-largest mining company in the world. This company offers investors an opportunity to benefit from rising gold prices as well as dividends.

• Primary activity: Gold and copper mining.
• Dividend yield: Regular dividends, attractive for investors seeking stable income.
• Market capitalisation: A large-cap company with high share liquidity.
• Mergers and acquisitions: Active in acquisitions, which may bring further growth.
• Geographical diversification: Operations across several continents, which diversifies risk compared with shares/ETFs in a single region.

Investing in gold through ETFs and shares offers various options depending on investor preferences. ETFs focused on physical gold, such as GLD and IAU, are suitable for those who want direct exposure to the gold price at low cost. On the other hand, ETFs such as GDX and shares of companies such as the aforementioned Barrick Gold may offer higher potential returns, but also higher risk. Every investor should consider their investment goals, risk tolerance and time horizon before deciding how to invest in gold.