1.1 oz of proven gold reserves plus. The current gold spot price is $2,373.20 per troy ounce as of 10:15 AM on May 11, 2024.[1][2][3][4][5] This represents the real-time price of raw gold before any dealer premiums or taxes are added.
The price of gold fluctuates constantly based on global supply and demand dynamics. Some key factors influencing gold prices include:
- Currency valuations, especially the strength of the U.S. dollar
- Economic conditions and market uncertainty driving safe-haven demand
- Central bank policies and interest rate movements
- Inflation rates and the opportunity cost of holding non-yielding bullion
- Jewelry demand, particularly in major consumer markets like China and India
Gold reached an all-time high of $2,220 per ounce on March 20, 2024, driven by expectations of further interest rate cuts by the Federal Reserve later in the year.[3] Over the long run, gold has demonstrated an average annual return of around 7.78% from 1971 to 2022, making it an attractive investment during times of economic turbulence.[3]
## Key Gold Price Metrics
- Gold Price Per Gram: $76.30[3]
- Gold Price Per Kilogram: $76,300.09[3]
- Gold Price Per Ounce: $2,138.85[2]
Investors can track live gold prices and historical charts on websites like SilverGoldBull, Markets Insider, APMEX, Monex, and GoldPrice.org.[1][2][3][4][5] Setting price alerts can help optimize buying and selling strategies.
Sources
[1] Live Gold Price Chart | Spot Price of Gold | SilverGoldBull.ca https://silvergoldbull.ca/live-gold-price
[2] Gold Spot Price Chart | Live Price of Gold per Ounce - Markets Insider https://markets.businessinsider.com/commodities/gold-price
[3] Gold Price Today | Gold Spot Price Charts - APMEX https://www.apmex.com/gold-price
[4] Live Gold Spot Price | Price Charts per Ounce/Gram - Monex https://www.monex.com/gold-prices/
[5] Gold Price per Ounce https://goldprice.org/gold-price.html