Disclaimer: Information on GoldSilverAI is for educational purposes only and is not intended as financial advice. Consult a professional advisor before making investment decisions.
Disclaimer: Information on GoldSilverAI is for educational purposes only and is not intended as financial advice. Consult a professional advisor before making investment decisions.
The chart above illustrates the gold price per ounce over 1 week. Click on the buttons in the upper left corner to find information on the gold price across various time frames, from live updates to historical gold price data. Typically, the gold price is shown in troy ounces by default, but via the buttons in the upper right corner we also offer options to display the price in grams and kilograms.
Over the past week, gold prices tend to reflect short-term shifts in investor sentiment. This period captures reactions to specific events, such as government reports or geopolitical developments. Investors who watch weekly prices often look for quick profits but might be affected by short-term changes.
Gold is traditionally measured in troy ounces, a unit that dates back to the Roman Empire. The troy ounce is widely used in international gold trading, especially in the United States and the United Kingdom. Investors and traders use ounces as a standard for pricing and trading gold bars and coins globally.
Current price of gold is 2,736 usd per ounce.
Gold has been historically valuable for its rarity, durability, and industrial uses. Read more about why gold is valuable here.
Gold is used in various industries, including jewelry and finance. Learn more in our full guide about gold uses here.
Gold is a reliable store of value and a hedge against inflation, particularly during times when governments increase the money supply, leading to devaluation of fiat currencies​. Learn more about paper money and why the current monetary system could be about to fail here.