Gold price over 1 year in USD per ounce
The chart above illustrates the gold price per ounce over 1 year. 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.
1 year gold price trends
Over a year, gold is often used as a hedge against inflation and currency fluctuations. The 12-month view can show the impact of fiscal policy, central bank actions, and longer-term geopolitical changes on gold prices. Investors use yearly trends to assess gold's role in diversifying their portfolios and as a safe haven during periods of economic uncertainty.
Gold Price - 1 year (per ounce)
Gold price per ounce
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.
Gold price FAQ
- How much is 1 ounce of gold worth today?
Current price of gold is 3,994 usd per ounce.
- Why is gold valuable?
Gold has been historically valuable for its rarity, durability, and industrial uses. Read more about why gold is valuable here.
- What is gold used for?
Gold is used in various industries, including jewelry and finance. Learn more in our full guide about gold uses here.
- Why investing in gold could be a good idea?
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.
