The current price of gold is approximately $3,516.10 per troy ounce according to gold futures data. The price fluctuates depending on market conditions, and it is quoted in U.S. dollars per troy ounce, which is equivalent to about 31.1 grams. The value of gold can also be expressed per gram; for example, the price per gram is around $110 to $111 based on recent spot prices. Gold prices are influenced by factors like market supply and demand, geopolitical uncertainties, interest rates, inflation expectations, and the strength of the U.S. dollar. Gold is typically used as a hedge against inflation and as a safe-haven asset during economic uncertainty. In summary:
- Gold price per troy ounce: $3,516.10 (latest futures price)
- Gold price per gram: Around $110 to $111
- Prices update frequently with market trading hours and news affecting value.
