Call Me Back
WPhone:
W
Close

Thank you for your request.

We will call you in a few minutes.

Close
Ship To Destination:Germany
Language:English
Currency:Euro

Shopping Cart

0

Gold Price

Origin, Significance, And Outlook

Physical gold is mostly bought and sold in OTC trading. By far the most important trading center since 1919 is the London Bullion Market. In twice held daily gold fixings the London Bullion Market Association sets the quality requirements to demand the "Good Delivery" standard, which includes a minimum purity of 99.5%. The fixed price is, however, always pure gold.

Parallel to the establishment of the U.S. dollar, gold price is quoted depending on the exchange rate of the Euro and British Pound. The current price of gold in Euros is almost never identical to the price in U.S. Dollars due to fluctuations in currency. It is useful to see gold as a commodity whose pricing is the relationship between supply and demand due to, yet still independently, changes in currency. In history, gold has always played a role as a reference for other currencies. Currencies were tied to the existence of gold deposits. From 1944 to 1971 this was under under the Bretton Woods system- the case in which the world's leading currency, the U.S. dollar, derived its legitimacy from the gold reserves of the United States. In August of 1971, under U.S. President Richard Nixon, the price of gold in U.S. dollars picked up, making the non-referential increase to the money supply in the form of a so-called fiat currency possible. Although gold has lost its importance as a stabilizing element for the U.S. dollar, it is still an indicator of the value of the U.S. currency. The price of gold today is like the "anti-dollar".

Gold Price In The Twenty-First Century

On each of the long-term gold price charts the phenomenal rise in gold prices in the 2000s with a temporary high in 2011 may well be read in reverse: that is, as a massive devaluation of the U.S. Dollar. In particular, this is demonstrated by the accelerated rise in prices in 2008, as a result of the banking crisis. During this time the scenario of a collapse of the dollar-based financial system was quite real. The reason that you cannot read this devaluation in the exchange rate, for example in the Euro, is because the European currency itself has lost much of its attractiveness. The yen, which reflects the strength and weakness of the Japanese economy, is not as good of a benchmark for the U.S. dollar. Gold, or the price of gold, plays a role that can currently not be replicated by any official currency. Halfway recognizable is the loss of value of world currency (except in gold) against the Chinese Yuan. This currency is however still not freely tradable and is set with ranges of variation tolerated by the Chinese government.

 

US Dollar Gold Price
Unit Currency Price Calculation
1g Gold US Dollar 41,49 $ 1oz ≈ 31.10 Gramm
1oz Gold US Dollar 1.290,20 $ 1oz ≈ 1,097 Unze
1kg Gold US Dollar 41.485,53 $ 1oz ≈ 0,031 Kilogram
Euro Gold Price
Unit Currency Price Calculation
1g Gold Euro 29,99 € 1oz ≈ 31.10 Gramm
1oz Gold Euro 932,69 € 1oz ≈ 1,097 Unze
1kg Gold Euro 29.990,03 € 1oz ≈ 0,031 Kilogram
 

Gold Price Forecast

The relative decline of the U.S. economy, the inability of the Euro to take on the role of world reserve currency, and the uncertainty of China's ambitions having their own currency- taken together are a good starting point for a long-term rise in the gold price. According to OECD estimates in November 2012, the United States will lose its position as world's largest economy to China in 2016. The International Monetary Fund already came to the same conclusion in April 2011. It is economically unreasonable to assume that the U.S. dollar can keep long beyond that date as the world reserve currency. It is equally unlikely that China will be able to accommodate the Yuan’s ascencion at such short notice. The result is likely to be great confusion and uncertainty.. Nobody can predict what the global financial system will look like in ten or even five years. This uncertainty is what will elevate the price of gold to new heights. Gold has been and always will be a safe haven in times of economic turmoil.

 

British Pound Gold Price
Unit Currency Price Calculation
1g Gold British Pound 24,69 ₤ 1oz ≈ 31.10 Gramm
1oz Gold British Pound 767,73 ₤ 1oz ≈ 1,097 Unze
1kg Gold British Pound 24.685,85 ₤ 1oz ≈ 0,031 Kilogram
Swiss Franc Gold Price
Unit Currency Price Calculation
1g Gold Swiss Franc 36,58 CHF 1oz ≈ 31.10 Gramm
1oz Gold Swiss Franc 1.137,50 CHF 1oz ≈ 1,097 Unze
1kg Gold Swiss Franc 36.575,56 CHF 1oz ≈ 0,031 Kilogram
 
Investing In Gold

While there are numerous ways to make money indirectly by investing in gold - options and certificates on gold and the shares of gold mining companies - none of these can equal in security the investment in physical gold. Physical gold as an investment is mainly available in two forms: gold bullion and gold coins. Due to higher production costs and the collector value, the price of coins is slightly higher than that of bullion. Gold bullion also has a proprietary security feature like that found on banknotes or identity cards. Argor-Heraeus is a licensee of this technology for gold bullion.

Gold Bullion And Gold Coins

Gold bars are available as parts of an ounce, multiples of one troy ounce, grams, or kilograms and again as parts or multiples of these units of weight. Heavier gold bullion and gold coins are cheaper than those in relation with lower weight. The price of gold for 1kg bullion is therefore significantly less than the price of 1000 1g-bars. This rule also applies to gold coins. Troy ounces, parts, and multiples are much more common than expenditures in grams or kilograms. Among the most famous gold coins include Gold Eagle (USA), Krugerrands (South Africa), Maple Leaf (Canada) Gold Panda (China) and Vienna Philharmonic (Austria).

Actual Gold Price in Euro Ask Bid
EUR 1/4oz 7,78g 233,022 232,964
EUR 1/2oz 15,55g 466,044 465,928
EUR 1oz 31,10g 932,087 931,856
EUR 2oz 62,20g 1.864,175 1.863,711
EUR 5oz 155,51g 4.660,437 4.659,278
EUR 10oz 311,04g 9.320,873 9.318,557
EUR 12oz 373,24g 11.185,048 11.182,268
EUR 20oz 622,07g 18.641,747 18.637,113
EUR 25oz 777,59g 23.302,184 23.296,391
EUR 1,0g 29,967 29,960
EUR 2,0g 59,935 59,920
EUR 5,0g 149,837 149,799
EUR 10,0g 299,673 299,599
EUR 20,0g 599,346 599,197
EUR 25,0g 749,183 748,996
EUR 50,0g 1.498,365 1.497,993
EUR 100,0g 2.996,730 2.995,986
EUR 200,0g 5.993,461 5.991,971
EUR 250,0g 7.491,826 7.489,964
EUR 500,0g 14.983,652 14.979,928
EUR 1kg 29.967,304 29.959,855
EUR 2kg 59.934,608 59.919,710
EUR 5kg 149.836,520 149.799,275
04/24/14 18:07:31
No responsibility is taken for the correctness of this information!
Actual Gold Price in US-Dollar Ask Bid
USD 1/4oz 7,78g 322,293 322,143
USD 1/2oz 15,55g 644,585 644,285
USD 1oz 31,10g 1.289,170 1.288,570
USD 2oz 62,20g 2.578,340 2.577,140
USD 5oz 155,51g 6.445,850 6.442,850
USD 10oz 311,04g 12.891,700 12.885,700
USD 12oz 373,24g 15.470,040 15.462,840
USD 20oz 622,07g 25.783,400 25.771,400
USD 25oz 777,59g 32.229,250 32.214,250
USD 1,0g 41,448 41,428
USD 2,0g 82,896 82,857
USD 5,0g 207,239 207,142
USD 10,0g 414,478 414,285
USD 20,0g 828,956 828,570
USD 25,0g 1.036,194 1.035,712
USD 50,0g 2.072,389 2.071,424
USD 100,0g 4.144,778 4.142,849
USD 200,0g 8.289,556 8.285,698
USD 250,0g 10.361,945 10.357,122
USD 500,0g 20.723,889 20.714,244
USD 1kg 41.447,778 41.428,488
USD 2kg 82.895,556 82.856,976
USD 5kg 207.238,890 207.142,440
04/24/14 18:07:31
No responsibility is taken for the correctness of this information!
Actual Gold Price in British Pound Ask Bid
GBP 1/4oz 7,78g 191,852 191,797
GBP 1/2oz 15,55g 383,704 383,594
GBP 1oz 31,10g 767,409 767,189
GBP 2oz 62,20g 1.534,818 1.534,377
GBP 5oz 155,51g 3.837,044 3.835,943
GBP 10oz 311,04g 7.674,088 7.671,886
GBP 12oz 373,24g 9.208,905 9.206,263
GBP 20oz 622,07g 15.348,175 15.343,772
GBP 25oz 777,59g 19.185,219 19.179,715
GBP 1,0g 24,673 24,666
GBP 2,0g 49,346 49,331
GBP 5,0g 123,364 123,328
GBP 10,0g 246,728 246,657
GBP 20,0g 493,455 493,314
GBP 25,0g 616,819 616,642
GBP 50,0g 1.233,638 1.233,284
GBP 100,0g 2.467,277 2.466,569
GBP 200,0g 4.934,553 4.933,137
GBP 250,0g 6.168,191 6.166,422
GBP 500,0g 12.336,383 12.332,844
GBP 1kg 24.672,765 24.665,687
GBP 2kg 49.345,530 49.331,374
GBP 5kg 123.363,825 123.328,435
04/24/14 18:07:31
No responsibility is taken for the correctness of this information!
Actual Gold Price in Swiss Franc Ask Bid
CHF 1/4oz 7,78g 284,230 284,001
CHF 1/2oz 15,55g 568,460 568,002
CHF 1oz 31,10g 1.136,919 1.136,003
CHF 2oz 62,20g 2.273,838 2.272,007
CHF 5oz 155,51g 5.684,595 5.680,017
CHF 10oz 311,04g 11.369,190 11.360,033
CHF 12oz 373,24g 13.643,028 13.632,040
CHF 20oz 622,07g 22.738,380 22.720,066
CHF 25oz 777,59g 28.422,976 28.400,083
CHF 1,0g 36,553 36,523
CHF 2,0g 73,106 73,047
CHF 5,0g 182,764 182,617
CHF 10,0g 365,528 365,234
CHF 20,0g 731,056 730,467
CHF 25,0g 913,820 913,084
CHF 50,0g 1.827,640 1.826,168
CHF 100,0g 3.655,280 3.652,336
CHF 200,0g 7.310,559 7.304,671
CHF 250,0g 9.138,199 9.130,839
CHF 500,0g 18.276,398 18.261,678
CHF 1kg 36.552,795 36.523,355
CHF 2kg 73.105,590 73.046,710
CHF 5kg 182.763,975 182.616,775
04/24/14 18:07:31
No responsibility is taken for the correctness of this information!