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HomeGold Price
Gold Price 1.124,33 € -1,14 € (-0.1%)
Silver Price 15,40 € 0,06 € (0.4%)
Platinum Price 855,70 € 8,46 € (1%)
Palladium Price 692,66 € 3,93 € (0.57%)
Last Updated: Tue, 23 May 2017 12:49:02 +0000

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.

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.

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 bars and gold coins. Due to higher production costs and the collector value, the price of coins is slightly higher than that of bars. Gold bars also has a proprietary security feature like that found on banknotes or identity cards. Argor-Heraeus is a licensee of this technology for gold bars.

Gold Bars 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 bars and gold coins are cheaper than those in relation with lower weight. The price of gold for 1kg bars 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 280,766 280,707
EUR 1/2oz 15,55g 561,532 561,415
EUR 1oz 31,10g 1.123,064 1.122,830
EUR 2oz 62,20g 2.246,128 2.245,659
EUR 5oz 155,51g 5.615,320 5.614,148
EUR 10oz 311,04g 11.230,639 11.228,297
EUR 12oz 373,24g 13.476,767 13.473,956
EUR 20oz 622,07g 22.461,278 22.456,593
EUR 25oz 777,59g 28.076,598 28.070,742
EUR 1,0g 36,107 36,100
EUR 2,0g 72,215 72,200
EUR 5,0g 180,537 180,499
EUR 10,0g 361,073 360,998
EUR 20,0g 722,147 721,996
EUR 25,0g 902,684 902,495
EUR 50,0g 1.805,367 1.804,991
EUR 100,0g 3.610,734 3.609,981
EUR 200,0g 7.221,469 7.219,962
EUR 250,0g 9.026,836 9.024,953
EUR 500,0g 18.053,672 18.049,906
EUR 1kg 36.107,343 36.099,812
EUR 2kg 72.214,686 72.199,624
EUR 5kg 180.536,715 180.499,060
05/23/2017 14:49:35
No responsibility is taken for the correctness of this information!
Actual Gold Price in US-Dollar Ask Bid
USD 1/4oz 7,78g 315,413 315,263
USD 1/2oz 15,55g 630,825 630,525
USD 1oz 31,10g 1.261,650 1.261,050
USD 2oz 62,20g 2.523,300 2.522,100
USD 5oz 155,51g 6.308,250 6.305,250
USD 10oz 311,04g 12.616,500 12.610,500
USD 12oz 373,24g 15.139,800 15.132,600
USD 20oz 622,07g 25.233,000 25.221,000
USD 25oz 777,59g 31.541,250 31.526,250
USD 1,0g 40,563 40,544
USD 2,0g 81,126 81,087
USD 5,0g 202,815 202,718
USD 10,0g 405,630 405,437
USD 20,0g 811,260 810,874
USD 25,0g 1.014,075 1.013,592
USD 50,0g 2.028,149 2.027,185
USD 100,0g 4.056,299 4.054,370
USD 200,0g 8.112,598 8.108,740
USD 250,0g 10.140,747 10.135,925
USD 500,0g 20.281,495 20.271,850
USD 1kg 40.562,989 40.543,699
USD 2kg 81.125,978 81.087,398
USD 5kg 202.814,945 202.718,495
05/23/2017 14:49:35
No responsibility is taken for the correctness of this information!
Actual Gold Price in British Pound Ask Bid
GBP 1/4oz 7,78g 243,036 242,977
GBP 1/2oz 15,55g 486,073 485,954
GBP 1oz 31,10g 972,145 971,908
GBP 2oz 62,20g 1.944,290 1.943,815
GBP 5oz 155,51g 4.860,726 4.859,538
GBP 10oz 311,04g 9.721,452 9.719,075
GBP 12oz 373,24g 11.665,742 11.662,890
GBP 20oz 622,07g 19.442,903 19.438,150
GBP 25oz 777,59g 24.303,629 24.297,688
GBP 1,0g 31,255 31,248
GBP 2,0g 62,510 62,495
GBP 5,0g 156,276 156,238
GBP 10,0g 312,552 312,476
GBP 20,0g 625,104 624,951
GBP 25,0g 781,380 781,189
GBP 50,0g 1.562,760 1.562,378
GBP 100,0g 3.125,519 3.124,755
GBP 200,0g 6.251,039 6.249,510
GBP 250,0g 7.813,798 7.811,888
GBP 500,0g 15.627,597 15.623,776
GBP 1kg 31.255,193 31.247,552
GBP 2kg 62.510,386 62.495,104
GBP 5kg 156.275,965 156.237,760
05/23/2017 14:49:35
No responsibility is taken for the correctness of this information!
Actual Gold Price in Swiss Franc Ask Bid
CHF 1/4oz 7,78g 306,581 306,341
CHF 1/2oz 15,55g 613,162 612,681
CHF 1oz 31,10g 1.226,324 1.225,362
CHF 2oz 62,20g 2.452,648 2.450,725
CHF 5oz 155,51g 6.131,619 6.126,811
CHF 10oz 311,04g 12.263,238 12.253,623
CHF 12oz 373,24g 14.715,886 14.704,347
CHF 20oz 622,07g 24.526,476 24.507,246
CHF 25oz 777,59g 30.658,095 30.634,057
CHF 1,0g 39,427 39,396
CHF 2,0g 78,854 78,793
CHF 5,0g 197,136 196,982
CHF 10,0g 394,272 393,963
CHF 20,0g 788,545 787,926
CHF 25,0g 985,681 984,908
CHF 50,0g 1.971,361 1.969,816
CHF 100,0g 3.942,723 3.939,631
CHF 200,0g 7.885,445 7.879,262
CHF 250,0g 9.856,806 9.849,078
CHF 500,0g 19.713,613 19.698,156
CHF 1kg 39.427,225 39.396,312
CHF 2kg 78.854,450 78.792,624
CHF 5kg 197.136,125 196.981,560
05/23/2017 14:49:35
No responsibility is taken for the correctness of this information!
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