Gold Price per Gram ☛

Are you wondering, "what's the price of gold per gram"? The live chart above shows the current spot gold price per gram in US dollars. You can change the currency by using the menu at the top of the chart.

What is Gold Price in Kilos and Grams?

The chart shows the gold price per kilo along the vertical axis on the left hand side. To obtain ​the gold price per gram, simply divide this value by 1000.

For example, if the graph shows the gold price per kilo as $40,207.16, then if we divide that amount by 1000, we get $40.20. This is the gold price per gram.

As with the other charts located on this site, just hover your mouse over the graph to see the particular price at a given time.

What's the Price of Gold?

Gold Price per Gram

You may also manipulate the graph by choosing a specific range of time, located at the top of the graph. You can switch to silver prices by clicking the button at the top left.

This chart updates every 10 seconds (you do not have to refresh the page). You may always refer to this page to find the current price of gold at any given time.

Global Value of Gold per Gram

Globally, the most valued precious metal is gold. Its popularity has persisted for millennia and throughout history has been used as the monetary vehicle. It also has been the determinant of a country’s wealth.

Price of Gold per Gram

The gold price per gram is always a function of several factors including demand and supply. Much like any commodity, the price of gold per gram fluctuates as these factors vary. In other words, the price of gold per ounce can increase and decrease due to the factors affecting it. This article will help you appreciate what is going on behind gold prices per gram each day.

Gold Prices per Gram

In the past, gold was the standard of the value for all the currencies in the world, but now this has been changed. President Nixon took the US off the gold standard in 1971. Since then, gold investment has become very popular. Gold price is mostly stated in a currency value; most commonly US dollars per troy ounce or per gram.

price of gold per gram

Factors Affecting Gold Price per Gram

It is very complicated to price precious metals, especially silver and gold. This is because being money it is subjected to other, more nuanced, influences than stocks and currencies.

The following are the factors that can affect the price of gold:

  • Inflation

  • Global crises

  • US dollar

  • Demand and supply

  • Manipulation of gold prices per gram.

Manipulation of gold prices

I’ve put this first because, in our opinion, it’s the most immediate -- and most serious -- factor affecting the price of gold per gram today. Much investigation has been done in recent times to discover how the price of gold is manipulated. Much to the detriment of the investor, one method to manipulate the price of gold is to sell it from the reserve.

In order to reduce the speed of growth in gold investment, the Federal Reserve allegedly short sell the gold to different companies, increasing supply and thus lowering price. These manipulations are done to reduce investment in gold and to retain confidence in fiat currencies.

It should be noted that this manipulation of gold prices per gram cannot go on for ever and anecdotal evidence suggests that it may end soon. For many investors -- including us at eGoldAdvisor -- this is a buy signal for gold.

How Does Inflation Affect the Price of Gold?

Inflation can easily affect the value of gold; indeed one of the main factors to affect the price of gold is US inflation. Since the 1970s, it has been one of the major determinants of the fluctuations of gold prices. But now emerging markets have grown to account for more than half of the global GDP. Due to this, the effect of US inflation on the price of gold per gram has reduced as compared to the past.

Over the long term, the value of gold remains stable. As high inflation rates still affect currencies, investors may be encouraged to buy gold when there is a decline in the value of currencies. So, nowadays inflation can indirectly affect the price of gold.

Global crisis

World events and global crisis can directly or indirectly affect the market price of gold. Actions taken by various countries can add up and can have an impact on the price of gold. For example, in 2014, when the Russians moved into the Ukraine, gold prices per gram increased sharply. The rise in the price was due to the disruption of geopolitical stability in an area.

gold prices per gram

Does US Dollar Value Affect Gold Prices per Gram?

US dollar indirectly affects the value of gold. The US dollar is the dominant world currency that is used by other countries for international trade. It is officially known to be the world’s reserve currency.

When the value of the dollar weakens, many investors begin shifting to buying gold for security. As a result, the value of gold strengthens. However, at times when the value of the dollar becomes high, investors would shift from buying gold to investing back into the dollar.

The value of dollar is inversely proportional to value of gold. When the price of the dollar increases, the gold price per gram tends to decrease and the value of gold strengthens as the price of dollar decreases.

Demand and supply of Gold

Demand and supply also affect the gold price per gram. There has always been high demand for gold, but its supply has been limited. Only around 2500 metric tons of gold per year is produced, which is only 1.5% of the world supply.

Total supply of entire world is estimated to be 165,000 tons. Regardless of the supply of gold, demand will always be high as gold is a precious metal and this makes the market price high.

gold price per kilo

Track Record of the Gold Price per Gram

For two centuries, price of gold per gram stayed at the same level. This was the early history of gold investment. It was 1717 when Isaac Newton who was the master of U.K. Mint set the value of gold per ounce at L3.17s.10d. (pounds/shillings/pence).

This price remained virtually unchanged for the next 200 years until 1914; except the period between 1797 to 1821 which corresponded to the Napoleonic wars.

  • Since 1792 to present, the price of gold per ounce has been changed only four times by the government of the United States.

  • The price of gold was $19.75 per troy ounce in 1792. It increased in 1834, from 19.75 to $20.67. In 1834, it increased again by almost 60% to $35 per ounce.

  • In 1972, prices increased to $38 and then again to $42.22 in 1973.

  • A two-tiered pricing system was imposed in 1968. Due to which there was a sharp increase in the price of gold. Ever since, the value of gold has been fluctuating.

  • The gold’s market price soared to $154 in 1974. The gold price remained in that range for almost three years.

  • The price amounted to $306 per ounce in 1979, which was increased almost 60% from the previous year. In 1979, the price was $193.4.

  • The price of gold rose 100% in 1980 from the previous year. In that year the average price was $615. It was the highest market price that had ever been recorded in history to that point.

  • Next there was a sharp decline in the price of gold to $460. Towards the end of the 20th century, the price range stayed stable at around that price.

  • From 1998 to 2001, prices declined and stayed stable for some time. The price range those years was from $270 to $290.

  • The demand for gold has been increasing, as a result, there is a continuous increase in the price of gold per gram.

What Next?

So, if you arrived at this page asking "what's the price of gold?" then hopefully we've answered that for you!

And now that you know the gold price per gram, you can go ahead and check out our reviews of the top 10 best gold companies or you can claim your FREE gold investing kit.

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