Gold Price Today: Current Rate and Trends
View the current and historical gold rates in GBP, EUR and USD here
Current Gold Price
November 21 2024
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Previous Close
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Change
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13:03:40
Real-Time Gold Prices and Market Insights
As a leading gold specialist, GoldRepublic offers you the most up-to-date information on the price of gold. View the current share price, historical charts and future expectations. The gold price is an important indicator of economic trends. Whether you are considering buying gold or want to know how your existing gold portfolio is performing, we will keep you updated on the latest trends and developments.
Historical gold prices and current developments
Want to know how the gold price has evolved in the past? Check out our comprehensive charts from the past 1, 5 and 10 years. This will help you understand historical trends and better assess your expectations for the future.
The price of gold has risen almost every year since the turn of the millennium. The negative return in euros in 2003 and 2004 is explained by the huge appreciation of the euro against the dollar.
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How Much Does Gold Cost Per Gram?
The price of gold is usually displayed per gram. At GoldRepublic you will find the current gold price per gram, so you can instantly see how much your purchase will cost. Whether you are considering buying gold or want to know what your existing gold stock is worth, we will be happy to inform you.
<p>1 kg of gold is currently valued at around €66,000 (March '24). Its size, however, is fairly small and not much bigger than a mobile phone. Gold has a very high density which makes it compact in size.</p> <p>This would be approximately $72,000 USD and £57,000 GBP.</p>
What Factors Influence the Price of Gold?
The price of gold is influenced by several factors:
- Supply and demand: If demand for gold exceeds supply, the price of gold will rise. Historically, there has often been more demand than supply for gold.
- Exchange rates: Fluctuations between the US dollar and the euro can also affect the valuation of gold, as the price of gold is usually expressed in dollars. When you buy gold, this automatically gives you a position in US dollars.
- Safe haven: Gold is often seen as a 'safe haven' in times of economic or political turmoil. Some investors see gold as an alternative to the US dollar as a safe investment.
- Interest and inflation: The gold price is also affected by interest rates and inflation. High interest rates make gold less attractive, as investors then prefer interest-earning investments. Inflation, on the other hand, erodes the purchasing power of money and makes gold more attractive as a value investment, leading to higher demand and prices.
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