Gold Price Today: Current Rate and Trends
View the current and historical gold rates in GBP, EUR and USD here
Current Gold Price
May 20 2024
$0.00/ kg
Previous Close
$0.00/ kg
Change
0.00%
$0.00/ kg
11:53:51
As a leading gold specialist, GoldRepublic provides you with the most up-to-date information on gold prices. View current rates, historical charts, and future expectations.
The price of gold is a significant indicator of economic developments. Whether you're considering buying gold or want to check how your existing gold portfolio is performing, we keep you informed of the latest trends and developments.
Historical Gold Prices and Current Trends
Want to know how gold prices have evolved in the past? Check out our detailed charts for the last 1, 5, and 10 years. This will give you insight into historical trends and help you better estimate future expectations.
Since the turn of the millennium, the price of gold has risen nearly every year. The negative returns in euros in 2003 and 2004 are explained by the significant appreciation of the euro against the dollar.
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How Much Does Gold Cost Per Gram?
Gold prices are usually expressed per gram. At GoldRepublic, you can find the current price per gram, so you can immediately see how much your purchase will cost. Whether you're considering buying gold or want to know the value of your existing gold stock, we're here 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 various factors:
- Demand and supply: If the 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 gold prices are typically expressed in dollars. When you buy gold, you automatically take a position in US dollars.
- Safe haven: Gold is often seen as a 'safe haven' in times of economic or political unrest. Some investors view gold as an alternative to the US dollar as a safe investment.
- Interest and inflation: The price of gold is also influenced by interest rates and inflation. High interest rates make gold less attractive because investors then prefer interest-earning investments. In contrast, inflation erodes the purchasing power of money and makes gold more attractive as a value-stable investment, leading to higher demand and price.
Possible Interesting Blog Topics:
- What is the 'spot price' of gold?
- Volatility of the gold price
- How much gold is in the gold market?
- Where does the gold demand come from?
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