Price of Gold per Ounce Today

If you are interested in gold prices the chart below displays the gold price per ounce today, listed in US dollars. To see the current gold price simply find the most recent time on the x (horizontal axis), follow it up directly until it meets the graph line and then read across on the y axis (vertical)

If you are a gold trader or are just interested in gold prices, then it is sometimes useful to have a graph of the gold price per ounce. Gold is a highly traded metal, as it is has been popular as an investment for a long period in history. It has been used for millennia in jewellery and coinage, as ancient people valued it for its scarcity and its wonderful aesthetic appearance. 
 
As well as being used in jewellery and coinage, gold has often been used as a very stable investment. Indeed most of the economic powers after the First World War used a gold standard to promote financial stability. This worked by central banks only being allowed to print money that they had covered by gold reserves. This stopped central banks from printing large quantities of money and from releasing excessive liquidity. Although the flaws in this system were exposed by the Wall Street Crash and Great Depression, gold is still a very popular investment. 
 
Gold is often used as a hedge against inflation, as its scarcity is deemed to make it likely to hold its value. Whether this is the case or not, gold is undoubtedly one of the most highly traded commodities. There are many ways of gaining exposure to gold, the most obvious being to physically hold it. The options for holding gold vary- you can hold it in bullion form, as an ingot or gold bar. The popularity of this is limited, especially for the average investor as you would have to spend a lot of money to keep it safe, and the cost of a standard 400 ounce bar would be a bit more than most investors could stomach! However, smaller bars can be bought and sold. Another way that investors hold gold is through purchasing gold coins. This is quite a popular method, especially for a private investor, as you don't need a massive amount of money to invest. There is a difference between bullion coins and collectable gold coins- bullion coin prices are largely determined by gold content and the current gold price per ounce, whereas the value of collectible coins tends to vary according to other factors such as demand, condition, age and rarity. One of the most popular bullion coins is the South African krugerrand.
 
As well as physically owning some gold, there are  various other ways to get exposure to the price of gold, including buying shares in gold mining companies. However if you were interested in finding out what the gold price per ounce today is, then have a look at the chart above.