Gold Ounce Price Today (Global Market)
Quick answer
The gold ounce price (31.1 grams of pure gold) in dollars is updated every minute on this page. The gold ounce is the world’s key gold benchmark and its rate directly affects the price of gram gold and coins in Iran.
The troy ounce is the global standard for pricing gold; each ounce is 31.1 grams of pure gold, traded in dollars on world markets. All of Iran’s domestic gold prices are calculated from this very number.
Gold is the safe haven of global crises; wars, inflation, Federal Reserve rate decisions and central bank demand set its direction. A rise in the ounce transfers to Iranian gram gold almost instantly.
On this page you can see the live gold ounce price in dollars and its percentage change. For deeper analysis, the 18K gold page and Narkhgah’s gold calculator are at your service.
What determines this price?
US interest rates and the dollar index
The Fed’s rate sets the cost of holding gold; higher rates usually pressure the ounce lower while lower rates support it. The dollar index also moves inversely with gold.
Global crisis and risk
War, geopolitical tension and financial instability boost safe-haven demand for gold and push the ounce up.
Central bank demand
Billion-dollar purchases by central banks (China, India, Turkey and others) have been the main engine of the ounce’s long-term growth in recent years.
Global inflation
Gold is the classic inflation hedge; higher inflation in major economies increases gold demand.
Frequently Asked Questions
What is the gold ounce price today in dollars?
How does the gold ounce transfer into Iran’s gold price?
What is the difference between an ounce and a mesghal?
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