Gold prices today are determined by the global spot market, with the London gold price (set by the LBMA) serving as the international benchmark. The gold price per gram and gold price per ounce you see above are derived from this real-time market data, updated every 30 minutes.

Pure gold (24K) is too soft for most jewelry, so it's mixed with other metals to create alloys. The karat system measures how much pure gold is in the alloy:

24K (99.9% / 999 gold): Pure gold, used for investment bullion and coins. This is the base for global gold price calculations.
18K (75.0% / 750 gold): Luxury jewelry standard, rich yellow color preferred in Europe and Asia.
14K (58.3% / 585 gold): Most popular in the US, perfect balance of durability and value.
10K (41.7% / 417 gold): Minimum karatage sold as "gold" in the US, most affordable and durable.

Gold Price Analysis: Market Benchmarks

Gold price analysis relies on several key market benchmarks that professional traders monitor:

COMEX Gold: The primary futures exchange for gold trading in the United States. COMEX gold contracts (GC) are the most liquid gold derivatives in the world.
LME Gold: The London Metal Exchange provides spot pricing and forward contracts for physical gold delivery.
London Gold Price (LBMA): The LBMA Gold Price is set twice daily (10:30 AM and 3:00 PM London time) and serves as the global benchmark for 999 gold price today.
Shanghai Gold Exchange: Asia's primary gold spot market, increasingly important for global gold price discovery.

The gold price per gram displayed on this page is calculated from the XAU/USD spot rate, which represents the price of one troy ounce of gold in US dollars.

Frequently Asked Questions About Gold Prices

What affects today's gold prices?

Gold prices today are influenced by: USD currency strength, global inflation expectations, central bank monetary policies, geopolitical tensions, and supply/demand from mining and jewelry industries. When the US dollar weakens, gold prices typically rise.

What is 999 gold?

999 gold refers to 24K pure gold with 99.9% gold content. The 999 gold price today is the same as the spot price of gold. Investment-grade gold bars and coins are typically marked ".999" or ".9999" to indicate their purity level.

What is the difference between gold price per gram and per ounce?

Gold is internationally traded in troy ounces (31.1035 grams), but consumers often compare gold price per gram for jewelry purchases. To convert: divide the per-ounce price by 31.1035 to get the gold price per gram. Our calculator does this automatically.

How is the global gold price determined?

The global gold price is set through a combination of London gold price benchmarks (LBMA), COMEX gold futures trading, and LME gold spot contracts. These markets operate 24 hours a day, with prices fluctuating based on real-time trading activity.

The prices shown above reflect the melt value — what refiners pay for the pure gold content. Jewelry and numismatic items may have additional collector value above melt.

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