How much is a troy ounce of gold worth?

With a current price of $2,399 per troy ounce, this means that all the gold in the world is worth $15.5 trillion. In the year 2022, the world mined about 3,300 metric tons of gold, adding about 1.6% to the world supply. At current prices, this gold would be worth $255 billion. What is the value of 1 troy pound of gold in dollars, euros, and pounds?

How much does gold cost per ounce?

In January of 2019, that investor may have been able to purchase gold for approximately $1300/ounce, meaning that by September of 2020, those five ounces becoming eight ounces would put his average cost per ounce of gold at $812.50.

Where can I find the current gold price?

The current gold price can be readily found in newspapers and online. Although prices per ounce in dollars are typically used, you can also easily access the gold price in alternative currencies and alternative weights. Smaller investors, for example, may be more interested in the price of gold per gram than ounces or kilos.