Brent updates hourly during trading hours; gold and China fuel prices update once daily.
Gold is quoted internationally in US dollars per troy ounce. The gram figure is derived from that quote, so both move together.
The international spot price, often written as XAU/USD, is the price of one troy ounce of pure gold in US dollars. It is set by continuous trading across major dealing centres and is the reference used by bullion dealers, jewellers and financial institutions worldwide.
Precious metals use the troy ounce, which is about 31.1035 grams — slightly heavier than an ordinary ounce of 28.35 grams. To convert a gram price into a troy ounce price, multiply by 31.1035. Most retail jewellery is sold by the gram, so the gram figure is usually the more practical one for personal purchases.
The spot price refers to pure 24-carat gold. Lower-carat items contain less gold: 18-carat is 75% gold, 14-carat about 58.5%. To estimate the gold value of an item, multiply its weight by its fineness and then by the current price.
Gold responds to real interest rates, inflation expectations, the strength of the US dollar, central bank purchasing and demand for safe-haven assets during periods of uncertainty. Because it is quoted in dollars, it often moves inversely to the dollar.
Gold figures come from a public market data provider that publishes on a daily schedule. Intraday moves are not reflected between updates.
Retail prices include making charges, design costs, taxes and a dealer margin on top of the metal value. This page shows the raw metal reference price only.
Not necessarily. Dealers buy back below the spot price and may apply assay or handling fees. Treat the figure here as a benchmark for comparison.
The international quote is dollars per troy ounce, but jewellers sell by the gram. How the two relate, and how to value 18-carat gold.
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Brent crude and gold prices are sourced from public market data providers (OilPriceAPI, MetalpriceAPI). China retail fuel prices come from ShowAPI. Rates are collected on a daily schedule and cached on a global edge network.
The prices and rates shown here are reference figures for general information only. They are not exchange settlement prices and must not be used for trading, settlement, accounting or any investment decision. Figures may be delayed and may differ from those quoted by your bank, broker or local retailer.