Current Gold Price per Gram
International Market: As of March 19, 2025, the gold spot price was $3,057.14 per ounce. Since 1 ounce is equal to 31.1 grams, the gold price per gram was approximately $98.29. This price is the benchmark for wholesale transactions and is used by gold refiners, miners, financial institutions, and gold dealers. It represents the live gold price in real time and is constantly changing due to various factors.
Domestic Markets: In the Chinese market, on March 20, 2025, the gold T+D price was 709.41 yuan per gram, with a daily increase of 4.30 yuan. The prices of gold in major domestic gold stores also vary. For example, the gold price of Chow Tai Fook is 916 yuan per gram, and that of Lao Feng Xiang is 913 yuan per gram. In the US, the price of gold coins and bars sold by Monex is also based on the spot price, with some premiums added. For example, the price of a 1 – ounce gold bullion bar is $2,950.00, which is higher than the spot price per ounce.
Factors Affecting the Price of Gold per Gram
Global Economic Conditions: Economic conditions have a significant impact on the price of gold. During periods of economic slowdown or recession, investors tend to flock to safe – haven assets like gold, driving up its price. In contrast, during periods of economic prosperity, investors’ preference for risk – assets increases, which may lead to a decrease in the demand for gold and a subsequent decline in its price. For example, during the 2008 global financial crisis, the price of gold soared as investors sought to protect their wealth.
Geopolitical Tensions: Geopolitical instability can also have a significant impact on the price of gold. Conflicts, wars, and political unrest can trigger panic in the market, prompting investors to buy gold for hedging purposes, thereby driving up its price. For example, the ongoing conflicts in the Middle East and Eastern Europe have, to some extent, supported the price of gold.
Monetary Policy: The monetary policies of central banks play a crucial role in determining the price of gold. When central banks implement loose monetary policies, such as lowering interest rates or increasing the money supply, the expected depreciation of the currency intensifies, and the hedging function of gold becomes more prominent, leading to an increase in its price. Conversely, tight monetary policies may suppress the price of gold. For example, when the US Federal Reserve raises interest rates, the US dollar strengthens, and the price of gold denominated in US dollars tends to fall.
Supply and Demand: The basic economic principle of supply and demand also affects the price of gold. The supply of gold comes from mining, recycling, and central bank sales. The demand for gold comes from various aspects, including jewelry manufacturing, industrial applications, and investment. If the supply of gold exceeds the demand, the price will fall, and vice versa. For example, a significant discovery of a new gold mine can increase the supply of gold and put downward pressure on its price.
How to Track the Value of Gold per Gram
Financial News Websites: Many financial news websites provide real-time gold price information, such as Kitco, Monex and Goldprice.org. These websites offer gold price charts and tables, showing the price of gold per gram, per ounce and per kilogram. They also provide historical price data, which can help investors analyze the trend of gold prices.
Commodity Exchanges: Commodity exchanges, such as the Shanghai Gold Exchange and the New York Mercantile Exchange (NYMEX), are important platforms for gold trading. The gold prices quoted on these exchanges are widely recognized and can be used as a reference for tracking the value of gold per gram.
Gold Dealers and Banks: Gold dealers and banks also provide gold price information. They usually quote the price of gold based on the spot price, plus a certain premium. Investors can consult these institutions to understand the current price of gold per gram and the buying and selling prices of different gold products.
Historical Trends of Gold Prices
The 20th Century: In the early 20th century, the gold standard dominated the global economy, and the price of gold was relatively stable. However, during the two World Wars, the economic turmoil and the impact on the monetary system led to the gradual collapse of the gold standard, and the price of gold began to fluctuate greatly. In 1944, the Bretton Woods system was established, and the price of gold was fixed at $35 per ounce. This price remained until 1970. After the 1970s, the Bretton Woods system collapsed, the US dollar was decoupled from gold, and the price of gold soared.
The 21st Century: In the 21st century, the price of gold is still affected by many factors. In 2011, the price of gold reached a historical high of $1,924 per ounce. In recent years, the price of gold has fluctuated around $2,000 per ounce. As of March 2025, the price of gold has shown an upward trend, reaching around $3,000 per ounce.
