Information about the Gold Price
Follow the gold price in real time and use price movements to your advantage for your investment.
The current Gold Price
Keeping an eye on the price of gold
The gold price is one of the most important indicators on the global financial markets. It represents the price of one troy ounce of gold and is tracked daily by millions of investors worldwide. Whether you want to use your investment as inflation protection, a long-term store of value, or to diversify your portfolio, the current gold price is an important basis for your investment decisions.
FAQ - Frequently asked questions about Gold Price
The gold price is the current market value of one troy ounce of gold (31.1 grams). It is traded in US Dollars on international exchanges and forms the basis for the valuation of gold bars, gold coins, and other precious metal products.
The price can change several times within a single day, depending on supply, demand, and market conditions. At philoro, prices are updated every 3 minutes and can therefore be viewed in real time.
The price of gold is influenced by various factors. These include developments in the global economy, inflation, crises, supply and demand, and exchange rate changes (especially USD/EUR).
You can track the gold price in real time on our chart overview. This is possible in both Euros and US Dollars. Our charts also offer historical data and time comparisons for gold, silver, platinum, and palladium.
The international reference price is quoted in US Dollars per troy ounce. On our website, you can also view the gold price in Euros (EUR) – adjusted to the current exchange rate.
Our price overview provides you with a quick insight into the current gold price in real time and allows you to flexibly compare it with other precious metals such as silver, platinum, and palladium. You can also switch between Euros (EUR) and US Dollars (USD) and select specific time periods.
A variety of different factors influence the price of gold. The following aspects play a major role:
Supply and demand: The price of gold is directly influenced by the economic situation, inventories, and demand from industry, the jewelry sector, the capital market and institutional buyers, such as national or central banks.
Inflation and interest rates: When inflation rates are high and interest rates are low, gold often becomes more attractive, leading to an increase in the price of gold.
Global economy and crises: Political uncertainties, geopolitical tensions, and economic crises influence the development of the gold price, as gold is considered a safe haven and has proven itself over thousands of years.
Currency development: Since gold is mainly traded in US Dollars, the exchange rate between the Euro and the Dollar has a significant impact on the price of gold for investors in Europe. If the Euro weakens, it means that you have to pay more in Euros for the same amount of gold. This also means that a strong Euro can lead to a lower price of gold.
A historical review reveals the remarkable development of the price of gold over thousands of years. Gold has thus established itself as a stable long-term investment. Particularly during financial crises, pandemics, or geopolitical conflicts, there has been a noticeable increase in the price of gold.
The gold price is not just a number, but reflects the development of markets, currencies, and economic stability. With our chart overview, you can keep an eye on all precious metal prices at all times and easily compare different time periods.