Gold Price in US Dollar (USD)

Understanding the Gold Spot Price in USD

The Gold spot price represents the current market rate at which Gold can be bought or sold for immediate delivery. It is expressed in US Dollar (USD) per troy ounce, per gram, and per kilogram. The price shown on this page is sourced from OANDA's live market feed, which draws on real trades from the global Over-the-Counter (OTC) precious metals market — the same data used by financial institutions worldwide.

Spot prices fluctuate continuously during trading hours based on supply and demand conditions in global commodity markets. Unlike cryptocurrency, precious metals markets observe regular trading hours tied to major financial centers including London, New York, Zurich, and Hong Kong. Outside of these hours, prices may gap when markets reopen.

Gold Price by Weight Unit

The price of Gold is almost always quoted in troy ounces (oz t), though grams and kilograms are also common depending on the context. A troy ounce is slightly heavier than a standard avoirdupois ounce — 1 troy oz equals approximately 31.1035 grams. Use the calculator widget at the top of this page to get the value of any weight in USD. The per-gram and per-kilogram prices alongside the troy ounce price allow for easy comparison regardless of your preferred unit.

What Drives Gold Prices?

Gold prices are influenced by a range of macroeconomic and geopolitical factors. Key drivers include: central bank monetary policy and interest rate decisions, inflation expectations, currency strength (particularly the US Dollar, since metals are priced globally in USD), physical demand from jewelry, electronics, and industrial uses, investor demand for safe-haven assets during periods of uncertainty, and mining supply constraints or disruptions.

Gold and silver are frequently used as hedges against inflation and currency debasement, which is why they often rise during periods of economic instability. Following the performance of Gold in USD is especially relevant for investors holding or evaluating physical bullion, ETFs, or mining equities denominated in USD.

Live Gold Price Chart

The interactive TradingView chart embedded on this page displays the historical Gold price in USD using OANDA's market data. You can use the chart to identify trends, view the price range over different time periods, and assess recent volatility. The default view shows daily candlestick data, giving you a clear picture of how the Gold price has evolved over time in USD terms. This is useful for understanding whether you're buying at a historically high, low, or mid-range price point.