Home & Gifts Q&A

How Much Is Gold Worth Per Ounce?

by @ 5:21 am on November 11, 2020. Filed under Troy Ounce


The Government of the United States has changed the price of gold per ounce only four times since 1792 to the present. In 1792, the price of gold was $19.75 per troy ounce. It rose to $20.67 in 1834.

How much is gold worth, really?

Gold, in U.S. dollars, is worth somewhere between $1000.00 and $2000.00 per ounce.  Furthermore, and to be more specific, the current price of $1240.00 per ounce is a reasonably accurate reflection of gold’s current worth.

Are gold coins worth buying?

You pay a “premium” over the price per ounce when you buy gold coins, which is how the dealer makes a profit. You may pay a higher premium if you buy gold coins less than one ounce each. You should generally buy bullion coins, such as the American Gold Eagle, Canadian Gold Maple Leaf, or South African Krugerrand.


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