Gold price today in 18 currencies

One gold price, many local prices

Gold has a single international price, quoted in US dollars per troy ounce and known to traders as XAUUSD. Every local gold rate in the world starts from that number. A jeweller in Karachi, a bullion dealer in London and a bank in Jakarta all take the same dollar price, convert it into their own currency at the going exchange rate, and then add whatever their market adds on top. This page does the first two steps for eighteen currencies and stops there, so you can see the pure converted price before any local costs.

That makes it useful for two things. First, comparison: if a local rate is 3% above the figure here, you know the local costs amount to about 3%. Second, understanding what moved: when the price in your currency jumps, the table tells you whether gold itself rose in dollars or your currency fell against the dollar, because both show up here separately.

How the prices are calculated

1. International price. We take the latest price of COMEX gold futures, the most liquid gold contract in the world, in US dollars per troy ounce. Futures track spot XAUUSD closely, usually within a few dollars, but are not identical to it.
2. Exchange rate. We convert at a published mid-market rate for each currency, updated daily. The rate is shown in the table so you can check it or substitute your own.
3. Weight. One troy ounce is 31.1035 grams. The gram price is the ounce price divided by 31.1035; 10 grams, the tola (11.6638 grams, used in India and South Asia) and the kilogram follow from it.
4. Purity. The table shows 24k (pure) gold. For 22k multiply by 0.9167, for 21k by 0.875 and for 18k by 0.750. The country pages show each karat separately.

What the prices exclude

Everything a local market adds: import duty where gold is imported (India is the clearest case), sales tax, GST or VAT (India's 3% GST, the Gulf states' VAT, Japan's consumption tax, VAT on jewellery across Europe), dealer premiums on bars and coins, making charges on jewellery, and the local premium or discount that opens when physical demand runs ahead of or behind supply, as it often does in China and India. Where a country exempts investment gold from tax, as the UK, the EU, Singapore, Canada and Australia do for high-purity bars and coins, the local price of bullion sits closer to the figure here; jewellery is taxed almost everywhere.

How often the numbers update

The gold price and exchange rates are refreshed on the server several times a day, and each page re-checks the latest data when it loads in your browser, so the figures you see are usually minutes to a few hours old. COMEX gold trades almost 24 hours a day from Sunday evening to Friday evening New York time; outside those hours the price shown is the last close. Exchange rates update once a day. For a live chart, today's range and the levels traders are watching, use the XAUUSD price page; for the busiest hours in your time zone, the gold market hours tool.

Frequently asked questions