Gold is one of the most sought-after assets and its price is often used as an important economic indicator.
The price of gold can be influenced by various factors such as global demand, currency fluctuations, interest rates and geopolitical tensions.
Gold is therefore considered a safe haven in times of economic uncertainty; in this case we speak of the gold standard.
Price evolution between May 28 and 29, 2024
Comparing gold prices between May 28 and 29, 2024, we see:
- The drop in the price of gold in Euro per ounce which went from 2164.24 to 2161.97
- The decrease in the price of gold in Dollars per ounce which went from 2350.65 to 2343.35
- The rise in the price of gold in Pound Sterling per ounce from 1839.85 to 1840.00
(1 ounce of gold ≃ 31 grams)
Gold price per ounce
As of May 29, 2024, the gold price per ounce was as follows in three major currencies: the Euro (EUR), the US Dollar (USD) and the British Pound (GBP):
| Currency | Price |
| EUR | 2161.97 |
| USD | 2343.35 |
| GBP | 1840.00 |
Gold price per gram
Gold price per gram is also an essential indicator for investors and gold market enthusiasts. Here are the prices of a gram of gold as of May 29, 2024 in the same currencies:
| Currency | Price |
| EUR | 69.51 |
| USD | 75.34 |
| GBP | 59.16 |
