Gold price as of November 15, 2024
The price of gold is an essential indicator for investors and lovers of precious metals. On this Friday, November 15, 2024, the value of gold is set at 2,427.67 EUR for one ounce, while in dollars, the price is 2,564.18 USD. This price fluctuation is due to various economic factors, including interest rates, inflation and market volatility.
Value of gold in grams and kilograms
The value of gold is not limited to its price per ounce. For investors who want to buy smaller quantities, the price of one gram of gold is 78.06 EUR in euros and 82.45 USD in dollars. If you are considering purchasing a 1 kilogram bar of gold, it is important to note that 1 kilogram is equal to 32.15 ounces. Based on the current price per ounce, the cost of a kilogram of gold is therefore approximately 77,769.89 EUR and 82,710.54 USD, making it a significant but potentially lucrative investment.
Analysis of gold market trends
The gold market is often seen as a safe haven during times of economic uncertainty. Changes in the price of gold can be used to analyze financial market trends and investor sentiments. Due to its safe-haven status, the price of gold tends to rise when stock markets are volatile or when geopolitical tensions emerge. This makes it an asset of choice for diversifying an investment portfolio.
| Type of measurement | Price in EUR | Price in USD |
|---|---|---|
| 1 once | 2 427,67 EUR | 2 564,18 USD |
| 1 gramme | 78,06 EUR | 82,45 USD |
| 10 grammes | 780,60 EUR | 824,50 USD |
| 1 kilogram | 77 769,89 EUR | 82 710,54 USD |
