1 kg gold price in US-Dollars
Check out the latest gold price per 1kg in USD. The price is updated every few minutes to reflect the current market price of gold.
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Performance of the price of 1kg of gold in USD in the past 24 hours
Last update: Jul 6, 2024, 3:04 PM
| 1 h | 6 hours | 12 hours | 16 hours | 20 hours | 1 day |
|---|---|---|---|---|---|
+0% | +0% | +0% | +0% | +0.13% | +0.75% |
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Gold price today by weight in USD
Find the latest gold price in USD for the most important weights ranging from one ton to one gram
Last update: Jul 6, 2024, 3:05 PM
| Weight | Current Price | Day Min | Day Max | Day Average | Daily Performance |
|---|---|---|---|---|---|
10 Grams | 768.5 | 762.4 | 769.2 | 768 | +0.69% |
100 Grams | 7685 | 7624 | 7692 | 7680 | +0.69% |
Kilo | 76848.91 | 76237.4 | 76924.78 | 76799.18 | +0.69% |
2390.27 | 2371.25 | 2392.63 | 2388.72 | +0.69% |
Historical performance of the 1kg gold price in USD
View this table to observe the historical performance of the 1kg gold price in USD. Over a long period of time, the price of gold in USD has risen in value, exceeding inflation.
Last update: Jul 6, 2024, 3:04 PM
| 1 day | 1 week | 1 month | 6 months | 1 year | 5 years | 10 years | 20 years | 50 years |
|---|---|---|---|---|---|---|---|---|
+0.75% | +2.82% | +1.42% | +16.94% | +24.77% | +71.96% | +80.3% | +505.9% | +1554.17% |
1 kg USD gold price today by carats and currencies
See the daily minimum price in USD of 1 kg gold by carats as well as in other currencies such as Euros, GBP, or Swiss Francs. Compare their current price with their daily maximum, minimum, and average price.
Last update: Jul 6, 2024, 3:05 PM
| Currencies | Current Price | Day Min | Day Max | Day Average | Daily Performance |
|---|---|---|---|---|---|
EUR | 70897.49 | 70445.45 | 70985.9 | 70872.18 | +0.56% |
68837.27 | 68470.11 | 68915.72 | 68824.25 | +0.43% | |
USD | 76848.91 | 76237.4 | 76924.78 | 76799.18 | +0.69% |
59971.06 | 59565 | 60030.22 | 59944.91 | +0.58% | |
AUD | 113712.28 | 113105.77 | 113841.87 | 113690.78 | +0.43% |
CAD | 104253.36 | 103697.29 | 104372.16 | 104233.64 | +0.43% |
CNY | 556463.96 | 553495.92 | 557098.12 | 556358.73 | +0.43% |
INR | 6393341.22 | 6359240.69 | 6400627.15 | 6392132.18 | +0.43% |
JPY | 12314301.14 | 12248619.65 | 12328334.66 | 12311972.38 | +0.43% |
Why is it worth measuring the 1 kg gold price in USD?
Firstly, gold is mainly denominated in US-dollars, so when you measure the 1 kg gold price in USD, it's easier to monitor how the value of this precious metal is directly impacted by different geopolitical and economic factors. Measuring per kilogram may also be more appropriate if you're planning on investing in large quantities of gold or already have a substantial gold portfolio.
But why measure the 1 kg gold price in USD if the US uses the imperial system?
Although the US is one of the few countries in the world that still measures the gold price per ounce, measuring the gold price in kg in USD may be more helpful if you live in a country that uses the metric system.
- Most non-US media outlets quote the gold price using the metric system, rather than the imperial system.
- Measuring the gold price per kg in USD could also make it easier to compare this precious metal's price with other commodities such as silver, platinum and palladium.
- The "ounce" most often used to measure gold is actually a "troy ounce" which is different from a US-ounce. The troy ounce weighs roughly 31.1 grams. So even if you are using the imperial system, using "ounces" to measure gold can still prove tricky as you will have to do the math to convert from troy ounce to regular ounce. This is also why it can be simpler to look at the price of gold in kilo (or gram) instead.
What affects the price of gold per 1 kg in USD?
The price of gold is impacted by supply and demand, as well as economic and geopolitical events such as central bank decisions, GDP data, political instability and supply shortages.
Why investors flock to gold during economic volatility
Many investors consider gold to be a safe haven which maintains its value over time. When inflation rises and/or the value of stocks and shares fall, the gold price in USD often goes up as more investors transfer some of their wealth to gold. Because gold has intrinsic value and cannot be printed like money, it has a limited supply. This means there is high demand for this precious metal, which is why its price tends to rise over time as more people buy gold as an inflation hedge.
Monitoring the price of gold per 1kg in USD compared to other measurements
Measuring the gold price per 1kg in USD can be helpful for comparing the performance of gold with other commodities, such as silver, palladium or platinum. If you are planning to buy 1kg gold bars, you may find it easier to measure the performance of your investments per 1kg in USD rather than a smaller unit of measurement.
However, other investors may prefer to measure the USD gold price in smaller amounts, such as per ounce or per gram This can make it easier to track the value of smaller investments, such as our 1g gold bars or 1 ounce gold bars.
Why buy gold in 1kg bars in USD
Our 1kg gold bars are perfect for gold collectors or investors looking to build a larger gold portfolio as a long-term investment. Investing in larger gold bars can also help you diversify your portfolio, which could help you achieve better investment returns over time.
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Frequently asked questions
Read the most frequently asked questions from savers and investors on GOLD AVENUE and on how to buy gold, silver, and precious metals.
How is the 1kg gold price in USD determined?
The London Bullion Market Association (LBMA) sets the gold pricing benchmark, conducting auctions twice a daily to determine gold prices.
Why does the gold price in USD change quickly?
The gold price in USD is sensitive to various macroeconomic and geopolitical events, as well as the gold supply. That’s why it’s important to keep track of these events before buying or selling gold.
Who buys gold?
The main buyers of physical gold are central banks, jewellery manufacturers, and private investors looking to diversify their portfolios.
Where can you purchase gold?
You can buy physical gold from online merchants, jewellery stores, mints or commodities exchanges. GOLD AVENUE offers a wide range of pure gold bars and coins, at the current market rate.
