Gold price in the world countries

Country	Currency	Currency rate $1.00=X	Gram rate	Ounce rate
United States	United States dollar	$1.00	$61.53	$1,913.75
Canada	Canadian dollar	CA$1.34	CA$82.68	CA$2,571.76
United Kingdom	British pound	£0.79	£48.44	£1,506.78
Europe	Euro	€0.91	€56.14	€1,746.05
Russia	Russian ruble	RUB 99.25	RUB 6,106.72	RUB 189,940.18
Saudi Arabia	Saudi riyal	SAR 3.75	SAR 230.86	SAR 7,180.47
United Arab Emirates	United Arab Emirates dirham	AED 3.67	AED 226.00	AED 7,029.30
India	Indian rupee	₹82.89	₹5,099.95	₹158,626.08
Indonesia	Indonesian rupiah	IDR 15,303.52	IDR 941,605.23	IDR 29,287,196.53
South Korea	Won	₩1,330	₩81,816	₩2,544,758
China	Chinese yuan	CN¥7.24	CN¥445.36	CN¥13,852.14
Brazil	Brazilian real	R$4.89	R$301.16	R$9,367.06
Turkey	Turkish lira	TRY 27.05	TRY 1,664.23	TRY 51,763.28
Kuwait	Kuwaiti dinar	KWD 0.308	KWD 18.927	KWD 588.709
Iran	Iranian rial	IRR 42,313	IRR 2,603,431	IRR 80,975,757
Algeria	Algerian dinar	DZD 135.94	DZD 8,364.20	DZD 260,155.83
Australia	Australian dollar	A$1.54	A$94.71	A$2,945.84
Bahrain	Bahraini dinar	BHD 0.377	BHD 23.193	BHD 721.371
Egypt	Egyptian pound	EGP 30.89	EGP 1,900.69	EGP 59,118.00
Ghana	Ghanaian cedi	GHS 11.17	GHS 687.51	GHS 21,383.86
Iraq	Iraqi dinar	IQD 1,310	IQD 80,589	IQD 2,506,586
Jordan	Jordanian dinar	JOD 0.708	JOD 43.550	JOD 1,354.556
Lebanon	Lebanese pound	LBP 15,009	LBP 923,503	LBP 28,724,166
Libya	Libyan dinar	LYD 4.796	LYD 295.064	LYD 9,177.527
Mexico	Mexican peso	MX$16.99	MX$1,045.09	MX$32,505.78
Morocco	Moroccan dirham	MAD 9.77	MAD 601.21	MAD 18,699.78
Oman	Omani rial	OMR 0.385	OMR 23.689	OMR 736.796
Pakistan	Pakistani rupee	PKR 288.37	PKR 17,743.25	PKR 551,876.65
Qatar	Qatari riyal	QAR 3.64	QAR 224.03	QAR 6,967.98
Singapore	Singapore dollar	SGD 1.35	SGD 83.19	SGD 2,587.49
South Africa	South African rand	ZAR 18.91	ZAR 1,163.55	ZAR 36,190.35
Uzbekistan	Uzbekistani soʻm	UZS 12,075.32	UZS 742,977.97	UZS 23,109,197.97
Yemen	Yemeni rial	YER 250	YER 15,404	YER 479,109

Gold Price in US Dollars

7 Aug 2023

Gold Spot Price	Gold Price Today	Change
Gold price per kilo	62,253.49	-202.55
Gold price in pennyweight	96.81	-0.31
Gold price in tola	726.11	-2.36
Gold price in tael (HK)	2,353.14	-7.66

How to Invest in Gold

Many investors consider gold to be the ultimate safe-haven asset. When the prices of stocks, bonds and real estate drop sharply, gold may hold its value—and can even appreciate as nervous investors rush in to buy.

Owning gold is also a way to add diversification to your investment portfolio. When you hold a diversified mix of different assets, including gold, varying returns can protect the value of your investments.

There are many ways to invest in gold. Each has its own pros and cons.

• Gold bars. More commonly known as bullion, gold bars are a popular choice for buying gold. Bullion is typically sold by gram or ounce. Purity, manufacturer and weight should be stamped on the face of the bar.
• Gold coins. The American Gold Eagle and the Canadian Maple Leaf are popular collectibles that command a premium over what you would for the same amount of gold in the form of bullion.
• Gold jewelry. Like gold coins, you’ll probably be paying extra for gold when you buy it in the form of jewelry—a premium that could be anywhere from 20% to 300%, depending on the manufacturer.
• Gold stocks. Buying the stocks of gold mining or processing companies is another way to invest in the yellow metal. You don’t get to own physical gold, but you do get exposure to the rise and fall of the price of gold in the market.
• Gold futures contracts. Futures are derivative contracts where a buyer agrees to purchase a set quantity of gold at a predetermined price on a future date. Gold futures let sophisticated investors speculate on prices and hedge their wider portfolios, providing exposure without the hassle of handling physical metal.
• Gold funds. There are a range of different mutual funds and exchange-traded funds (ETFs) that provide exposure to gold. They may invest in gold stocks, or they may trade gold derivatives in the options and futures markets.

Should You Invest in Gold?

You should invest in gold if you’re looking to hedge against risk or diversify your portfolio. Gold is not your first choice to earn long-term appreciation.

Over the past five years, the price of gold has appreciated approximately 36% while the total return of the S&P 500 has been 60%.

Gold prices can be extremely volatile, and that means that gold isn’t an entirely stable investment. In fact, you can easily craft a well-diversified investment portfolio entirely without gold.