Gold prices
The current Gold price
You can find the current daily gold price, as traded on the world market, here. In addition to today's gold price, you can also view the historical gold price here in the chart. The gold price per gram in Euros is displayed.
How the price of gold comes about
The price of gold is one of many fictional values traded on various stock exchanges around the world. The price of precious metals, including gold, is listed there, as is the price of shares or oil. Several factors ultimately determine the price of gold. The principle of supply and demand determines the price here. If demand increases, the value rises. The gold price is called counter-cyclical, meaning that when the economy is doing badly, gold is doing well.
Interesting Facts
There are many interesting facts to report about the price of gold and its development: Looking at the price of gold from 13 years ago, it was around 10 Euros per gram. At the beginning of 2013, it was 40 Euros per gram. This is a quadrupling of the price of gold! Many historical sources report that gold has been considered a safe and precious medium of exchange for millennia. The amount of bread an ancient Roman could buy for one gram of gold was still the same as the amount of bread used for one gram of gold in the Middle Ages. In this sense, the price of gold is indeed considered constant. Exceptions include times of crisis, such as in 2009, when the price of gold rose enormously.
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