The price of gold per gram is currently at a market high due to the significant levels of demand and global geopolitical turbulence. Gold prices have already increased by around 25% this year and in fact it is estimated that they may top $2000 an ounce by the end of the year, which equates to approximately $70 per gram. This research was based on the average of sixteen respondents in a Bloomberg survey at the London Bullion Market Association’s annual conference in Montreal.
Today’s Price of Gold per Gram
1 gram = 0.0352739619 troy ounces
1 troy ounce = 31.1034768 grams
Gold has always benefitted from a significant level of demand, but while traditionally this has been due to its perceived intrinsic beauty, the demand is now surging as it is increasingly considered a means of avoiding the volatility of the global currency market.
It is forecasted that this will continue for the foreseeable future, as political uncertainty drives flocks of nervous investors to what they perceive to be the least risky option. European debt concerns have been one of the primary causes of this continued mentality, and troubles in the Middle East have only served to magnify the situation as investors seek out a safe haven in troubled times.
The net result is that the price of gold continues to surge, making it extremely attractive for those looking to sell, and as long as global circumstances continue to hold gold prices per gram at such levels, the sellers market generally is expected to remain vibrant.