Current Price of Gold Today (Malaysia Ringgit)

Gold Prices per Ounce, Gram, and Kilogram

Gold Price NowChange
Gold Price per Ounce RM7,673.15 -3.63
Gold Price per Gram RM246.70 -0.12
Gold Price per Kilo RM246,691.69 -116.69
As of Jul 14, 2020 03:40 ET
Gold is by -0.05%
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The latest price of gold per ounce, gram, and kilogram using real-time interactive gold price charts. View the price of gold for different currencies around the world and various time periods. Historical gold prices are provided for context and to help inform investment decisions.

Gold Price Performance per

TimeframeRateChange%
1 Week 7,560.52 +112.62 +1.49%
2 Weeks 7,359.71 +313.44 +4.26%
30 Days 7,387.01 +286.13 +3.87%
6 Months 6,328.78 +1,344.37 +21.24%
1 Year 5,805.50 +1,867.65 +32.17%
5 Years 4,362.81 +3,310.33 +75.88%
10 Years 3,823.62 +3,849.53 +100.68%
Free Gold Investing Guide

Gold Price Charts

By hovering your mouse within the graph of the gold prices chart you can also view the price of gold for specific days.


Gold Price FAQ

What impacts the current price of gold per ounce?

  • Strength of US dollar
  • Industrial and commercial demand
  • Gold supply
  • Fed actions / monetary policy
  • Geo-political events
  • US interest rates
  • Inflation expectations
  • Investment demand

For a detailed explanation, read What Affects The Price of Gold.

How does the price of gold perform during recessions?

Gold prices typically increase during economic recessions. One way to analyze gold prices during a recession is by comparing its performance with the S&P 500. Below are the dates of the largest declines of the S&P 500 and the performance of gold prices during the same period. This data shows that gold increased significantly in 75% of these recessions.

price of gold perform during recessions

Is the price of gold different in other countries?

The current price of gold is the same, all things considered, in other countries. The US gold price is converted to the currency in that country based on the current exchange rate. In other words, no matter where in the world you purchase gold, the actual value of that gold in US dollars is the same. The below chart shows the annual gold price performance versus various fiat currencies.

price of gold different in other countries

How many grams are in an ounce of gold?

There are 31.1034807 grams in one troy ounce of gold. A troy ounce is a larger system of measurement for precious metals known as Troy weights. A regular ounce of gold is equal to 28.35 grams.

How does the current gold price compare to historical gold prices?

The price of gold has increased approximately 4,750% since 1935 when President Franklin D. Roosevelt raised the value of gold to $35 per ounce. This is compared to today’s gold prices (June 2020) that are hovering around $1,700.

If you compare the goldprice today (June 2020) with the prices at the beginning of this millennium (January 2000), the price of gold has increased approximately 496%. This is 3x the increase of the Dow Index during this period.

Is the price of gold too volatile for the average investor?

Gold is no more volatile than the stock market. Gold prices can have sudden ups and down just like other commodities but it is also known to go through long periods of time with relatively quiet price activity. Overall, gold is viewed by many financial experts as a long-term store of value which is why so many recommend having gold as part of your investment portfolio.

Is it true the price of gold goes up when the stock market goes down?

The price of gold is negatively correlated to the stock market most of the time. When the markets go down gold prices often go up. That being said, there are times when the price of gold and the stock market both go up or down in unison. Overall, however, time has shown that gold prices are not tied to the movements of stocks and bonds and it is for this reason the gold should be an important consideration to protect the long-term value of your investment portfolio.

Do current gold prices vary by country?

The price for an ounce or gram of gold remains mostly the same regardless of which country you are in. The price is determined by converting the current spot gold price for an ounce or gram of gold into the country's currency. For example, the current spot gold price for 1 gram of gold would be converted into Indian Rupees according to the current exchange rate.

How is the current price of gold per ounce determined?

There are many factors that contribute to the current price of gold. Chief among these factors is the strength of the US dollar. Traditionally gold has an inverse relationship to the value of the dollar. In other words, when the value the US dollar is strong, gold prices go down. Related, the strength of major economies also has an inverse relationship to the price of gold - at least when an economy has a significant downturn. All of this is due to the “safe haven” status gold has traditionally had in the investment world. Gold prices are historically far more stable over the course of time than economies and other classes of investments.

Supply and demand, of course, also play a key role in the price of gold per gram or ounce. There is only so much gold to be mined and gold mining is not cheap. When gold demand outstrips gold supply, the price of gold goes up. The chief areas of gold demand are in gold jewelry. In 2017, 46% of demand for gold was for jewelry. There is also the use of gold in industry for such things as electronics and medical devices.

How much is an ounce of gold?

The price of gold per ounce is perhaps the most common way investors monitor the gold market. The image below shows a 1 ounce gold nugget and a 1 ounce gold coin - in this case a gold eagle coin. The Gold Price Now chart at the top of the page shows the current value of gold in US dollars. You can also get the price of gold in other world currencies by selecting a different currency from the drop down menu below the chart.

1 oz gold nugget and 1 oz gold eagle coin

What is the gold/silver ratio?

The gold/silver ratio is the relationship between gold and silver prices. Investors often consider the historical gold/silver ratios to analyze how they are priced relative to one another.

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What Affects the Price of Gold?

what affects the price of gold

Gold has been a part of the human story since the dawn of civilization. One part store of wealth, one part ornament, and one part modern technology, gold stands at the crossroads of multiple financial, religious, and industrial trends.

What actually drives gold prices? Is it fear of currency devaluation or stock market crashes? Is it war? Or is it jewelry and electronics fabrication?

The answer is many-fold. In this article, we will highlight the complex and inter-related drivers for gold prices worldwide so that investors may have a fuller understanding of the totality of the precious metals market.

Gold Supply and Demand

Fundamentally, the answer to what affects the price of gold is the same as for every other market: supply and demand.

Yet the supply and demand balance for gold, a market which dates back to the dawn of record-keeping itself, is itself largely driven by factors which are deeply ingrained in the human psyche.

Two extreme emotions – greed and fear – comprise the spectrum through which the majority of participants in the gold market make their buy and sell decisions.

In this article we will examine the many ways in which greed and fear play out, over and over again, in the most ancient of financial markets which is yet seeing new life today.

Gold Supply

Before we examine the actual numbers, let us consider one important preliminary supply factor for gold: this is the only element in which all of the supply ever mined in the history of the world still exists above ground. Gold never rusts, tarnishes, corrodes, or burns. Except for small amounts which may have been lost in shipwrecks at the bottom of the ocean or disposed of in landfills, all of the gold that has ever been brought to surface of the planet still exists in one form or another (and arguably, those two sub-components are retrievable as well).

Gold is unique in this way: neither oil, copper, silver, nor fiat currencies share this indestructible property – all of these items are permanently consumed or degraded in some way throughout time.

Thus, all of the gold mined in humanity’s history still exists. Indeed, it is estimated that 187,000 metric tonnes of gold have been mined in the history of our species. As one metric tonne equals just over 32,150 troy ounces, we can calculate that approximately 6 billion ounces of gold have been brought to the Earth’s surface through humanity’s collective efforts.

Read More »


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Current Price of Gold by Country

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