Gold prices

Gold is the currency of



But drivers in gold is a form of currency, as well as silver. And can be traded like the rest of their currencies. However, there is a difference: Gold and silver can be traded only against the U.S. dollar (USD)



Universal symbol for gold is XAU, the symbol of silver is XAG. Vehicles and symbols of a letter X in the Forex and the chemical symbol for gold (AU) and silver (AG).



The gold price.



The gold price is measured by its weight and price shows how much will it cost to buy one ounce of gold in U.S. dollars. There are many systems of weight measurement in the markets of precious metals and stones. Is the most common Trojan ounce, approximately 31.10 grams and oz Avordeboy and equal to about 28.35 grams.



For example, if the gold price was 612.97, it means that the weight of one ounce of gold can be traded to 612.97 U.S. dollars. Similarly, the price of silver is the price of Aloons in U.S. dollars. If the price of silver was 11.853, it means that ounce of silver can be traded at 11.853 U.S. dollars.