Since the financial collapse of the late 2000s there has been a huge rise in gold price. Consequently the standard measurement of gold price per ounce has become a problem for small investors. An ounce of gold costs around $2000 at the moment, and this has meant that gold price per gram is a far more effective way for small investors to understand gold price and make a move into the gold market.
Breaking down gold price per ounce
It is important to be able to work out how much gold price per gram is, as the standard measurement is gold price per ounce, getting a price per gram can be difficult. Many websites will offer you gold price charts for gold price per gram, so you can always check exactly how much you need to invest. It is important to remember that a gram is the equivalent to 0.03 ounces. If you cannot find the gold price per gram available at any point, then the easiest way to work out the value you would get (which is great for any of your scrap gold) is to multiply the value of gold per ounce by 0.03. Whilst this is a simple way of working out gold prices per gram, remember that you may not get that exact value when you buy gold or sell gold.
Gold prices per gram in the last 6 months!
Over the last 6 months there has been a big rise in gold price in general, and of course this has meant that your scrap gold, or gold that you want to invest in has become more valuable. At the moment a gram of gold is worth around £36, or roughly $57. 6 months ago you would have been able to buy a gram of gold for around £26. From this you can get a picture of what exactly has happened to gold over the last 6 months!
Imagine if you had invested in large amounts of gold, if you are seeing around a 30% increase in value on your investments in 6 months you know you are in the right game! Analysts believe that gold can only continue to increase in price as well, so in a market that is generally on an upward trend there is no better time to invest in gold. You can also see from this increase how much your own scrap gold is increasing in price, if gold prices continue their current trend then gold price per gram will be even more valuable in another 6 months.
A gram of gold to begin with
We can see that gold price is continuing to increase, and this is great for our investments. Learning to calculate the gold price per gram is important for smaller investors who do not have the capital to buy a bar of gold. On websites such as bullionvault.com it is simple to begin investing in small amounts of gold, and understanding the gold price per gram is vitally important if you want to purchase gold at a fair price.