![]() This included the 1/20 troy ounce size up through 1 kilogram until 2016. Actually, this is why the Chinese gold and silver panda coins used to be struck in troy ounce sizes. Measuring gold in other countries can be very different as well, which changes how each country prices gold bullion. This is because of the cost of physical delivery, warehousing, taxes, and even fees with converting local currency to USD and vice versa. Interestingly, this does not indicate that the prices to investors are the same everywhere.ĭepending on the country, there can be a major difference in prices for a Gold American Eagle, for example. Different currencies have different strengths, but generally, most gold prices internationally are based in USD. ![]() For example, gold traded at $1,741.40 at 10:30 AM EST in the US on, but it traded around ₹45,070 in India at the same time. This is what makes gold an arbitrage-free market, otherwise gold would be bought in other markets to take advantage of the price difference.īut when you look at the value of gold per ounce in any country, you may notice key differences. It is just measured in a different currency. For example, the gold price in the USA is roughly the same as the gold price in India. ![]() Generally speaking, the value of gold is mostly equivalent no matter which country you are in. Is the Live Price of Gold The Same Internationally?
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