Table of Contents
What was the value of gold in 2008?
$872.37
Gold Prices – 100 Year Historical Chart
| Gold Prices – Historical Annual Data | ||
|---|---|---|
| Year | Average Closing Price | Annual % Change |
| 2008 | $872.37 | 3.41% |
| 2007 | $696.43 | 31.59% |
| 2006 | $604.34 | 23.92% |
How much does 24kt gold sell for?
24K Gold Price Per Ounce in US Dollar
| Ounce | US Dollar | Ounce |
|---|---|---|
| 1 Ounce = | 1814.3 USD | 0.00055 USD |
| 2 Ounce = | 3628.6 USD | 0.00110 USD |
| 5 Ounce = | 9071.5 USD | 0.00276 USD |
| 10 Ounce = | 18143 USD | 0.00551 USD |
What was the gold price in 2000?
Rs.4,400.00
Historical gold rate trend in India
| This chart contains the average annual price for gold from 1964 – present. | |
|---|---|
| Year | Price (24 karat per 10 grams) |
| 1999 | Rs.4,234.00 |
| 2000 | Rs.4,400.00 |
| 2001 | Rs.4,300.00 |
Why did gold go up in 2008?
Back then, a gold standard was still in place. Thus gold prices rose only because the government devalued the U.S. dollar—after essentially confiscating all of the country’s gold. 2008 is the most recent point of comparison to determine what happens to gold in a recession.
What was the price of gold in 2009?
Over 200 years of historical annual Gold Prices
| Year | Close |
|---|---|
| 2011 | $1,531.00 |
| 2010 | $1,420.25 |
| 2009 | $1,087.50 |
| 2008 | $869.75 |
How do you find the value of old gold?
Suppose the price of gold listed by the jeweller is Rs. 27,350 for 10 grams of 22KT gold. Now, if you wish to purchase a gold chain of 9.6 grams, then price will be calculated as: Price of 1 gram of gold = Rs 27,350 divided by 10 = Rs.
What was the price of gold in 2000?
Price of Gold. in US Dollars. % Increase. 2000. $273.60. —. 2001. $279.00. 2%.
What was the price of gold in 1971?
Until 1971, the U.S. was on the gold standard. This meant that the price of gold was fixed at $35 per troy ounce. Since that time however, the price of gold has increased by about 8% per year, more than twice the rate of inflation, and much more than bank interest rates. This doesn’t mean that there haven’t been ups and downs.
How to calculate the value of gold for free?
Gold Price Calculator is a free service provided by Gold Price OZ website, by which you can easily calculate the value of your gold. You can entry the gold weight, select your required currency and measurement unit, the purity of gold, real-time gold price or historical gold price to calculate the total amount of gold. Gold Price Per Ounce
Why is the price of gold so high?
3. The purity of gold. Generally, the purity of gold bullion is up than 99%; gold coin and gold jewelry are commonly gold alloy, they may be 24k, 22k, 18k, 14k, 10k, or 8k, etc. Therefore, the prices of gold bullion is higher than gold coin and gold jewelry (excluding the costs of craft and design).