When did gold reach $700 per ounce?

Answer The price of gold reached more than $700 per ounce for the first time on January 16, 1980, when it was valued at $760. More recently gold reached $701 per ounce on September 7, 2007, and has stayed... Read More »

Top Q&A For: When did gold reach $700 per ounce

How big is one ounce of gold?

A one-ounce gold bullion coin such as the U.S. gold eagle contains alloys; the size is thus larger than if it was pure gold. One-ounce gold bars are usually 99.9 percent pure, and 1 5/8 inches by 1... Read More »

How many grams in a ounce of gold?

Gold and other precious metals are typically measured in troy ounces rather than the more commonly used avoirdupois ounce. One troy ounce is equal to about 31.10 grams. One avoirdupois ounce equals... Read More »

How many grains are in an ounce of gold?

Precious metals are typically weighed using the troy system. This system has been used since the Middle Ages to weigh gold. Using this system of weight, there are 480 grains per troy ounce of gold.... Read More »

What is gold worth per ounce?

The value of gold fluctuates throughout the day and can rise and fall sharply over a period of months or even weeks. However, the price reached record highs in the 2000s and, as of May 2010, consis... Read More »