24 Karat Gold Price Calculator

Here’s a comprehensive table with key information about 24 Karat Gold Price:

Aspect	Details
Purity	24 Karat gold is 99.9% pure gold, the highest purity available for gold
Current Price	£1,950.91 per troy ounce (as of the latest update)
Price per Gram	£62.723
Price per Kilogram	£62,723.052
Historical High	Reached in September 2011
Price Fluctuation	Gold prices are updated in real-time and can change rapidly
Factors Affecting Price	Supply and demand, investor expectations, economic conditions, geopolitical events
Trading Units	Typically traded in troy ounces (31.1034768 grams)
Market Hours	Sunday 10pm to Friday 9pm GMT (with a daily hour break at 11pm)
Price Fixing	Occurs twice daily at 10:30 and 15:00 GMT in the London Bullion Market
Investment Options	Gold bars, coins, ETFs, and allocated/unallocated accounts
Tax Considerations	In the UK, investment gold is VAT-free, but may be subject to Capital Gains Tax

Additional Information

Price Tracking: Most investors track gold prices in troy ounces rather than grams. You can view gold prices in various currencies (GBP, USD, EUR) and time periods using online charts.

Investment Considerations: While gold doesn’t provide regular income like some investments, it’s often considered a hedge against economic uncertainty and a safe-haven asset.

Premiums: When purchasing physical gold, expect to pay a premium above the spot price to cover production, transportation, and storage costs.

Remember that gold prices are highly volatile and can change rapidly based on various economic and geopolitical factors. Always consult with a financial advisor before making investment decisions.