Friday, 11 October 2024, 3:25 PM
Gold Unit | U.S. Dollar |
---|---|
Gold Ounce | 2,652.52 |
Gold Gram Karat 24k | 85.29 |
Gold Gram Karat 22k | 78.13 |
Gold Gram Karat 21k | 74.63 |
Gold Gram Karat 18k | 63.97 |
Gold Gram Karat 14k | 49.89 |
Gold Gram Karat 12k | 42.65 |
Gold Gram Karat 10k | 35.57 |
Gold Gram Karat 9k | 31.98 |
Gold Gram Karat 8k | 28.40 |
In the United States, the most commonly used gold karats are 14K, 18K, and 10K. Among these, 14K gold is the most popular choice, constituting 58.3% pure gold. It offers an excellent balance between durability and gold content, making it ideal for jewelry that withstands daily wear.
Following closely is 18K gold, which is composed of 75% pure gold. This higher gold content provides a richer color and more luxurious feel but is softer compared to 14K, making it less suitable for everyday items. Nevertheless, 18K gold is favored for high-end jewelry, engagement rings, and luxury pieces.
10K gold is also prevalent, containing 41.7% pure gold. This lower purity provides increased strength and durability, leading to its use in budget-friendly jewelry, especially for those looking for affordability. Lastly, 24K gold, which is 99.9% pure, is rarely used for jewelry in the U.S. due to its softness but is still sought after for investment purposes.
The price of gold in the United States is influenced by various factors, primarily driven by supply and demand dynamics, geopolitical stability, and economic indicators. One of the main bases for gold pricing is the spot market, where gold is bought and sold for immediate delivery. Prices fluctuate throughout the trading day, mainly on the COMEX (Commodity Exchange), a part of the New York Mercantile Exchange.
Additionally, global economic conditions play a significant role. Economic uncertainty often drives investors towards gold, viewed as a safe-haven asset, leading to increased demand and higher prices. Conversely, in stable economic times, demand may decrease, causing prices to drop.
The value of the U.S. dollar also has an inverse relationship with gold prices. A weaker dollar makes gold cheaper for foreign investors, boosting demand and raising prices. Conversely, a strong dollar can lead to lower gold prices. Moreover, interest rates, inflation rates, and investor sentiment are influential factors that can impact the gold market significantly.
Overall, the complex interplay of these factors ultimately determines the price of gold in the United States.
The outlook for gold prices in the United States remains a topic of considerable interest among investors and analysts alike. As of 2023, several factors are poised to influence the future trajectory of gold prices. Economic uncertainty, inflation concerns, and geopolitical tensions often drive investors towards gold as a safe-haven asset.
In light of rising inflation rates and potential interest rate hikes by the Federal Reserve, gold is expected to experience volatility. Stronger economic data could lead to a stronger U.S. dollar, which traditionally has an inverse relationship with gold prices. However, if inflation continues to rise uncontrollably, gold may see upward pressure as investors seek to hedge against currency devaluation.
Market analysts predict that gold prices could range significantly in the coming months, with some forecasting a potential increase toward records seen in previous years if economic conditions remain unstable. Additionally, the continued interest in cryptocurrencies and alternative investments may also affect gold's market position. Overall, while there are predictions of increased gold prices, the market remains susceptible to a variety of economic influences and investor sentiments.
Date | Gold Ounce | Gold Gram Karat 24 | Gold Gram Karat 22 | Gold Gram Karat 21 | Gold Gram Karat 18 | Gold Gram Karat 14 |
---|---|---|---|---|---|---|
10 October 2024 | 2,610.97 | 83.95 | 76.95 | 73.44 | 62.95 | 48.99 |
9 October 2024 | 2,617.80 | 84.17 | 77.15 | 73.64 | 63.11 | 49.11 |
8 October 2024 | 2,645.50 | 85.06 | 77.97 | 74.42 | 63.78 | 49.63 |
7 October 2024 | 2,645.50 | 85.06 | 77.97 | 74.42 | 63.78 | 49.63 |
6 October 2024 | 2,652.52 | 85.29 | 78.18 | 74.61 | 63.95 | 49.77 |
5 October 2024 | 2,652.52 | 85.29 | 78.18 | 74.61 | 63.95 | 49.77 |
4 October 2024 | 2,666.67 | 85.74 | 78.59 | 75.01 | 64.29 | 50.03 |
3 October 2024 | 2,652.52 | 85.29 | 78.18 | 74.61 | 63.95 | 49.77 |
2 October 2024 | 2,652.52 | 85.29 | 78.18 | 74.61 | 63.95 | 49.77 |
1 October 2024 | 2,638.52 | 84.84 | 77.76 | 74.22 | 63.61 | 49.50 |
30 September 2024 | 2,659.57 | 85.52 | 78.38 | 74.81 | 64.12 | 49.90 |
29 September 2024 | 2,652.52 | 85.29 | 78.18 | 74.61 | 63.95 | 49.77 |
28 September 2024 | 2,652.52 | 85.29 | 78.18 | 74.61 | 63.95 | 49.77 |
27 September 2024 | 2,673.80 | 85.97 | 78.80 | 75.21 | 64.46 | 50.17 |
26 September 2024 | 2,659.57 | 85.52 | 78.38 | 74.81 | 64.12 | 49.90 |
25 September 2024 | 2,659.57 | 85.52 | 78.38 | 74.81 | 64.12 | 49.90 |
24 September 2024 | 2,638.52 | 84.84 | 77.76 | 74.22 | 63.61 | 49.50 |
23 September 2024 | 2,624.67 | 84.39 | 77.36 | 73.83 | 63.28 | 49.24 |
22 September 2024 | 2,624.67 | 84.39 | 77.36 | 73.83 | 63.28 | 49.24 |
21 September 2024 | 2,624.67 | 84.39 | 77.36 | 73.83 | 63.28 | 49.24 |
20 September 2024 | 2,590.67 | 83.30 | 76.35 | 72.87 | 62.46 | 48.61 |
19 September 2024 | 2,564.10 | 82.45 | 75.57 | 72.13 | 61.82 | 48.11 |
18 September 2024 | 2,564.10 | 82.45 | 75.57 | 72.13 | 61.82 | 48.11 |
17 September 2024 | 2,577.32 | 82.87 | 75.96 | 72.50 | 62.13 | 48.35 |
16 September 2024 | 2,583.98 | 83.09 | 76.16 | 72.69 | 62.29 | 48.48 |
15 September 2024 | 2,583.98 | 83.09 | 76.16 | 72.69 | 62.29 | 48.48 |
14 September 2024 | 2,583.98 | 83.09 | 76.16 | 72.69 | 62.29 | 48.48 |
13 September 2024 | 2,570.69 | 82.66 | 75.76 | 72.31 | 61.97 | 48.23 |
12 September 2024 | 2,518.89 | 80.99 | 74.24 | 70.85 | 60.73 | 47.26 |
11 September 2024 | 2,518.89 | 80.99 | 74.24 | 70.85 | 60.73 | 47.26 |