How to Find the Gold Rate

Gold is used as a store of value.

Gold has been highly valued for thousands of years. Used to make anything from jewelry to dinnerware to teeth, gold is a durable substance. The gold rate, or current price of gold, has been used historically as a basis for monetary policy. Gold is measured in troy ounces, a rate of measure that was used in the Roman monetary system. Finding the current gold rate is as simple as looking it up on the Internet or downloading an application to your compatible Apple device.

Things You'll Need

• Computer
• Apple device such as iPhone (optional)

Instructions

Finding the Gold Rate Online

1. Visit a website that lists the current or "spot" price of gold.

2. Choose your currency. You have a choice of U.S. dollars, British pounds or euros.

3. Read the current price of gold listed. The price is in kilograms (kg) or troy ounces (TOZ). The price of gold is usually quoted in troy ounces.

Finding the Gold Rate With Your Apple Device

1. Go to the iTunes application store via your Apple computer.

2. In the search bar, type "gold price." Click on the "buy" or "install" button.

3. Wait for the application to install on your computer. Transfer it to your device. Open the application on your device, and see the current spot price of gold listed on the screen.

References

• Bullion Vault
• Apple: Gold Price Application Description

Resources

• Read this Article in Spanish
• Bullion Vault