The data displays the fluctuation of the price of gold per troy ounce from 1990 to 2017. A troy ounce is the international common unit of weight used for precious metals and is approx. 31.3 grams. At the end of 2017, a troy ounce of gold cost 1,302.8 USD.
Price of – additional information
In 2000 the price of gold was at its lowest since 1990 and that year a troy ounce of gold cost 274.5 USD. Since then gold prices have been rising and after the economic crisis of 2008 the price of gold rose at higher rates than ever before as the market began to see gold as an increasingly good investment.
