What is gold worth?

Gold bars and Coins

Gold is bought and sold every day around the world on the gold markets. The price of the gold fluctuates according to the demand of the buyers and the amount being sold by the sellers.

In March 2014, the price was about $U1335 (US Dollars) which is approximately $A1470 (Australian dollars) per troy ounce. You can look up the prices of gold every day in the newspaper - in the financial/share section or the Australian Stock Exchange. You will actually see a number of prices as different markets have slightly different prices. Also, the paper will publish the prices for both selling and buying.

Which ever price you look at, try to use the same one each time if you want to draw comparisons.

NEXT: Are you worth your weight in gold?, or do the next quiz question.

Minerals Downunder Exploration Contents