Gold price refers to the prevailing cost of gold, commonly quoted per ounce or gram. It is influenced by international markets, currency strength, geopolitical events, and investor demand.

Investors often watch gold prices as a safe-haven asset during times of economic uncertainty. When stock markets are volatile, gold tends to hold its value better than some other assets.

Gold price is usually quoted in US dollars, but local prices may vary due to exchange rates and local taxes or duties.

The price of gold can be tracked through financial news websites, commodity exchanges, and specialised apps.

Gold prices impact jewellery costs, investment products like ETFs, and the mining industry.

In summary, gold price is a key economic indicator read more influenced by multiple global factors affecting its value daily.