So while gold may be a good investment at times, the supply demand argument does not apply to gold. However unlike other commodities, once gold is mined it does not get used up like other commodities (for example, such as gasoline). The current price of palladium as of Septemis 1,187.00 per ounce. History has shown that time and time again, gold is seen as a good investment in times of uncertainty because it can or is thought to function as a good store of value against a declining currency as well as providing protection against inflation. Interactive chart of historical daily palladium prices back to 1987. If you are considering an investment in gold, you may want to. 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. This page features a wealth of information on historical gold prices as well as gold price charts. In 2000 the price of gold was at its lowest since 1990, with a troy ounce of gold costing 274.5 U.S. At the end of 2022, a troy ounce of gold cost 1,813.75.
While down around 100 from a high posted in April 2022, it is still up considerably. A troy ounce is the international common unit of weight used for precious metals and is approximately 31.3 grams. As of February 2023, the price of gold was more than 1,870 an ounce. The price of gold per troy ounce increased considerably between 19, despite some fluctuations.
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