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Live gold prices converted into local currencies for markets around the world.
Although gold is a single global commodity priced in US dollars, the price you see locally depends on the exchange rate between the dollar and your national currency. When a local currency weakens against the dollar, gold becomes more expensive in that currency, and when it strengthens, gold becomes cheaper. This is why two countries can experience completely different gold price movements on the same day, even though the underlying dollar price has barely changed.
On top of currency effects, each country adds its own layer of costs: import duties, sales taxes or VAT, local supply and demand, festival and wedding-season buying, and dealer margins. This is why the price of the same gram of gold can differ noticeably between, say, India and the United States. The figures here reflect the international spot price converted to each currency and are indicative only.
Currency movements are often the single biggest reason local gold prices change from day to day. Because gold is priced in US dollars, anyone buying in another currency is effectively making two transactions at once: one in gold and one in foreign exchange. A country whose currency falls sharply against the dollar can see local gold prices climb even when the international dollar price is flat or falling. This is why gold is sometimes described as a hedge against currency weakness — when a local currency loses value, the gold priced in it tends to rise, helping preserve purchasing power.
When comparing gold prices across countries, make sure you are comparing the same unit and purity — some markets quote per gram, others per tola or per 10 grams, and jewelry is often sold in 22K rather than 24K. To convert a price into a unit you understand, use our gold converter. The data on this page is indicative and provided for information only; it is not financial advice.
