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The price of gold is determined worldwide on the basis of the London Gold fixing price - one of the key components of the global gold market. The price is set per troy ounce of pure gold in the form of standartized bullions. Then, using this price as a reference, producers, dealers and other market participants set their prices for golden jewellery, coins and other production items.

On this Knoema interactive dashboard you can explore more than 30 years of monthly gold price history and yearly price returns quoted in 19 various currencies of main gold-producing and gold-consuming countries (select the desired currency on the data card).

Source: the World Gold Council database. Local currency prices computed from the US Dollar price and the market exchange rates.

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