Live Gold Price
Price per troy ounce
Australian Gold Price (AUD)
American Gold Price (USD)
Australian Gold Price (AUD)
Because gold is priced in USD, its value in AUD is directly influenced by the exchange rate between the Australian dollar and the U.S. dollar. If the AUD weakens against the USD, gold becomes more expensive in Australian dollars, even if its USD price remains unchanged.
American Gold Price (USD)
Gold is primarily quoted in USD because the U.S. dollar is the world’s dominant reserve currency. Most international trade, including commodities like oil and gold, is settled in USD due to its stability, liquidity, and widespread acceptance.
Because gold is priced in USD, its value in AUD is directly influenced by the exchange rate between the Australian dollar and the U.S. dollar. If the AUD weakens against the USD, gold becomes more expensive in Australian dollars, even if its USD price remains unchanged.
Gold is primarily quoted in USD because the U.S. dollar is the world’s dominant reserve currency. Most international trade, including commodities like oil and gold, is settled in USD due to its stability, liquidity, and widespread acceptance.
