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How Gold Is Weighed Around the World: Grams, Ounces, Tolas and Baht

Gold is traded globally, but not every market talks about its weight in the same way. International bullion markets usually quote gold in troy ounces, while retail buyers in many countries think in grams. South Asian markets often use the tola, and Thailand has its own traditional baht-weight system.   These units can make prices […]

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How Exchange Rates Affect Gold Buyers

When people think about the price of gold, they usually focus on whether gold itself is rising or falling. For buyers outside the United States, there is another important variable: the exchange rate.   Because international gold is usually quoted in US dollars, a buyer’s local currency can make gold cheaper or more expensive even […]

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Why Local Gold Prices Can Move Even When the Global Price Does Not

It is entirely possible for the international gold price to remain almost unchanged while the price quoted by a local dealer moves noticeably.   That does not necessarily mean the local market is disconnected from the global market. The international price is only the starting point. Local gold prices also reflect currencies, premiums, taxes, availability, […]

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How Currency Movements Affect Local Gold Prices

Gold has a global market price, but buyers do not experience that price in the same way everywhere. A person buying gold in India, the United Kingdom, Japan, or South Africa may see the local gold price rise even when the international US-dollar price is barely moving.   The reason is exchange rates. Because the […]

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Why Gold Is Quoted in US Dollars Worldwide

Gold is mined, bought, and sold in almost every part of the world, yet the headline international price is usually quoted in US dollars.   That does not mean gold belongs to the US market or that buyers must purchase it in dollars. The dollar serves as the main international unit of account for gold, […]

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