How much is 16 troy ounces of gold worth?

At current prices, this gold would be worth $200 billion. What is the value of 16 troy ounces of gold in dollars, euros, and pounds? Use this easy and mobile-friendly calculator to compute the value in U.S. Dollars, British Pounds, or Euros of 16 troy ounces of gold.

Are gold spot prices Universal?

Gold spot prices are universal, as most gold markets use live gold prices listed in U.S. dollars, so the price of gold per ounce is the same worldwide. The gold spot price is typically listed in troy ounces, but it can be converted into any unit of measure you want to buy or sell.

What is the LBMA Gold Price?

The LBMA sets the standards for gold trading and conducts electronic auctions, most notably the LBMA Gold Price, twice daily. During these auctions, market participants, including banks, refiners, and institutional investors, submit buy and sell orders until a supply and demand equilibrium is reached, establishing the spot price.