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The value of 1 ounce of gold varies daily based on the gold spot price, which is the current
market price for an ounce of gold. Premiums on 1 oz gold bars or coins can add to the cost, depending on factors like brand, rarity, and demand. Costco's one-ounce gold bars sell out fast due to high demand and potential investment appeal. Understanding the real price of gold involves considering both the spot price and any applicable premiums.
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