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| The above graph shows the historical data for Gold prices indicated in US dollars and in 1998 USdollars per ton. The graphical chart representation also indicates the more commonly used Gold price in $/ounce. The data is derived amongst others from the U.S. Geological Survey Minerals information. The high Gold price in 1980 coincided with allowing short selling of Gold. Weakness in the US Dollar tends to be offset by strengthening of gold prices. Gold remains a principal financial asset of almost all central banks alongside foreign currencies and government bonds. Gold is traditionally weighed in Troy Ounces (31.1035 grammes). It has a specific gravity of 19.3, meaning that it is 19.3 times heavier than water. Click here for more general information on Gold | |
| Unit Value ($/t) Unit value is the value in actual U.S. dollars of 1 metric ton (t) of gold apparent consumption. Unit values are estimated from the Englehard market prices for refined gold as reported in the MP98 and the 2002 MYB.
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