Personal Finance & Money Asked on April 23, 2021
I monitor on Yahoo Finance the gold price per ounce. But I learned that in US you buy gold per ounce, but in Europe we use per kilo.
How do I see the price per kilo on Yahoo Finance?
I use a software for portfolio tracking which uses in background the Yahoo Finance API.
The link in your question is not spot gold, but (first) Comex futures.
For USD spot price of 1 Troy oz you can try https://www.bloomberg.com/quote/XAU:CUR or https://www.bloomberg.com/quote/XAUUSD:CUR (Bloomberg) or https://www.reuters.com/quote/XAU=X (Reuters) or https://finance.yahoo.com/quote/XAUUSD=X/ (Yahoo Finance)
EUR spot price of 1 Troy oz https://www.bloomberg.com/quote/XAUEUR:CUR, GBP spot price of 1 Troy oz https://www.bloomberg.com/quote/XAUGBP:CUR, INR spot price of 1 Troy oz https://www.bloomberg.com/quote/XAUINR:CUR , etc.
Comex futures (USD / 1 Troy oz) https://www.bloomberg.com/quote/GC1:COM or https://finance.yahoo.com/quote/GC=F/
Mini Gold futures https://finance.yahoo.com/quote/YG=F/
E-Mini Gold futures https://finance.yahoo.com/quote/QO=F/
Tokyo futures (Japanese yen per gram, rather than oz) https://www.bloomberg.com/quote/JG1:COM
Your software needs to be capable of translating a troy oz quote into a kilogram quote.
Correct answer by Dimitri Vulis on April 23, 2021
1 kg is 32.1507 US Troy ounces. So you could just multiply each number by 32.1507. Or find another API that tracks the gold price in a European market (it should be equivalent to prevent arbitrage, though).
Answered by D Stanley on April 23, 2021
The spot price for gold is quoted in US dollars per ounce, whatever country you're in.
Any other figures you see elsewhere require currency conversions and/or conversion to different mass systems. Converting troy ounces to kilos can be done using 1oz = 31.1035g. In other words, to get the price per kilo, multiply the price per ounce by 32.150722.
Currency conversions will never be exact. But Kitco have a handy chart that includes the conversion on their web site.
Answered by Simon B on April 23, 2021
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