Or if Gold is at 1527.10 and moves to 1527.50 and your are long, you will make $40 USD. Mini Lot: When trading 1 full sized lot of gold, I.e. Volume = 0.10 you are buying 10 ounces of gold on margin. The margin held will be the price of gold in USD when the contract is bought. For every point movement, you will make 10c. I.e.
2,504.20. + $1.81. 2060.50. 2061.50. Day's Range. Live Gold Charts and Gold Spot Price from International Gold Markets, Prices from New York, London, Hong Kong and Sydney provided by Kitco.
One troy ounce is exactly 31.1034768 grams (1.097142857143 oz.), but you’ll often see gold prices listed as $/oz. without mentioning “troy.” The spot price of gold does not account for any other costs associated with the design, manufacture, or sale of a gold coin or bar, including costs like shipping or insurance.
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how much is 10 ounces of gold