All Time Gold Record Price Set to be Broken
The all time record price stands at $1896.50/oz set on the morning fix of September 5th 2011, briefly yesterday the spot price nudged past the $1900/oz mark. With the impact of the Coronavirus pandemic still being felt throughout the world, the price of gold is set to rise further.
The record gold price in GBP was broken earlier this year and the price now stands at over £1480/oz (£47.5/gram). The differences in exchanges rates between 2011 and 2020 accounting for the variance.