GOLD PRICE IN US DOLLAR — OCTOBER 31, 2023
💱 XAU/USD · Tuesday, October 31, 2023
On Tuesday, October 31, 2023, the gold spot price was C$2,745.25 per troy ounce in Canadian Dollars, equivalent to US$1,905.20 USD per ounce or US$61.25 USD per gram. Gold fell -0.80% from the previous trading session.
Currency fluctuations between CAD and USD significantly impact the effective cost of gold for international investors. The US Dollar is the world's primary reserve currency and the standard denomination for gold on international markets. Canadian investors naturally track the USD gold price alongside CAD, as the USD/CAD exchange rate significantly impacts the effective return on gold held in Canadian Dollars. A weakening CAD against USD means gold in CAD rises even if the USD spot price remains unchanged.
PRICE COMPARISON — OCTOBER 31, 2023
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,745.25 | C$88.26 | C$88,261.71 |
| USD | US$1,905.20 | US$61.25 | US$61,253.63 |
SPOT OHLC (CAD)
| Metric | CAD | USD |
|---|---|---|
| Open | C$2,760.88 | US$1,916.05 |
| High | C$2,767.10 | US$1,920.37 |
| Low | C$2,743.18 | US$1,903.77 |
| Close | C$2,745.25 | US$1,905.20 |