The average price of gold this October 8 stands at 111.59 euros per gram of 24 carats, marking a new increase of 5.72%, when compared to the price just a week ago, since last Wednesday, October 1, the gram of gold was sold at 105.55 euros. Therefore, this Wednesday a gram of 24-karat gold is paid 6.04 euros more than last Wednesday. This is a price that is updated daily and is published by the specialized international portal Exchange-Rates.
Gold is establishing itself as one of the most important investments these days due to its ability to preserve economic value in times of global economic uncertainty. This precious metal has been chosen for decades by investors and businessmen as an economic refuge to preserve their savings.
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The price of gold today per gram, ounce and kilogram
The price of gold does not stop changing in the financial market by the day and by the hour, with an important influence of what is happening in the world economy. These were the movements recorded by the spot price of gold this Wednesday, October 8 before 9 in the morning:
- Price of 24-carat gold per gram: 111.59 euros, with an increase of 1.3757 euros compared to the previous day.
- Price of 24-karat gold per ounce: 3,465.44 euros, with an increase of 42.7904 euros compared to the previous day
- Price of 24-karat gold per kilogram: 111,417 euros, with an increase of 1,375.74 euros compared to the previous day.
In this way we see how this precious metal continues an upward trend, reaching historical highs (it has been reaching maximums for several weeks now), even exceeding the price of 110,000 euros per kilo of gold, with an increase of more than 1,300 euros for just one kilogram compared to the previous day.
Gold exceeds $4,000 per ounce for the first time in its history
But the most surprising thing is that today is the first time that gold exceeds $4,000 per ounce (3,465 euros) in its history. Specifically, according to the price we indicate from the source of Exchange-Ratesin dollars it would be 4,025 dollars.
These are the data collected by this source early in the day, between 8 and 9 in the morning, but it managed to exceed $4,000 per ounce a few hours before, specifically a few minutes before 4:00 a.m. (2:00 GMT). Then, around 7:15 a.m., the price reached $4,030.30, according to Bloomberg data.
Gold has already appreciated 51.59% so far in 2025 and is on track to close its best year since 1979, according to EFE.