Where can you find the price of 24 karat gold?

The website GoldPriceOz.com maintains an up-to-date listing of the current market value of 1 ounce of 24 karat gold. GoldCalc.com features a calculator tool that allows users to estimate how much the scrap gold they have on hand is worth.

Gold is a popular investment and subject to speculation. However, gold is unique among investments in that its demand is not heavily influenced by annual production, but by the overall market demand for gold itself. Since the amount of new gold entering the market remains fairly consistent from year to year, speculators estimate gold value by how much existing gold is bought and sold for.