what is the price of gold per gram?

what is the price for white and yellow gold per gram? did the price of diamonds and gold drop, or increase during this recession? thanks for any answers!

Public Comments

1. According to kitco.com, the current price of gold is US$ 712.10 per troy ounce. There are 31.1 grams in a troy ounce, so the price of gold is $22.90 per gram. The international standard unit for precious metals trade is troy ounces, a rather obscure unit. White gold and yellow gold are imprecise trade names for gold alloyed with other metals. You'd have to know the type and quantity of the "impurities" before determining the price of those alloys. The price of diamonds is dependent on the 4 C's, and is controlled by the DeBeers monopoly, so the price of diamonds is not affected by this recession. Surprisingly, the price of precious metals has softened...so far anyway.
2. As of November 12, 2008, the price of gold per gram is $22.91. The price of gold has declined over the last month. On Oct. 10 it was $918 per ounce, today, $710.
3. Troy ounces is ths standard measurement for gold and other precious metals, such as silver, platinum, palladium and rhodium. You can see the live spot gold price quotes in various weight units including gram at this website. http://www.etoolsage.com/Calculator/pMetals.asp?toolsort=5000