How much does 1 kilogram of gold cost today: official exchange rate in rubles and USD

How much is 1 kg of gold worth today?

Today's gold rate in Russia in rubles per kilogram:

The official price of gold at Sberbank is set daily on weekdays and is published only on the bank’s official website. It is influenced by the discount price of the Central Bank of Russia, as well as stock exchange quotes, and roughly corresponds to the quote presented here.

The price of a one-kilogram bar in dollars is presented below:

How much is gold worth

Ounces and grams

One troy ounce of 999 fine gold = 31.1034768 grams
A gold troy ounce has the following designations:
ozt
(tr.oz, t oz),
XAU
For simplified calculations, the value is usually used:
1 ozt = 31.103 grams.

The Central Bank of the Russian Federation recalculates quotes into rubles and grams at its US dollar to Russian ruble exchange rate valid on the day following the day the discount prices are established. The official price of a gram of gold in Russian rubles, effective today: Central Bank rate (On the website of the Central Bank in the section “Account prices for refined* precious metals.” *Refined means purified from impurities to the maximum possible extent.)

Gold containing 99.99% of the precious metal - the so-called 999 fineness - is traded on exchanges. Refined precious metals (in the form of bars, investment coins, in metal accounts) are purchased by companies and individuals for investment purposes. Jewelry gold of various samples (750, 585...) - alloys of noble metal with alloy (additives) in different proportions - is bought mainly for its intended purpose - as jewelry; however, it always remains a liquid financial asset, if not by definition, then in essence.

Exchanges and the Central Bank are the main guidelines Every day on weekdays, the Central Bank of Russia sets the “account price” for gold (as well as other precious metals). This price is used by banks for accounting purposes. It is also called the “second price” because it is calculated based on quotes from the world’s main exchanges - the LME (London Metal Exchange) and COMEX (New York Mercantile Exchange), where the “first price” is formed in US dollars per troy ounce of precious metal.

“Expensive” and “cheap” samples

As you know, gold comes in different grades, differing in greater or lesser percentage of additives in the noble alloy. It is clear that the more additives, the cheaper the gold alloy.

The first idea of ​​the “reasonableness” of the price of a gold product can be made by comparing its present value per gram with the discount price of the Central Bank. A simple formula is used for this: The book price of 1 gram according to the Central Bank X (multiplied) by the percentage of Aurum content in the alloy

. The most popular and popular samples among buyers are 750 and 585. For the first of them, the “real” price per gram will be three quarters of the Central Bank discount price, for the second a little more than half...

Spread and margin

The “real” price can serve as a guide, but you will never be able to buy or sell for it, because there are such concepts as spread and margin. The spread is the difference between the purchase and sale prices, and the margin is the material interest that remains with the organization making the sale or purchase. These values ​​are partly determined by the “technical” costs of conducting transactions, but to a large extent by the market situation and the pricing policy of companies. From this follows a seemingly obvious, but nevertheless very important conclusion to follow: the most profitable purchase can be made by carefully studying the offers on the market. This remark applies to absolutely all types of transactions with Au - be it filling a virtual metal account or buying jewelry, coins, bars... As for bars and jewelry, the margin is additionally influenced by the features of the “production process”. Larger bars are more profitable to buy; their price per gram will be lower. And the cost of jewelry is affected by the premium for artistry; The works of renowned masters will be especially expensive. But when selling, in neither the first nor the second case, the buyer’s additional expenses will most likely not be taken into account. Buyers of bullion will also have to pay VAT. This leads to an increase in acquisition costs by 18%. True, the Ministry of Finance recently initiated the abolition of this tax. Whether this will actually happen, time will tell. Moneyinformer will monitor developments.

Good timing

In the long term, investing in gold will definitely pay for itself. If you look at the graph of price dynamics over the past 20 years, you can see that the cost of this metal has increased several times. Another thing is that it is impossible to predict how long an upward or downward trend will last. Until now, for example, the maximum of mid-2011 has not been reached again, and about 10 years have passed since then. Therefore, buying Aurum in the hope that after some time it will be possible to sell it at a profit is an extremely risky strategy. But the strategy of a “safe haven”, a protective asset, is widely used - transferring savings or part of them into gold in order to protect them to the maximum extent possible from the influence of economic crises, the volatility of national currencies and other factors that threaten them. This is exactly the strategy that the Russian Central Bank followed before the crisis began in 2021, increasing its gold and foreign exchange reserves. More details

In the pawnshop and buying

The price of gold in a pawnshop is more predictable and understandable in its formation than, for example, the cost of bullion in banks. Above, Moneyinformer provided a formula for calculating the “real” (fair) value of a gram of precious metal. In the “best” pawn shops, when buying gold items, they pay 80-100 rubles per gram. less than it, and when selling, on the contrary, they add the same or slightly less amount. We are talking here specifically about buying (issuing a loan secured by) scrap gold, and most of the products accepted for commission, including those with precious stones, are recognized as such. Products recognized as jewelry, having jewelry, artistic or historical value (they must be in good condition) can be purchased (accepted as collateral) at a higher price. However, it will be limited to an amount that, as a rule, does not exceed double the price of scrap, no matter how wonderful the gold product is. Naturally, it makes sense for sellers of such products to first contact specialized stores. If a pawnshop client intends to buy back the item handed over in the future, when calculating the cost, he must take into account that he will be charged interest on the loan, which differs in different pawnshops, but, as a rule, is considerable. The actual amounts received by pawnshop clients for their belongings may be less than expected or even declared by appraisers, since employees of these organizations often use unscrupulous work methods. Among them are various deductions from the amount paid to the client - for losses during metal remelting, for dirt on the products, for the absence of an assay office stamp, VAT (should not be charged to the client) ... It is also advisable to know the exact weight of your product in order to avoid weight gain. The final price should be clarified before signing the contract, and if you do not agree with it, try to look for a company with a more acceptable service.

How much could you earn in a year, 2, 5 and 10 years?

Investing in precious metals is one of the most stable instruments. At the same time, the price of gold never stands still. The cost at one moment can increase by 10-15% or, on the contrary, become cheaper. It is best to invest in precious metal for the long term. It’s worth forgetting about your investment portfolio for 5-10 years. In this case, its profitability will be really high.

For example, if you bought a kilogram bar a year ago and sold it today, your income would be 196,000 rubles.

But in two years you would have lost 202,000 (in 2021 the rate was higher).

For 5 years: +1,278,000 rubles (then the price was almost 2 times lower).

For 10: +1,895,000 rubles.

You must understand that there is a big difference between the buying and selling price. This difference is called the spread. It varies between 4-15%.

Don't invest in jewelry. The pawn shop will buy them back only at the price of scrap.

In other countries

Let's see how much 1 bar will cost abroad. As in Russia, prices in other countries primarily depend on the exchange rate. However, buyers from the US or UK still have to pay VAT or similar tax, which averages 12-20%. Let's look at the current sales rates in America, Great Britain and Germany.

Table 5. Cost of gold bars in the USA

Sources: goldprice.org, current as of 01/08/2021.

Obviously, 1 g will cost the buyer significantly more. The greater the mass, the more profitable.

Table 6. Price of bullion in the UK

Sources: gold-bank.co.uk, current as of 01/08/2021.

As the figures show, 10 g in the USA will cost less, but 1 kg is better to buy in England.

Table 7. Cost of precious metals in Germany

Sources: gold.de, current as of 01/08/2021

Free seminar

: How to earn passive income by trading stocks. Webinar by Nikolai Ushakov (trading on the stock market for 15 years).

In most cases, prices in the countries under consideration are lower than in Russia. The difference increases as the mass increases. In Germany, the cost is significantly lower in any weight.

Watch the video released by the Business Analysis channel about whether it is profitable to invest in gold:

Author: Victoria Barbayeva. September 24, 2021.

Where can you buy or sell gold

You can buy gold:

• On the MICEX. On the Moscow Exchange you can buy compulsory medical insurance or futures contracts for precious metals. This is a convenient and affordable way to trade precious metals.
• Coins\bars in banks. There are two types of gold coins - investment and collectible. Bullion can only be purchased from large banks. This is gold of the highest standard, available in bars from 1 gram to 1 kg. The greater the weight of the bar, the cheaper each gram of gold in it is. Precious bullion is subject to VAT at the rate of 18% of the total value.
• Compulsory medical insurance (impersonal metal account). An account is created in the selected bank, which contains grams of gold. According to the law, when opening an impersonal account, VAT is not paid.
• Mutual Fund\ETF. Investment funds whose only asset (other than money) can be shares of an index ETF. The average management fee is 0.3–5% of the average annual net asset value.

Cost of a precious kilogram

From the beginning of the 15th century, gold became the monetary unit used to pay for goods and services. The high cost of the metal with low weight and volume, as well as ease of identification by color, malleability and acoustic characteristics, became the reason for choosing gold coins as a means of payment. But the evolution of commodity-money relations led to the displacement of the precious metal from direct circulation by paper banknotes.

There are several reasons for refusing to use gold as a primary currency:

• limited mining and production of gold did not allow for rapid additional emission;
• moving gold reserves required unreasonably high technical and monetary costs;
• Damage and loss of coins upset the balance of monetary circulation.

History of the gold price

The US government in 1792 established that a troy ounce - 31.1 grams - of gold costs $19.3. After 42 years, there were no longer enough gold reserves to provide cash. The price of the metal rose to $20.67. In 1933, American authorities confiscated gold from the population and financial institutions to stop the crisis known in history as the Great Depression. The price per ounce settled at $35.

In 1944, at the Bretton Woods conference, representatives of 44 countries signed an agreement under which national currencies were strictly pegged to the dollar, and US money to gold. Until the end of the 60s of the last century, the price of gold did not change.

In 1970, the American economy was suffering from inflation. President R. Nixon ordered that the dollar's backing with gold reserves should not be taken into account. The value of the valuable metal began to float freely. Fluctuations in the exchange rate were legislated by the currency system adopted in 1976 in Jamaica.

From this moment on, the value of the asset is constantly growing. In 1978, the price was $200 per ounce; in 2006, it was $620. At the beginning of 2021, the price of 1 kg of gold in dollars reached $1,320.

Variable value

The unstable financial situation in the country forces a person to look for a safe haven in assets that have imperishable value. International conflicts and hostilities also push the average person in search of a “safe haven” of well-being. The population begins to exchange paper money for precious stones and metals. The price of gold is increasing.

Precious metal as a commodity is the object of stock exchange speculation. The laws of the market come into play. Price is regulated by the interaction of supply and demand. The movements of stock quotes of the American dollar and gold are interconnected. A falling currency causes the value of the yellow metal to rise. Conversely, a strengthening dollar reduces the cost of a troy ounce.

The price of gold depends on the amount of metal mined and the cost of technological processes required in its production and processing. Changes in demand for jewelry or industrial products that use the precious metal also affect the price of gold.

Price - data in numbers

The world's leading platforms where gold is traded are the London Stock Exchange and the New York Mercantile Exchange. Here the price is formed, which is used in accounting calculations by financial institutions in all countries. In the capital of Great Britain twice a day - at 10:00 and at 15:30 GMT, a fixed price for a precious bullion is announced. The procedure is called London gold fixing.

The announced figures are used by the Russian Central Bank to calculate the exchange rate value of gold in the country. Based on the official rate, quotes are set by other commercial banks. On the website of the Savings Bank of Russia, in the “Precious Metals” section, it is displayed how much a kg of gold costs in rubles for the current day. On this page you can familiarize yourself with the conditions for purchasing 999 fine ingots.

The exchange rate of the yellow metal is constantly changing. For example, on September 1, 2018, the price of 1 kilogram of gold in rubles was 2,640,210. Two weeks later, the cost of 1000 grams rose to 2,662,750 rubles. By October 1, there was a drop to the level of 2,498,930 rubles. Stock market specialists predict a decline in the value of the precious metal, which may continue until the beginning of summer 2021.

The 2021 FIFA World Cup opened in Russia on June 14. On this day, the price of 1 kg of gold in rubles at the rate of the Central Bank of the Russian Federation was 2,562,100. A game ball cast from yellow metal would cost 699,430,241.1 rubles. This is football arithmetic...

Convenient investments

For our “savings purposes”, the exact price of a gram of 999 fine precious metal is set daily by the Central Bank of the Russian Federation and publishes it on its official website. For example, the price of gold today at the Central Bank exchange rate is 2,466.91 rubles/gram (November 2016). But the official price of the Central Bank is not used directly during purchase; it is the basis for calculating gold prices in credit and other organizations.

Note that the cost of the precious metal in an ingot is higher than exchange quotes, due to 18% VAT and the added value of the manufacturer and seller. That is, the real cost of 1 gram of bullion will be significantly higher. How much a gold bar costs depends on its weight; only standard measured bars are sold in banks. The main thing in a bank bullion is the purity of the precious metal content and compliance with the standard. For an ingot with a fineness of 999, the standard content of precious metal is 999 grams in one kilogram of the alloy.

The most economical investment option would be to open a metal account at a bank. In this case, there is no need to pay VAT, because the investment does not have a physical form; there is no need to remove an expensive safe deposit box to store bullion. In addition, it is a very liquid investment that has the same market value and can be easily converted into cash. The rate for Sberbank gold metal accounts today is purchase 2,324.74 rubles/gram, sale – 2,759.26 rubles/gram.