Unless otherwise defined, the price of one gram of gold or – which is ultimately the same – the value carried by one gram of gold (the amount of value represented by one gram of gold, often denoted by the symbol “GG” or “AUG”). – When quoting the price of gold, it is always necessary to pay close attention to whether grams or ounces are used as the basis. Since about 2000, the international trade has increasingly switched from ounces to grams, primarily because Zurich (Gold Pool Zürich; Zurich Gold Pool) has become the world’s largest market for physical gold. However, the daily price is still determined in ounces on a daily basis in London. – See gold price, gold value.
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