5 Ounce Gold Price Today (2024): Price, History and Background

Latest 5 Ounce Gold Price: USD 10,136.50
Last Update: 22 February 2024

This page gives an overview about the 5 ounce gold price today in dollars, chart of daily historical prices, a calculator, gold rates in different countries and more.

  • Gold prices are quoted in troy ounces (often abbreviated as ounces), shortened to t oz.
  • A troy ounce is around 31.1 gram.
  • Gold troy ounces should not be confused with the regular ounce of 28.35 gram. (If weighting gold with a kitchen scale, the kitchen scale ounce of 28.35 gram must be converted to the troy ounce of 31.1 gram. That is, a troy ounce is around 0.91% of a kitchen scale ounce).

What is the price for 5 troy ounce of gold?
The gold rate today for 5 troy ounce of gold is USD 10,136.50.

Check out the price for other weights in ounce: 1/10 oz gold, 1/4 oz gold, 1/2 oz gold, 1 oz gold, 2 oz gold, 3 oz gold, 5 oz gold, 10 oz gold, 100 oz gold, 400 oz gold.

5 Ounce Gold Price Today on 22 February 2024: USD 10,136.50

Women thinking about the 5 ounce gold price.
Women thinking about the 5 ounce gold price.

This gold rate is for pure gold, which is 24 karat, of at least 99.5% of gold, often with 99.9% of gold content (a fineness of 995 or 999).

In Western countries only gold bullion is made with a purity of 24 karat (gold coins and gold bars for investment purposes, with the Krugerrand being the oldest bullion gold coin). Some even with a fineness of 999.9 (e.g. Maple Leaf, Philharmonic coin and the Britannia). Gold jewelry has a much lower gold purity (most popular are 18k, 14k and 10k), as pure gold is too soft making it easy to scratch and bend (see gold properties).

Therefore, the price for five ounce of gold needs to be converted to the actual purity value of the jewelry.

5 Ounce Gold Price: 30-Day-History and Daily Rates

Calculating the 5 ounce gold price.
Calculating the 5 ounce gold price.

Here is an overview of the historical development of the daily 5 ounce gold price of the last 30 days. Gold prices are set from Monday till Friday (similar to the stock market). Therefore, weekends list the price of Friday.

How did the gold price change over the last 30 days?

  • Over the past 30 days, the gold market went from $10061.75 for 5 ounce of gold to $10136.50, which is a change of 0.74%
  • The highest price was $10274.05 for 5 ounce of gold, reached on 01. Feb. 2024
  • The lowest price was $9949.75 for 5 ounce of gold, observed on 14. Feb. 2024

Chart of the 5 ounce gold price of the last 30 days

 

Table with the daily 5 ounce gold price in USD of the last 30 days

DateGold Price
22. Feb. 2024USD 10,136.50
21. Feb. 2024USD 10,127.50
20. Feb. 2024USD 10,130.50
19. Feb. 2024USD 10,084.65
18. Feb. 2024USD 10,067.15
17. Feb. 2024USD 10,067.15
16. Feb. 2024USD 10,064.50
15. Feb. 2024USD 10,025.65
14. Feb. 2024USD 9,949.75
13. Feb. 2024USD 9,960.00
12. Feb. 2024USD 10,095.00
11. Feb. 2024USD 10,122.35
10. Feb. 2024USD 10,122.35
09. Feb. 2024USD 10,122.95
08. Feb. 2024USD 10,160.85
07. Feb. 2024USD 10,176.80
06. Feb. 2024USD 10,179.75
05. Feb. 2024USD 10,132.10
04. Feb. 2024USD 10,194.00
03. Feb. 2024USD 10,194.00
02. Feb. 2024USD 10,192.45
01. Feb. 2024USD 10,274.05
31. Jan. 2024USD 10,230.25
30. Jan. 2024USD 10,183.75
29. Jan. 2024USD 10,136.95
28. Jan. 2024USD 10,093.55
27. Jan. 2024USD 10,093.55
26. Jan. 2024USD 10,088.15
25. Jan. 2024USD 10,091.00
24. Jan. 2024USD 10,061.75

5 Ounce Gold Price from 24 Karat down to 8 Karat

The following table gives you the gold price for five ounce in different purities (karat), which is important if you want to get the value of jewelry:

KaratGold Price
24 karat per 5 ounceUSD 10,136.50
22 karat per 5 ounceUSD 9,291.79
21 karat per 5 ounceUSD 8,869.44
20 karat per 5 ounceUSD 8,447.08
18 karat per 5 ounceUSD 7,602.38
16 karat per 5 ounceUSD 6,757.67
14 karat per 5 ounceUSD 5,912.96
12 karat per 5 ounceUSD 5,068.25
10 karat per 5 ounceUSD 4,223.54
9 karat per 5 ounceUSD 3,801.19
8 karat per 5 ounceUSD 3,378.83

Gold Price Calculator for 5 Ounce and More

If you enter ounce, the value in pure gold will be calculated.
If you enter dollars, the weight of gold will be calculated.




Formula: Calculating the 5 Ounce Gold Price

5 ounce gold jewelry.
5 ounce gold jewelry.
  • The price for gold is quoted in troy ounce, which is around 31.1 gram.
  • The 5 ounce gold price is: gold price * 5
  • Today’s gold price per ounce is USD 2,027.30.
  • 5 ounce of gold is USD 2,027.30 * 5 = USD 10,136.50

Current Market Scenario

Check out the video about what influences the gold price:

Five Ounce Gold Price Today

As of 22 February 2024, the five ounce gold price is USD 10,136.50. This price is subject to fluctuations based on various factors such as supply and demand, economic conditions, and geopolitical events.

Factors Influencing the 5 ounce gold price

The price of 5 ounce of gold is influenced by a multitude of factors. These include the international gold market and the overall economic health. Additionally, factors like mining costs, gold production, and changes in jewelry and industrial demand also play a significant role in determining the gold price trends. 5 troy ounce of gold is USD 10,136.50. This is also written as 5 t oz of gold is USD 10,136.50 or just 5 ounce gold is USD 10,136.50.

Historical Trends in 5 ounce of Gold

Historically, the price of 5 ounce of gold has seen both highs and lows. Over the past decade, gold prices have generally been on an upward trend, with occasional dips. This is largely due to increasing demand, geopolitical tensions, and economic uncertainties. Understanding these historical trends can help in making informed predictions about future gold price trends.

Read more in history of gold and gold investment.

What is 5 Ounce of Gold Worth?

The current price of 5 ounce of gold is USD 10,136.50. This value can fluctuate based on various factors, including market demand, geopolitical events, and economic conditions. It’s essential to note that the price of gold can vary depending on the region or country, and it’s always a good idea to check the most up-to-date pricing.

Prices in Different Countries and Currencies

Go to the respective country pages at the top menu for up to date gold prices and more.

Top countries:

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