Track gold and silver in USD
Short answer: metal is priced in US dollars per troy ounce. To see it in the US dollar (USD), multiply by the exchange rate; to see it per gram, divide the ounce price by 31.1035. BullionKeeper does both for every holding.
How it works in United States
Spot prices are quoted in US dollars per troy ounce worldwide, so tracking in dollars needs no conversion.
A worked example
Spot: 2,000 US dollars per troy ounce (round number)
Illustrative rate: 1 USD = 1 USD
Price per ounce: 2,000 × 1 = 2,000.00 USD
Price per gram: 2,000.00 ÷ 31.1035 = 64.30 USD
For other prices, use the price per gram calculator.
Why the exchange rate matters to your gain
If you pay in USD, your value moves with both the metal price and the exchange rate. A flat metal price can still change your USD value if the currency moves, so record what you paid in USD and track your gain in the same currency. See how exchange rates affect bullion purchases.
Questions
Why are metal prices quoted in US dollars?+
Wholesale markets settle gold and silver in US dollars per troy ounce, so every other currency price is that figure converted at the current exchange rate.
Can BullionKeeper show my holdings in USD?+
Yes. Spot prices are available in more than 50 currencies including the US dollar, so your portfolio value, cost and gain can be shown in USD.
Are the example numbers real prices?+
No. They use a round price of 2,000 US dollars per ounce and an illustrative exchange rate, to show the arithmetic only.