Normalize gold prices from different markets into one comparable USD-per-troy-ounce basis. This avoids comparing currencies, units or quotation conventions directly.
Each market quote is converted into USD per troy ounce using the unit and exchange rate supplied for that row. The normalized prices can then be ranked directly.
Gold may be quoted in different currencies, mass units and purity standards. Unit normalization is therefore a prerequisite for a meaningful price comparison.
A lower normalized market quote may not be cheaper for a particular buyer once shipping, taxes, dealer margins, liquidity or restrictions are considered.
Any currency, provided the FX input represents local-currency units per USD.
Yes. The calculator supports price units of USD/oz, local/oz, local/gram and local/kg.
Yes.