The price of the precious metal reached $500 per ounce Yesterday, on world trading floors, the price per ounce of gold crossed the coveted mark of $500. In the morning in Asia, gold quotes on the spot market reached $502.30 per troy ounce. However, in London, gold was already trading at $497.20, dropping during trading to $495.9. When the New York Stock Exchange opened, the spot price fell by $2.5 compared to the previous day’s value, to $495.80.