edged closer to US$800 an ounce on Monday, as it struck the highest level since the start of 1980 owing to the weak dollar and. The gold price used in the charts and statistics on this site is the London PM fix. This price is quoted in US dollars. Where the gold price is presented in. The price of gold is determined on the open market, but a procedure known as the Gold Fixing in London, originating in September 1919, provides a daily. The usual benchmark Maya 5 Serial, for the price of gold is known as the London Gold Fixing,. The following table sets out the gold price versus
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