Gold prices have quadrupled over the last decade. Recently, the price of one ounce of gold peaked at $5,600 on January 29 before dropping just below $5,000. Investors trust gold as a safe choice during uncertain economic and political times. Gold's value depends on its weight and purity. Weight is measured in troy ounces, where one troy ounce equals 31.1035 grams. At $5,000 per troy ounce, one gram of gold is worth about $160. A large 400-troy-ounce gold bar costs around $2 million. Purity is measured in karats. Pure gold is 24 karats or 99.9% pure. Lower karats mean gold is mixed with other metals. For example, 18K gold is 75% pure. Jewellers stamp the karat value on gold items, like 24K or 750 for 18K. Gold’s price in each country is based on the global spot market in US dollars, then adjusted with local currency rates, making, distribution charges, plus taxes and import duties. India adds 3% GST on gold, unlike the UK or UAE, which have no taxes on gold investments. Different countries mint unique gold coins, such as the US Gold Eagle, China’s Gold Panda, and South Africa’s Krugerrand. The United States holds the largest official gold reserves with 8,133 tonnes. Germany is second with 3,350 tonnes, followed by Italy with 2,451 tonnes. Combined, these nations keep a huge share of the world’s gold stockpile. Gold remains a strong investment choice, especially when markets are shaky and political tensions rise.