Bitcoin vs Gold
How much gold can one Bitcoin buy?
Bitcoin’s price measured in gold instead of dollars, month by month.
Troy ounces of gold one Bitcoin buys
Bitcoin’s average price each month divided by the price of one troy ounce of gold. A higher line means one Bitcoin buys more gold.
Grams of gold one Bitcoin buys
The same line counted in grams, for anyone who thinks in grams rather than troy ounces. One troy ounce is 31.1 grams.
The price of gold and the price of Bitcoin, in dollars
Monthly average prices in US dollars since 2010. Gold’s prices are on the scale beside the chart, and Bitcoin is the white line, with its prices on the far right. Each line has its own scale, so the chart shows when each rose or fell, not by how much. Bitcoin’s moves were far bigger.
Right now
One Bitcoin buys 20.01 troy ounces of gold.
Based on average prices in Oct 2026.
Grams of gold per Bitcoin
622 grams
Gold price
$4,105 per troy ounce
Bitcoin’s average price
$82,132
Changes in how these figures are measured
- In June 2025 the official gold price changed how it is set: each day’s price is now halfway between that day’s highest and lowest price. Earlier months were not reworked the new way, so a small jump in June 2025 may come from the new method rather than from gold itself.
Understanding
Bitcoin vs Gold
One Bitcoin buys 20.01 troy ounces of gold as of .
One Bitcoin averaged $82,132 as of .
Why measure Bitcoin in gold?
A price in dollars mixes two things: what Bitcoin did and what the dollar did. The dollar loses value as prices rise, so part of any rise in Bitcoin’s dollar price is the dollar shrinking. Gold has been used to store wealth for thousands of years, so pricing Bitcoin in gold compares the two directly, with the dollar taken out.
What does a rising line mean?
A rising line means one Bitcoin buys more gold than before, so Bitcoin has gained on gold. A falling line means gold has gained on Bitcoin, even in years when both went up in dollars.
How is it worked out?
For each month, Bitcoin’s average daily closing price is divided by that month’s average gold price. The result is how many troy ounces of gold one Bitcoin would have bought. A troy ounce, the unit gold is priced in, is 31.1034768 grams.
What does it not tell you?
It compares two prices. It does not say why either one moved, or where either will go next.
Keep exploring
Source: Maketo, World Bank, Commodity Price Data (The Pink Sheet), CC BY 4.0.