USD $4,287.90 −1.73% US Dollar, 4,287.90 per Troy Ounce, Down 1.73 percent today
EUR €3,711.98 −1.73% Euro, 3,711.98 per Troy Ounce, Down 1.73 percent today
GBP £3,177.18 −1.73% British Pound, 3,177.18 per Troy Ounce, Down 1.73 percent today
AED د.إ15,747.31 −1.73% UAE Dirham, 15,747.31 per Troy Ounce, Down 1.73 percent today
SAR ﷼16,079.62 −1.73% Saudi Riyal, 16,079.62 per Troy Ounce, Down 1.73 percent today
INR ₹410,243 −1.73% Indian Rupee, 410,243 per Troy Ounce, Down 1.73 percent today
PKR ₨1,190,996 −1.73% Pakistani Rupee, 1,190,996 per Troy Ounce, Down 1.73 percent today
JPY ¥662,005 −1.73% Japanese Yen, 662,005 per Troy Ounce, Down 1.73 percent today
CNY ¥28,836.98 −1.73% Chinese Yuan, 28,836.98 per Troy Ounce, Down 1.73 percent today
AUD A$6,010.03 −1.73% Australian Dollar, 6,010.03 per Troy Ounce, Down 1.73 percent today
CAD C$5,959.99 −1.73% Canadian Dollar, 5,959.99 per Troy Ounce, Down 1.73 percent today
CHF CHF3,505.13 −1.73% Swiss Franc, 3,505.13 per Troy Ounce, Down 1.73 percent today
TRY ₺208,550 −1.73% Turkish Lira, 208,550 per Troy Ounce, Down 1.73 percent today

USD $4,287.90 −1.73% US Dollar, 4,287.90 per Troy Ounce, Down 1.73 percent today
EUR €3,711.98 −1.73% Euro, 3,711.98 per Troy Ounce, Down 1.73 percent today
GBP £3,177.18 −1.73% British Pound, 3,177.18 per Troy Ounce, Down 1.73 percent today
AED د.إ15,747.31 −1.73% UAE Dirham, 15,747.31 per Troy Ounce, Down 1.73 percent today
SAR ﷼16,079.62 −1.73% Saudi Riyal, 16,079.62 per Troy Ounce, Down 1.73 percent today
INR ₹410,243 −1.73% Indian Rupee, 410,243 per Troy Ounce, Down 1.73 percent today
PKR ₨1,190,996 −1.73% Pakistani Rupee, 1,190,996 per Troy Ounce, Down 1.73 percent today
JPY ¥662,005 −1.73% Japanese Yen, 662,005 per Troy Ounce, Down 1.73 percent today
CNY ¥28,836.98 −1.73% Chinese Yuan, 28,836.98 per Troy Ounce, Down 1.73 percent today
AUD A$6,010.03 −1.73% Australian Dollar, 6,010.03 per Troy Ounce, Down 1.73 percent today
CAD C$5,959.99 −1.73% Canadian Dollar, 5,959.99 per Troy Ounce, Down 1.73 percent today
CHF CHF3,505.13 −1.73% Swiss Franc, 3,505.13 per Troy Ounce, Down 1.73 percent today
TRY ₺208,550 −1.73% Turkish Lira, 208,550 per Troy Ounce, Down 1.73 percent today

Tagged: economic policy

Analysis 26 Aug 2026 4 min read

The Gold Standard: History and Why It Ended

The gold standard linked currencies to gold for centuries, but its rigidity led to its abandonment in favour of fiat money.