USD $4,128.00 −0.82% US Dollar, 4,128.00 per Troy Ounce, Down 0.82 percent today
EUR €3,669.34 −0.82% Euro, 3,669.34 per Troy Ounce, Down 0.82 percent today
GBP £3,119.64 −0.82% British Pound, 3,119.64 per Troy Ounce, Down 0.82 percent today
AED د.إ15,160.08 −0.82% UAE Dirham, 15,160.08 per Troy Ounce, Down 0.82 percent today
SAR ﷼15,480.00 −0.82% Saudi Riyal, 15,480.00 per Troy Ounce, Down 0.82 percent today
INR ₹397,942 −0.82% Indian Rupee, 397,942 per Troy Ounce, Down 0.82 percent today
PKR ₨1,145,488 −0.82% Pakistani Rupee, 1,145,488 per Troy Ounce, Down 0.82 percent today
JPY ¥651,111 −0.82% Japanese Yen, 651,111 per Troy Ounce, Down 0.82 percent today
CNY ¥27,700.38 −0.82% Chinese Yuan, 27,700.38 per Troy Ounce, Down 0.82 percent today
AUD A$5,941.30 −0.82% Australian Dollar, 5,941.30 per Troy Ounce, Down 0.82 percent today
CAD C$5,881.66 −0.82% Canadian Dollar, 5,881.66 per Troy Ounce, Down 0.82 percent today
CHF CHF3,419.69 −0.82% Swiss Franc, 3,419.69 per Troy Ounce, Down 0.82 percent today
TRY ₺202,940 −0.82% Turkish Lira, 202,940 per Troy Ounce, Down 0.82 percent today

USD $4,128.00 −0.82% US Dollar, 4,128.00 per Troy Ounce, Down 0.82 percent today
EUR €3,669.34 −0.82% Euro, 3,669.34 per Troy Ounce, Down 0.82 percent today
GBP £3,119.64 −0.82% British Pound, 3,119.64 per Troy Ounce, Down 0.82 percent today
AED د.إ15,160.08 −0.82% UAE Dirham, 15,160.08 per Troy Ounce, Down 0.82 percent today
SAR ﷼15,480.00 −0.82% Saudi Riyal, 15,480.00 per Troy Ounce, Down 0.82 percent today
INR ₹397,942 −0.82% Indian Rupee, 397,942 per Troy Ounce, Down 0.82 percent today
PKR ₨1,145,488 −0.82% Pakistani Rupee, 1,145,488 per Troy Ounce, Down 0.82 percent today
JPY ¥651,111 −0.82% Japanese Yen, 651,111 per Troy Ounce, Down 0.82 percent today
CNY ¥27,700.38 −0.82% Chinese Yuan, 27,700.38 per Troy Ounce, Down 0.82 percent today
AUD A$5,941.30 −0.82% Australian Dollar, 5,941.30 per Troy Ounce, Down 0.82 percent today
CAD C$5,881.66 −0.82% Canadian Dollar, 5,881.66 per Troy Ounce, Down 0.82 percent today
CHF CHF3,419.69 −0.82% Swiss Franc, 3,419.69 per Troy Ounce, Down 0.82 percent today
TRY ₺202,940 −0.82% Turkish Lira, 202,940 per Troy Ounce, Down 0.82 percent today

Tagged: fiat currency

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.