USD $4,619.30 −0.41% US Dollar, 4,619.30 per Troy Ounce, Down 0.41 percent today
EUR €3,958.31 −0.41% Euro, 3,958.31 per Troy Ounce, Down 0.41 percent today
GBP £3,386.23 −0.41% British Pound, 3,386.23 per Troy Ounce, Down 0.41 percent today
AED د.إ16,964.38 −0.41% UAE Dirham, 16,964.38 per Troy Ounce, Down 0.41 percent today
SAR ﷼17,322.37 −0.41% Saudi Riyal, 17,322.37 per Troy Ounce, Down 0.41 percent today
INR ₹440,809 −0.41% Indian Rupee, 440,809 per Troy Ounce, Down 0.41 percent today
PKR ₨1,281,975 −0.41% Pakistani Rupee, 1,281,975 per Troy Ounce, Down 0.41 percent today
JPY ¥735,608 −0.41% Japanese Yen, 735,608 per Troy Ounce, Down 0.41 percent today
CNY ¥31,120.28 −0.41% Chinese Yuan, 31,120.28 per Troy Ounce, Down 0.41 percent today
AUD A$6,452.93 −0.41% Australian Dollar, 6,452.93 per Troy Ounce, Down 0.41 percent today
CAD C$6,392.94 −0.41% Canadian Dollar, 6,392.94 per Troy Ounce, Down 0.41 percent today
CHF CHF3,705.59 −0.41% Swiss Franc, 3,705.59 per Troy Ounce, Down 0.41 percent today
TRY ₺222,227 −0.41% Turkish Lira, 222,227 per Troy Ounce, Down 0.41 percent today

USD $4,619.30 −0.41% US Dollar, 4,619.30 per Troy Ounce, Down 0.41 percent today
EUR €3,958.31 −0.41% Euro, 3,958.31 per Troy Ounce, Down 0.41 percent today
GBP £3,386.23 −0.41% British Pound, 3,386.23 per Troy Ounce, Down 0.41 percent today
AED د.إ16,964.38 −0.41% UAE Dirham, 16,964.38 per Troy Ounce, Down 0.41 percent today
SAR ﷼17,322.37 −0.41% Saudi Riyal, 17,322.37 per Troy Ounce, Down 0.41 percent today
INR ₹440,809 −0.41% Indian Rupee, 440,809 per Troy Ounce, Down 0.41 percent today
PKR ₨1,281,975 −0.41% Pakistani Rupee, 1,281,975 per Troy Ounce, Down 0.41 percent today
JPY ¥735,608 −0.41% Japanese Yen, 735,608 per Troy Ounce, Down 0.41 percent today
CNY ¥31,120.28 −0.41% Chinese Yuan, 31,120.28 per Troy Ounce, Down 0.41 percent today
AUD A$6,452.93 −0.41% Australian Dollar, 6,452.93 per Troy Ounce, Down 0.41 percent today
CAD C$6,392.94 −0.41% Canadian Dollar, 6,392.94 per Troy Ounce, Down 0.41 percent today
CHF CHF3,705.59 −0.41% Swiss Franc, 3,705.59 per Troy Ounce, Down 0.41 percent today
TRY ₺222,227 −0.41% Turkish Lira, 222,227 per Troy Ounce, Down 0.41 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.