Wow, I never thought it would go this high. I found a gold pendant in the shape of a teddy bear at a water park in NY, and it was 10k. It's worth about $200, since the price of 10k gold is about $50 per gram. The reason that gold prices have skyrocketed is because the US dollar is slowly weakening and people are in anticipation of a recession, probably because of the tariffs that have been recently implemented.