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Definition of the gold standard. 1 : a system in which a unit of money (such as the dollar) is equal to a particular amount of gold The United States was still on the gold standard in the early 20th century.
Definition of standard for Students. 1  1 : something set up as a rule for measuring or as a model a standard of weight âThere have to be standards. 2  2 : the personal flag of the ruler of a state. 3  3 : an upright support a lamp standard.  4 : a figure used as a symbol by an organized body of people.