Gold spot price today
Spot gold gained by 0. Read on. The spot gold price in British Pounds updates live on this chart. It tracks the spot price for gold bullion settled in the UK, which is the global benchmark for valuing gold deals made around the world today.
Gold Price Today
Spot gold gained by 0. Read on. The spot gold price in British Pounds updates live on this chart. It tracks the spot price for gold bullion settled in the UK, which is the global benchmark for valuing gold deals made around the world today. Where does the live spot gold rate on this chart come from? Today's spot price is the average gold rate being quoted by bullion dealers in the wholesale market.
They trade large gold bars for settlement at current values, rather than in the future from now. By convention, these dealers quote spot prices for gold stored in London — heart of the world's wholesale market. Different locations, such as New York, Singapore or Zurich, are then priced at a premium or discount to that UK spot rate. Most importantly, each spot-market dealer quotes their own rates to buy gold or sell it, and each deal is done directly with one client at a time, one on one. So unlike a share price on the stock market, this live, ever-changing gold price is not created by an official exchange or electronic trading system such as the UK's London Stock Exchange or the Tokyo Stock Exchange TSE.
Instead, the spot gold price is in fact a blend of different gold prices quoted by thousands of bullion-bank dealers working around the world. None of these banks will necessarily deal at the spot gold price you see on the chart above although they will all herd around it, watching each other's quotes to make sure they stay competitive. There are also many subtly different versions of the UK spot gold price, each one built from a different mix of quoted gold rates and data feeds.
BullionVault's gold price chart, for example, takes data from multiple sources covering hundreds of physical gold dealers worldwide. It also shows you the average mid-point of their spot quotes to buy or to sell gold. So this market-leading chart is only a guide. It doesn't show you an exact price or value for gold.
No spot gold chart does. In this OTC market, each gold buyer and seller works directly with the other, and each individual deal — often still agreed over the telephone — sets a unique gold price and quantity.
Electronic trading exchanges show your order to everyone else using that platform, and your deal is cleared by the company running the exchange. This means that it accepts the shares from the seller, and it transfers them to the buyer.
The exchange also guarantees to transfer shares to the buyer, and pay money to the seller, even if the other party fails to deliver. Spot gold trading is different. It sees the buyer and seller first research each other's credit and financial standing, signing an agreement to do business. Each deal is then a private trade between themselves. Nothing is standardized in this spot gold market besides the high quality of the Good Delivery gold bars that change hands.
So as a result, the world's gold dealers also lack a single, market-wide spot price. It offers a single UK gold value twice a day. This 'fixing' price is found by gathering together client orders from across the market. Using the current spot gold price as a starting point, different gold values are then tried — higher or lower — looking for the rate where the total current demand to buy gold at this 'fixing' auction meets the supply now for sale.
Private investors like you can now access this gold market direct, buying and selling at the UK gold benchmark through BullionVault. Or trade live at current spot gold prices using our award-winning Order Board online. Opening an account is free, takes less than a minute, and gives you the ability to begin trading immediately with the free bullion we provide at registration.
We use cookies to remember your site preferences, record your referrer and improve the performance of our site. For more information, see our cookie policy. Stay logged in. Gold Spot Price. Why spot gold rates differ from other market prices Most importantly, each spot-market dealer quotes their own rates to buy gold or sell it, and each deal is done directly with one client at a time, one on one. Why isn't there a single spot gold price? Chart FAQ. Why do the prices quoted on BullionVault change over the weekend, when the chart doesn't?
This chart is a live feed of the spot price in the wholesale market. It closes over the weekend and public holidays. BullionVault on the other hand never shuts. It allows you to trade 24 hours a day, every day of the year. Can I get an alert if the market moves significantly? Set a custom gold price alert to be emailed whenever the gold price moves through your chosen value. Alternatively, follow our Tweets to be alerted whenever the gold price moves by a particular amount.
BullionVault gives private investors around the world access to the professional bullion markets. You can benefit from the lowest costs for buying, selling and storing, starting from 1 gram at a time — just a fraction of one ounce. Calculate commission and storage fees using our cost calculator.
London is the heart of the worlds physical gold market. Twice a day, its biggest bullion banks agree a price to clear their outstanding order, and the London Bullion Market Association publishes that price on its website. The price is determined on UK working weekdays at 3pm London time for gold mid-day for silver, 2pm for platinum. The prices are made public at midnight. Orders are processed shortly after the price is determined using a provisional, estimated price, and then adjusted to the published price on the following working day.
Place your order for gold by pm am for silver, pm for platinum. Ordering at the Daily Price is an easy way to buy and sell. Tell us how much you want to trade and well do the rest for you. The actual bullion and cash normally takes two working days to settle to your account. For a purchase, your funds stay in your account and are reserved until the bullion is settled. Likewise for a sale, the bullion you are selling is reserved in your account until you receive the cash, typically after two working days.
Open orders are only executed on days when an appropriate gold price is published. How does BullionVault determine a price per kg for the Daily Price? On BullionVault you place orders in kilograms. We convert the as-published price of gold per ounce to a price of gold per kg and round up to the nearest Dollar, Euro and Pound.
We use the same gold price per kg for buying and for selling with no spread. How can I understand what influences and impacts the gold price on a regular basis? Additionally, once you open a BullionVault account you can opt-in to receive the Weekly Market Update. This weekly email explores and discusses current movements in the silver, platinum and gold prices and the reasons behind them. You can monitor the current price of gold today by changing the chart scale to 10 minutes, 1 hour, 6 hours or 1 day.
You can also keep track of the gold price on your iPhone or Android device with the BullionVault App. Open an account today. Please select an option below and 'Save' your preferences. No cookies. Without any cookies our websites can't remember your site preferences currency, weight units, markets, referrer, etc.
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Gold Prices Per Gram. Gold Prices Per Kilo.
As of this posting, the spot price in the menu bar above reflects the price at which we can hedge and therefore the price upon which we base pricing for our coin and bullion products. OOD is now open again for orders. We are also taking orders by telephone. Interested in gold but struggling to find the right firm?
View our gold price charts quickly, access the data you need, and find out about the different factors which can affect the price of gold.
The current price per unit of weight and currency will be displayed on the right. The Current Value for the amount entered is shown. Totals for Gold and Silver holdings including the ratio percent of gold versus silver will be calculated.
FastMarkets
Gold was extracted in Egypt as early as B. This shows that people have always been fascinated by gold and by its rarity, durability and beauty. Because of its properties, gold is also one of the most important industrial raw materials. The yellow precious metal is easily workable and conducts electricity and heat. Because of its excellent conductivity, gold is used particularly in the electrical industry. Gold has also been used in dental technology for around years.
Gold Spot Price & Charts
By creating an account, you are agreeing to the Terms of Service and the Privacy Policy. To the right are live gold spot prices per troy ounce, gram, and kilogram. You can also see hour trends for each weight. Share live gold prices with your website followers or on your blog, using our free gold price widget. To get started, please select one of the size dimensions from the drop-down menu below, and copy the code from the Widget Code text box and paste it into the desired position in your page. If you have any trouble, please contact us at support jmbullion. The spot price of gold is the most common standard used to gauge the going rate for a troy ounce of gold. The price is driven by speculation in the markets, currency values, current events, and many other factors. Gold spot price is used as the basis for most bullion dealers to determine the exact price to charge for a specific coin or bar. These prices are calculated in troy ounces and change every couple of seconds during market hours.
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African Rand www. This is a classification of specific metals that are considered rare and have a higher economic value compared to other metals.
UK Gold Price Today
JavaScript seems to be disabled in your browser. For the best experience on our site, be sure to turn on Javascript in your browser. View the live gold spot price per troy ounce, gram, and kilogram. You can also see the hour price trend for each weight. Below, you'll find an interactive live gold price chart with historical pricing as well as various historic long term gold price charts. Check this box to agree to the shipping date disclaimer. I understand this product is a delayed shipping item and my entire order containing this product will not ship before:. On this gold spot price page, you can find the live gold price in US dollars as well its 21st Century performance versus other currencies. As well you will find many unique long term gold price charts depicting gold price trends over time. Not only do we provide the live gold spot price, but we also offer a full hour price chart to help make faster investment decisions.
BullionVault's Gold Price Chart
Spot gold gained by 0. Read on. BullionVault's gold price chart shows you the current price of gold in the professional gold bullion market. You can then use those real-time spot prices to place an order using BullionVault's live order board. We give you the fastest updates online, with the live gold price data processed about every 10 seconds. There is no need to refresh your browser. This chart also gives you up to 20 years of historical data, so you can see the long-term trend. Live and historic data is available in seven different currencies.
