Gold spot value

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.

BullionVault's Gold Price Chart

Please email us for purchase options. The gold spot price is the current price at any given moment used to determine the rate for a single troy ounce of gold. The gold spot price is dictated by market speculators, world events, currency values and an array of additional factors. Gold spot price serves as the basis for bullion dealers and gold traders to pinpoint the buying and selling price for a specific gold bar or gold coin.

Such prices can be dynamic, changing every few seconds when the markets are open. When you see the price of gold quoted on live gold charts and spot price websites, it is most commonly quoted per troy ounce in American dollars USD.

However, it is also possible to obtain a gold price quote per kilo or gram. Think of the spot price as the price at which gold can be exchanged at the current moment as opposed to yesterday, tomorrow or even a few seconds from now. Gold is a commodity traded across the globe. This price is calculated with data stemming from the front month futures contract. If this contract has minimal volume or no volume, the subsequent delivery month with the greatest volume will be relied upon.

The bid price is the maximum offer to purchase gold at the current moment in time. Ask prices are the minimum offer required to sell at the current time. New Zealand gold merchants typically use the current Ask price when setting selling rates.

The primary difference between these prices is referred to the bid-ask spread. The tighter this spread is, the more liquidity buyers and sellers enjoy. Most of the gold sold around the world comes from a small group of very large mints. Such products are priced at the gold spot price with a markup added on so the maker or mint can make a profit.

However, NZ gold merchants must also turn a profit to keep the doors open. The dealer marks up the product higher than the initial purchase price to cover overhead costs and allow for a profit margin.

Most New Zealand gold dealers and refineries purchase gold below the gold spot price and sell above the gold spot price when a buyer comes around in order to make a small profit on every transaction. All gold is quoted in this currency. In our case we price gold spot prices in New Zealand Dollars NZD as this is more helpful given exchange rates have a big impact on buying and selling rates.

The price for a single ounce of gold is the same regardless of your position on the globe. This way, people cannot purchase gold in one location and sell it in another for profit simply based on geographical price differences.

Gold prices are transparent, liquid and gold bullion is globally tradeable. The world gold spot price is converted to local currencies to provide market participants the price of a single troy ounce of. Gold is a commodity with dynamic price discovery. Take a look at the price of gold throughout the week or even throughout the day and you will notice changes, sometimes significant, in short periods of time. The price of gold can move rapidly when there are periods of high volatility.

Considered over the long-term, Gold has minimal price movement when there is low volatility. All sorts of different factors can alter the price of gold. Such issues include supply and demand, inflation risks, asset allocations, geopolitical issues and currency fluctuations. In our opinion, no. Gold is a comparably conservative investment. Plenty of investors consider gold to be a safe haven of sorts as it typically maintains its value or increases in value during times of economic and political uncertainty.

Gold tends to retain its value as it has considerable utility. Gold is used for a number of industrial and commercial products. Every investment has risks and you should make your own decisions based on your risk profile and reasons for investing in gold. Gold trades around the clock as people are willing to buy and sell at just about every hour of the day and night. Furthermore, precious metals refineries, large gold mints, gold traders and bullion distributors, are located across the globe in different time zones.

Gold prices change every couple of seconds when the market is open. The price of this precious metal fluctuates across the entirety of the day in accordance with supply and demand, current events and additional factors. Gold typically does the opposite of the stock market as investors have historically parked their money in this precious metal during times of economic and political uncertainty.

Yet there is no guarantee gold will go in the opposite direction of stocks. It is certainly possible the two will begin to rise and fall in unison at some point in the future. Anyone claiming to know what precious metals prices will do in the future needs to be treated with caution as no one knows what the future holds for gold and silver prices.

Market sentiment, world events, volatility and market cycles fear and greed also play a part in changing gold prices. Though some conspiracy theories claim the gold market is manipulated, the truth is this market is perfectly legitimate.

This is not to say the gold market will not be manipulated at some point in the future. However, the Securities and Exchange Commission and other governing bodies have determined the gold market is fair and legitimate.

There are a couple advantages to buying gold locally as opposed to relying on an overseas dealer. Foreign dealers may have lower premiums, however you need to factor in the added risk of buying from an overseas company, shipping, insurance and the recourse available to you as a consumer in a different country. Buying from a local dealer means you can meet with the people behind the company, conduct your due-diligence, take direct delivery of your gold and have the added assurance afforded to New Zealanders under the Consumer Guarantees Act CGA and Fair Trading Act FTA.

At MyGold we have lower overheads than traditional brick-and-mortar shops, allowing us to offer low prices as we do not have to pay for a storefront, cashiers, large offices and other common expenses that just add to the cost of buying gold bullion in New Zealand. Dealers decide their own prices and some claim to offer fixed markups on some products — each dealer is different and there are a few variables between suppliers.

Dealers ultimately determine if the gold item's scarcity, condition, manufacturer and other features justify a markup. However, some items such as gold bars can be sold by precious metals dealers for a considerable amount of money above the gold spot price. At MyGold we have various price break-points depending on the product, quantities, availability, minting and inventory.

Each order is considered unique to a customer and their specific requirements. If you are simply trying to collect as much gold and other precious metals as you can, gold bullion coins and gold bars are your best option. If your strategy is to buy gold at the lowest possible price, gold bars are likely the most cost-efficient means of purchasing gold bullion. Gold bars typically have lower premiums than gold coins as they do not have face value, are not collectible, are easier to manufacture and may not have government mint support.

Gold bullion products will always be marked up as it takes time, effort and space to acquire and sell gold. These overhead costs are built into the gold bullion sale price. As a result, the price of gold bullion is always greater than the gold spot price.

Furthermore, some gold items are bought and sold based on their desirability as collectibles. An array of additional factors also play a part in the price of gold bullion. Everything from the gold's condition to the type minted, the number minted and the manner in which they were minted matters a great deal. Precious metals dealers have a number of procedures in place to lock in an exact price on gold products in accordance with existing price levels.

Such procedures differ quite dramatically from one precious metals dealer to the next. To lock prices with MyGold, you will be required to complete full payment within the time specified in your purchase order. There is a brief window of time to lock rates as gold prices and foreign exchange rates are constantly moving. This window can close in as little as minutes as the price of gold is quite dynamic.

A coin's face value means it is considered to be legal tender respected throughout that particular country. Gold coins can be used to buy items similar to cash. However, gold coins are rarely used to buy anything. Rather, investors keep their gold for its beauty, collectability and potential increase in value as opposed to its face value. Physical gold is available through MyGold — please contact the friendly team today to discuss your investment requirements.

Gold bullion is sold in the form of bars, rounds and coins. Gold coins and gold minted bars are unique compared to the other types of gold bullion as they are typically backed by government mints and have a face value based on the country where they originated.

The answer to this question depends on the type of gold and silver you purchase. As noted above, some precious metals investments are tangible while others are intangible. Most people have a safe, vault or another secure space to store their gold, silver and other precious metals. Other Gold Price Questions. What is 'gold spot price'? What is the gold price quoting exactly? How are gold spot prices determined? What are Bid and Ask prices?

What currency is the spot gold price quoted in? Is the price of gold the same all over the world? What currency is the gold price quoted in? The price of gold seems to be volatile — what affects and causes change in gold prices? Is gold a risky investment? Why does gold trade effectively 24 hours a day? How often do gold prices change? Does the price of gold go up if the stock market goes down? Is the gold market manipulated? Am I better off buying from a local gold dealer?

Gold Price per Gram. Gold Price per Kilo.

This is because the spot price of gold is changing every few seconds as the precious metal is traded. Current gold prices are typically measured in dollars per oz. Keep in mind that the gold price per ounce is expressed in troy ounces, not standard avoirdupois AVP ounces that are used in almost all other situations. Some people are not familiar with the notion that precious metal spot prices prices are largely determined by trading on the futures market. As hedgers and speculators enter into futures contracts, the balance of long buy and short sell positions moves the price of these contracts.

Spot gold gained by 0. Read on.

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.

Gold Spot Price & Charts

Interactive chart of historical data for real inflation-adjusted gold prices per ounce back to The current month is updated on an hourly basis with today's latest value. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. If you use our chart images on your site or blog, we ask that you provide attribution via a link back to this page. We have provided a few examples below that you can copy and paste to your site:.

Gold Spot Price (XAU)

Please email us for purchase options. The gold spot price is the current price at any given moment used to determine the rate for a single troy ounce of gold. The gold spot price is dictated by market speculators, world events, currency values and an array of additional factors. Gold spot price serves as the basis for bullion dealers and gold traders to pinpoint the buying and selling price for a specific gold bar or gold coin. Such prices can be dynamic, changing every few seconds when the markets are open. When you see the price of gold quoted on live gold charts and spot price websites, it is most commonly quoted per troy ounce in American dollars USD. However, it is also possible to obtain a gold price quote per kilo or gram. Think of the spot price as the price at which gold can be exchanged at the current moment as opposed to yesterday, tomorrow or even a few seconds from now. Gold is a commodity traded across the globe.

Like all ChartIQ markers, the object itself is managed by the chart, so when you scroll the chart the object moves with you.

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.

Gold Prices - 100 Year Historical Chart

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. However, gold is used most frequently in the jewelry industry. This line of business accounts for around 75 per cent of the gold worked. Apart from the Antarctic, where mining is not allowed due to international regulations, the precious metal is mined on all continents. With a market share of 16 per cent, South Africa is the most important producer of gold.

Gold Spot Price

America's trusted name in coin and bullion trading for 50 years. If you have difficulty reaching your Monex account representative, please email us at info monex. Of all the precious metals, gold is perhaps one of the most widely known. Throughout everyday life, we see examples of people assimilating the idea that gold is tied to wealth. However, precious metals investors know that owning gold can go much further than just having a gold watch or a gold chain. Investors who choose to add this rare, beautiful metal to their portfolio understand not just the value of its popularity, but also its value as an investment. However, you will also find that it is mentioned as a commodity used to back the value of a currency. This, along with various other reasons are why investors look to add gold to their portfolios. Gold is unique. When we think of gold we often have thoughts of rare metals, beautiful jewelry, and of course, money.