Spot price of gold
African Rand www. This is a classification of specific metals that are considered rare and have a higher economic value compared to other metals. There are five main precious metals openly traded on various exchanges, gold is the biggest market. Gold is sometimes referred to as monetary metals as it has historical uses as a currency and is seen as a store of value.
Gold Spot Price & Charts
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.
The spot price of Gold per Troy Ounce and the date and time of the price is shown below the calculator. If your browser is configured to accept Cookies you will see a button at the bottom of the Holdings Calculator. Pressing the button will place a cookie on your machine containing the information you entered into the Holdings Calculator.
When you return to goldprice. Share this spot gold price or spot silver price chart by adding the html code on the gold price charts for your websites page. You may modify the html code as long as a text link to goldprice. This page displays charts of the current price of gold, otherwise known as the spot gold price.
The spot gold price refers to the price at which gold may be bought and sold right now, as opposed to a date in the future. The spot price for gold is in a constant state of flux, and can be driven by many different factors.
The spot gold price can refer to the current price of gold per ounce , gram or kilo. Typically, however, spot gold is quoted in price per ounce using U. Quotes are also available depicting the spot gold price in other currencies as well. Spot gold price charts can be useful for identifying trends in the gold market, or for looking for areas of support and resistance to buy or sell at. Charts can be viewed using multiple timeframes depending on your objectives. A long-term gold investor will likely be most concerned with weekly, monthly and yearly charts while a short-term hedger may be more concerned with daily, hourly or even 5 minute charts.
The simplest answer is the law of supply and demand. If buyers are trying to buy gold, sellers may lift prices causing buyers to bid higher. On the other hand, if sellers are overwhelming buyers, those looking to acquire gold may bid lower, thus driving prices down in the process.
The actual spot price of gold is derived from the nearest month gold futures contract with the most volume. This could be the nearest month, or front month, or it could be a month or two out on the time horizon. Gold is not only bought as an investment, but it is also bought for use in other areas such as industry and jewelry making. The potential influences on the spot price are extensive, but the following list names some of the major ones:.
Gold can potentially see stronger investment demand during periods of economic or geopolitical stress.
For example, spot gold may potentially move higher during times of war or geopolitical unrest. From an economic standpoint, gold may potentially see increased buying from a stock market collapse or bear market. Interest rates and monetary policy can also have a significant effect on the spot gold price. Gold may potentially benefit during periods of ultra-low interest rates, as low rates make the opportunity cost of holding gold less. On the other hand, gold may potentially come under pressure as interest rates rise, due to the fact that gold does not offer any dividend or interest for holding it.
Currency markets are another major driver of the spot gold price. Although gold is traded all over the globe, it is often denominated in dollars. As the dollar rises, it makes gold relatively more expensive for foreign buyers and may potentially cause declines in the spot price.
On the other hand, a weaker dollar may potentially make gold relatively less expensive for foreign investors, and can potentially cause spot gold prices to rise. Gold is traded and used all over the world for investment purposes, jewelry making and as a medium of exchange. Because an ounce of gold is the same whether it is in the U. Of course, differing currency values can have an effect on gold as well, and dealer premiums can also vary. Using the spot price of gold, the yellow metal can be bought anywhere using any currency.
Gold is traded all over the world, and thus its price is always on the move. Some of the major hubs for gold trading include the U. The spot gold market is essentially always open, as markets follow the sun. Keep in mind that gold is typically bought for a premium over spot and sold at a discount to spot. Gold Price Group N. View Spot Gold Prices at the No. Calculators Calculator options. Real Time Prices.
Historical Closes. Pick a Date and Click. Current Gold Holdings Amount. Weight Ounce Gram Kilogram. Current Price. Current Value. Future Gold Price. Future Gold Value. Current Silver Holdings Amount. Future Silver Price. Future Silver Value. Wealth Summary. Future Value. Save the values of the calculator to a cookie on your computer. Note: Please wait 60 seconds for updates to the calculators to apply.
Display the values of the calculator in page header for quick reference. Display total in header bar. The Holdings Calculator permits you to calculate the current value of your gold and silver. Enter a number Amount in the left text field. Select Ounce, Gram or Kilogram for the weight. Select a Currency. NOTE: You must select a currency for gold first, even if you don't enter a value for gold holdings.
If you wish to select a currency other than USD for the Silver holdings calculator. A range of other useful gold and silver calculators can be found on our Calculators page Gold Price Calculators. Best Gold Price. Buy Gold in USA. Buy Gold in UK. Buy Gold in Canada. Product Details 1 Gram Gold Bar.
Spot Gold. What Determines the Spot Gold Price? World Gold Prices. Gold Price USA. Gold Price Europe. Gold Price Argentina. Gold Price Australia. Gold Price Bahrain. Gold Price Brazil. Gold Price Canada. Gold Price China. Gold Price Colombia. Gold Price Croatia. Gold Price Denmark. Gold Price Egypt. Gold Price Hong Kong. Gold Price Hungary. Gold Price India. Gold Price Indonesia.
Gold Price Israel. Gold Price Japan. Gold Price Jordan. Gold Price Kuwait.
Gold Price per Gram. Gold Price per Kilo.
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.
Spot gold gained by 0. Read on.
The current price per unit of weight and currency will be displayed on the right. The Current Value for the amount entered is shown.
Gold Price Today
Close 1, Because of its physical properties, it is resistant to air, moisture, heat and many solvents. Gold also has a high density. Gold is regarded as a secure investment and is very popular as a means of coverage in times of crisis. Its high value and its rarity and uniqueness make gold a secure financial investment which also withstands inflation. Gold was extracted in Egypt as early as B.
BullionVault's Gold Price Chart
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.
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