Price of Gold Chart

    The Price of Gold

  • What is the bid price of gold?

    The bid price of gold is the highest current offer to sell to a bullion dealer. When selling gold to a dealer, sellers can expect to be paid the bid price for their gold.

  • What is the ask price of gold?

    The ask price is the current minimum price at which a bullion dealer will sell gold. Dealers will often offer to sell a buyer gold at the current ask price.

  • What influences the price of gold?

    A variety of factors impact the price of gold. These include supply and demand, inflation and deflation, central bank monetary policy, and the performance of stocks and bonds.

  • How often does the price of gold change?

    The spot price of gold can change every few seconds due to breaking news in the gold market, supply and demand, as well as changes in political and economic environments. The gold spot price is consistently updated Sunday to Friday except for the time between 5:15 PM EST and 6:00 PM EST, when the market is closed.

  • How is the price of gold related to the stock market?

    The price of gold tends to exhibit a negative correlation to the stock market. However, there are times during which both gold, stocks, and bonds all perform similarly. In general, gold’s negative correlation to stocks and bonds can make it a diversifying agent in an investment portfolio.

  • What is the gold fixing?

    The gold fixing is the process the London Gold Fixing Company uses to set the price of gold. This price is set twice a day, at 10:30 AM and 3:00 PM GMT. This price is determined by multiple market participants from major financial institutions such as Scotiabank and Deutsche Bank.

  • Spot Price of Gold

  • What is the spot price of gold?

    The spot price of gold is the price at which one ounce of gold can be purchased or sold for instant delivery. The gold spot price is always quoted in troy ounces but can be converted into any measurement in which a person wishes to buy or sell.

  • How is the spot price of gold determined?

    The spot price of gold is calculated using data from futures contracts traded on the COMEX. Gold spot prices are set by several banks, an oversight committee, and a panel of internal and external chair members, who calculate the figures based on supply and demand in the gold futures market. In doing so, they work to establish averages for both the spot price and the fixed price of gold.

  • Can I buy gold at the spot price?

    It is quite difficult to buy gold at the spot price. Although gold spot prices are quoted to represent the price of one ounce of 99.9% gold, most precious metals dealers charge a small premium on gold. This allows the dealer to reap a profit assuming they have purchased the gold for spot price.

  • Gold To Silver Ratio

  • What is the gold/silver ratio?

    The gold/silver ratio refers to the price relationship between gold and silver, the two most commonly traded precious metals. Some investors will use the gold/silver ratio to determine if gold is undervalued or overvalued.

  • Gold/silver ratio history

    The gold-silver ratio has fluctuated in modern times and never remains the same. For hundreds of years the ratio, often set by governments for purposes of monetary stability, was fairly steady, ranging between 12:1 and 15:1.

  • Importance of the gold/silver ratio

    Despite not having a fixed ratio, the gold-silver ratio is still a popular tool for precious metals traders and investors.