This page shows graphs of the current Gold Spot Price, which refers to the price at which gold can be bought and sold at this time, as opposed to a future date. The Gold Spot Price is in a constant state of change and can be driven by many different factors. The Gold Spot Price can refer to the current price of gold per ounce, gram or kilo. However, spot gold is generally priced per ounce using the U.S. UU.
There are also quotes available that represent the spot price of gold in other currencies. Spot charts of the price of gold can be useful for identifying trends in the gold market or for searching for areas of support and resistance in which to buy or sell. The graphs can be viewed over various time periods depending on your objectives. A long-term gold investor is likely to care more about weekly, monthly and annual charts, while a short-term investor may be more concerned with daily, hourly, or even 5-minute charts.
The BullionVault gold price chart shows 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 panel. The premium is the additional cost of an item in ingots over the spot price of the precious metal contained in the item. A gold certificate is a piece of paper that indicates the specific amount of gold an investor has and that is stored elsewhere and provides an excellent alternative to physically buying gold bars.
The spread, or supply and demand differential, is the difference between the selling price of gold per troy ounce and the supply price of gold and represents the dealer's profits. Therefore, the movement of the spot price reflects a change in available supply or current demand for gold. The price of gold is always quoted in troy ounces, but it can be converted into any quantity that a person wants to buy or sell. The price of gold can change for a second, driven by the supply and demand of investments, as well as by changes in other markets (commodities, stocks or bonds) and also by the currency that the investor wants to use to buy their gold.
As the dollar rises, it makes gold relatively more expensive for foreign buyers and could cause falls in the spot price. This weekly email explores and analyzes the current price movements of silver, platinum, palladium and gold and the reasons behind them. We offer you the fastest updates online, with real-time gold price data processed approximately every 10 seconds. Dollars, so the price per ounce of gold is simply converted to the local currency to reflect the price of a troy ounce of gold.
If you're buying gold bars, you'll have to choose between buying physical gold (such as coins, ingots and cartridges) or buying gold certificates. The ounces that Americans know in everyday life are avoirdupois ounces, while the price of gold is measured in troy ounces. The spot price of gold is the market price at which an ounce of gold can be bought and sold for immediate delivery. Some gold investors would prefer not to host or ship their precious metals, so they invest in what are known as gold stocks with an ETF.