This page contains our Live Gold Price Chart, which displays the changing spot price of gold on the current day and in real-time! The spot price of gold is defined as the worth of one ounce of physical gold at the amount it is currently trading worldwide. In addition to current data, this chart also contains historical data to create a reference scale. By displaying current and past prices, Bullion Hunter simplifies the process of making educated, well-informed trading decisions.
The tools and features on this page help you perform the following activities:
Apart from our Live Gold Price Chart, you can also access our Silver, Palladium, and Platinum Charts on our website!
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Since selling and buying gold at the best possible price determines the quality of a trade, timing is of the essence. To assist you with making the best decision, Bullion Hunter now provides customized alerts and notifications that keep you informed when the market welcomes a target gold price. With the help of this feature, you have the ability to be proactive and sell gold when at its highest or buy it at its lowest price.
Not only is it simple to sign up for an account with Bullion Hunter, but an account is also the best way to ensure that you never miss another market or price opportunity. To sign up, simply enter your e-mail address and select a password and you’re all set! Now all you have to do is sit back and decide how you’ll spend the 500 MTB bucks that we provide to you for free upon registration!
When the price of gold reaches the dollar price that you set, you will immediately receive an email from Bullion Hunter so that you never miss an opportunity to maximize profits on your investments!
You can manage all market-related alerts by creating an Bullion Hunter account or logging in to an existing account. Apart from alerts, an account with Bullion Hunter also gives you access to newsletters, product price alerts, and daily deal alerts.
As one of the most bartered assets worldwide, gold finds its place in innumerable futures markets. A few of the most renowned markets across the world include the New York, Chicago, Hong Kong, Zurich, and London Mercantile Exchanges.
Metals are exchanged in COMEX, an essential business sector for a number of precious metals, including but not limited to gold, silver, copper, and platinum. Short for Commodity Exchange Inc., COMEX merged with the York Mercantile Exchange in the early 20th century. Upon the merger, it became the foremost division responsible for the exchange of precious metals. This includes the determination of the spot price of gold.
In the case of spot price determination, calculations largely involve the front-month futures contract that is traded on the COMEX. “Front-month” relates to futures trading in that it is the contract month whose expiry date is closest to the current date, both of which are usually around the same time.
Gold unit conversion:
31.1035 grams of 24-carat pure gold = 1 troy ounce,
1 kilogram of 24-carat pure gold = 32.15 troy ounces.
The gold spot price per ounce can vary according to the following factors:
Gold has immense historical, economic, and cultural significance. Owing to its rarity, gold is considered one of the most valuable precious metals. Owned by wealthy families throughout centuries of modern human history, gold today is a popular investment because of its stability in a relatively volatile market. Gold is an excellent way to hedge against the rapidly changing futures market, inflation, and also a way to diversify one’s existing Precious Metals Investment Retirement Accounts. The form in which gold is traded is of significance as well. Physical bullion bars and coins are today the most preferred forms of gold in the market. In addition to these modes, paper certificates are also used; but due to their lack of physical ownership, they are not as frequently used. Unlike bars or coins, paper certificates are statements that signify the ownership of a determined amount of gold that is stored securely.
Owing to its stability in spite of a volatile currency, gold is an excellent and reliable commodity to invest in and is an excellent way to diversify one’s investment portfolio.
Gold of sizes anywhere between 1g and 400 oz can be purchased worldwide. Bullion Hunter carries a broad range of gold products to suit all kinds of buyers; from dedicated investors to collectors.
Gold spot prices do not vary with geography. It is because of this invariability that an arbitrage-free gold market can exist.
Quite simply, the gold/silver ratio is the buying power for gold that is obtained from the ownership of silver. Mathematically, it is the number of ounces of silver required to buy one ounce of gold. This ratio is derived based on a number of variables, including changing prices of both metals over a period of time. This ratio helps investors understand the worth of silver relative to gold, and to highlight overpricing trends of either commodity. Thus, the gold/silver ratio can directly impact an investor’s knowledge of whether buying or selling both commodities is favorable to the investor at a given point of time.
When buying gold from a dealer, the price paid by the buyer is known as the ‘ask’ price, while those who sell their previously purchased gold to a dealer pay the ‘bid’ price. The difference between both prices is called the spread, or the bid-ask spread.
When a gold commodity is sold, the manufacturer usually marks up the price before selling it to a dealer. In turn, before selling the commodity, a dealer then accommodates distribution costs and a minimal dealer fee by marking up the price further. It is at this new marked up price that the commodity is sold to investors and buyers. Bullion Hunter provides a number of investment forms for gold, the lowest markups on gold spot prices, and free shipping.
The United States uses the troy ounce standard of measurement to measure gold. Created by England in the 15th century, this standard has been in use since 1828 for standard coinage. The difference between an ounce and a troy ounce is only ~3 grams. While an ounce is around 28.349 grams, a troy ounce is about 31.103 grams.
While the rate of gold is a relatively stable value, it is still influenced by a number of factors, such as fluctuations in current events, currency values, supply and demand, buying power, and market speculation.