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.

  • How do I lock in a gold purchase price?

    Most bullion dealers will lock in a purchase price upon the buyer's acceptance of the purchase agreement. If the price rises or falls in the time between the agreement and delivery, the buyer will still receive the amount of gold agreed upon in the purhcase agreement.

  • Is the price of gold the same all over the world?

    Yes, the price for an ounce of gold is the same everywhere else in the world. Otherwise, investors using certain currencies would have a significant disadvantage compared to other's.

  • 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.

  • What currency is the spot price of gold quoted in?

    Gold is traded in USD, so its spot price is also quoted in USD. In areas outside of the US, the spot price of gold is taken in USD and then converted into local currency.

  • Why does some gold sell for well over the spot price of gold?

    The value of gold coins are based on their gold content, scarcity, and collectibility. Many dealers charge a premium on coins that are less common and have a higher collector's value. Rare or exclusive coins often sell for well above the spot price of gold.

  • 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.

  • How is the gold to silver calculated?

    The gold to silver ratio is calculated by dividing the current gold price by the current silver price. You can find the most recent price of gold and silver at the top of this page.

  • What is a strong gold to silver ratio?

    What one investor defines as a strong gold to silver ratio depends on their investment goals. A higher gold to silver ratio can indicate that silver is undervalued. A lower gold to silver ratio may indicate that gold is undervalued. A generally strong gold to silver ratio is 16:1.

  • Gold Market FAQs

  • What Is The Primary Gold Bullion Market?

    The primary bullion market is the largest and most competitive precious metals market in the world. It consists of multiple entities including central banks, bullion dealers, government agencies, and gold refineries. This wholesale market is the basis for virtually all trades of gold and silver.

  • What Affects The Gold Market?

    Many of the factors that impact the price of gold also affect the gold market. These include supply and demand, market volatility, the amount of gold in central bank reserves, the value of the U.S. dollar, and current gold production.

  • What Is The Gold Market Cap?

    The gold market cap is a term used to describe the total dollar value of all the gold in the market. This value can be obtained by multiplying the current gold price with the number of ounces in world's above ground gold reserves.

  • What Are Gold Delivery Standards?

    Gold delivery standards are the internationally accepted requirements for the delivery of gold bullion. The gold delivery standards measure the weight, marks, appearance, finesse, width, height, and length of a gold bar.

  • What Is The London Bullion Market Association?

    The London Bullion Market Association is a London-based trade association that is the largest gold and silver bullion market in London. London is the global center of the international over-the-counter (OTC) precious metals market for gold and silver.


(Price of Gold) | (Gold Price Chart)

TRX Gold Corp along with its partner, STAMICO is building a gold project at Buckreef in Tanzania. This includes an expanded Mineral Resource base and the treatment of mineable Mineral Reserves. The Measured and Indicated Mineral Resource now stands at a combined 35.88MT at 1.77g/t gold containing 2,036,280 ounces of gold. The Buckreef Project also contains an Inferred Mineral Resource of 17.8MT at 1.11g/t gold for contained gold of 635,540 ounces of gold. TRX Gold Corp is actively investigating and assessing multiple exploration targets on its property.

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