This price chart allows you to easily see real-time data for Gold prices today as well as the historical price of Gold going back 30 years.
|Gold spot prices||Today||Change|
|Gold price per gram|
|Gold price per ounce|
|Gold price per kilo|
The latest spot gold price is the price of gold for immediate delivery. Spot gold market trading occurs nearly 24 hours a day, as orders for gold transactions take place worldwide. Most activity takes place in specific cities around the world, focusing primarily on:
Bullion coin transactions are almost always priced using the spot price.
Gold is one of the top commodity markets, behind only crude oil. However, price action for gold does not follow traditional supply and demand as other commodity markets do. Inventory levels and the expected demand typically determine the price of a commodity, and prices will rise when inventories are low, but demand is high. On the contrary, currency fluctuations and interest rates impact prices of gold more. Gold is inversely correlated to the U.S. dollar, and bond yields highly. Thus, when the U.S. dollar dips with interest rates in parallel, gold tends to rally. Gold is also very scarce, and this fact gives gold its value. Investors value gold for different reasons. These reasons include:
As a result, many investors look to gold when they want to make an investment in precious metals.