24-hour live gold price spot chart from New York, London, Hong Kong and Sydney. Gold prices are updated every minute, Gold · Gold Chart · Silver · Metal Futures. The price of gold in US dollars is at a current level of 1751.60, down from 1758.60 on the previous market day and below 1860.30 a year ago. This represents a change of -0.40% compared to the previous market day and -5.84% compared to a year ago.
The daily price of gold is determined by the largest bullion banks in London, which agree on a price to settle their internal and outstanding customer orders at a fixed time each day. 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. The gold bars produced by these mints usually come in coins, bars and rounds with a wide selection of sizes available to suit any type of investment. While gold and other precious metals may experience longer periods of time with relatively consistent prices, prices can also change rapidly at any given time.
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. Gold was brought from nearby rivers and mines, and the coins were stamped with images of animals to indicate their value. We offer you the fastest updates online, with real-time gold price data processed approximately every 10 seconds. The price is determined on working days in the United Kingdom at 15:00 London time for gold (at noon for silver, 14:00 for platinum and palladium).
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. Track changes in the price of gold, as well as historical trends, using BullionVault's real-time gold price chart above. Dealers will offer to sell gold for the asking price, and when you decide to sell gold again, the dealer will pay the offer price. The ounces that Americans know in everyday life are avoirdupois ounces, while the price of gold is measured in troy ounces.
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. Gold coins continued to be used throughout the ancient world, particularly in Asia and the Middle East. Gold is scarce but not too rare, and has a relatively low melting point for easy conversion into coins or jewelry.