What is the Gold Spot Price?
The spot price of Gold is the current price that a raw ounce of Gold can be bought and sold for immediate delivery. The spot price fluctuates constantly, making it important to keep up to date on performance indicators such as current events and market conditions, as they affect the buying and selling of Precious Metals. The price for any Gold product is the spot price plus a premium, which is added by all dealers to cover their overhead.
The Gold price is always quoted in ounces but can easily be converted into grams or kilos, depending on the quantity you want to buy or sell.
- ($7.60) ⌄
|Gold Price Per Ounce||$1,515.30||($7.60)|
|Gold Price Per Gram||$48.72||($0.24)|
|Gold Price Per Kilo||$48,717.99||($244.35)|
Annual Gold Prices and % Returns By Currency
Top Gold Bullion Products
APMEX Gold Investment Tools and Alerts
At APMEX, we offer a number of tools to help our customers become better-informed investors. You can track your Precious Metals holdings, be alerted to spot price movements, request notifications on products that are out of stock and more. Learn more about all the tools and alerts available with your free APMEX account.Learn More
Gold Price Recent News
In Precious Metals investing and collecting, as in most things in life, knowledge is power. APMEX is committed to helping you be as informed as possible when it comes to allocating your collecting or investing budget. Our Market Reports provide valuable information about potential reasons behind market movements.Read Our Market Reports
Gold Price FAQs
The ounces Americans know in everyday life are actually called avoirdupois ounces. The Gold price is measured in troy ounces, which are equal to 1.09711 avoirdupois ounces. This is also true of other Precious Metals, including Silver, Platinum and Palladium.
No matter where you are in the world, the spot Gold price now is the same at any given moment. Gold is traded in U.S. dollars so the price per ounce of Gold is simply converted to the local currency to reflect one troy ounce of Gold price.
The Bid Gold price per ounce is the current highest market offer to sell to a dealer. Consumers can expect to receive the bid price when selling Gold to a dealer.
Make the most of Gold values with Precious Metals IRAs, which are Self-Directed IRAs. Just like with regular IRAs, any profits on your Gold investment sales can be tax deferred as long as the proceeds are kept with your reinvestment custodian or transferred to another IRA account. When you decide to place the Precious Metal in the IRA, you have a way to further diversify your portfolio and hedge against economic downturn.
The Ask current Gold price per ounce is the current minimum price for a dealer to sell in the market. Dealers will offer to sell Gold to you for the ask price.
Some Gold investors would prefer not to house or ship their Precious Metals, so they invest in what is known as a Gold Share with an ETF. These shares are unallocated and work directly with a Gold Fund company who then backs up the Gold shares or stocks, and thus takes care of shipping and storage. With that, the Gold buyer does not have to worry about holding the tangible asset. However, Gold investors who prefer to hold and see their investments do not care for this option. .
The Spread, or the bid-ask spread, is the difference between the Ask Gold price per troy ounce and the Bid Gold price and represents the dealer’s profit. Dealers will offer to sell Gold to you for the Ask price, and when you decide to sell Gold back, the dealer will pay the Bid price.