Gold Spot Price

When someone refers to the price of Gold, they are usually referring to the spot price of Gold. Gold is considered a commodity and is typically valued by the weight of the pure metal content. Today’s spot price of Gold, like all days, is constantly changing according to many variables. However, today’s price of Gold could also refer to the total percent change of the spot price, as calculated relative to the price at the start of that trading day.

APMEX lists live Gold prices as well as historical data related to Gold spot price. All prices are updated in real-time. View the bid, ask and spot price at any time, on any device on our website or by utilizing our mobile app.

Gold prices are constantly changing during market hours. The spot price of Gold is determined by many domestic and foreign exchanges, which allows the spot prices to update from Sunday through Friday, 6pm EST to 5:15 EST. While Gold, and other Precious Metals, may experience longer time periods of relatively consistent prices, prices can also change rapidly within a moment's notice.

The price of Gold can be a challenging thing to keep track of because it changes constantly based on current world market conditions, which affects both buying and selling, making it vital for investors to have up-to-date information about where their Gold investment might go next. There are plenty of ways that you as an individual person could go about getting this data, though, such as checking market reports from experts to remain involved with the Precious Metals industry.

The worth of Gold is determined by the current spot price. This price is determined by many factors such as market conditions, supply and demand and news of political and social events. The value, or worth, of a Gold product is calculated relative to the weight of its pure metal content and is measured in troy ounces. However, collectible or rare Gold products may carry a much higher premium over and above the value found in its raw metal weight.

Additionally, other factors such as merchandising, packaging or certified grading from a trusted third-party may influence the final worth of the Gold product you are purchasing.

Gold bullion refers to a Gold product that is valued by and sold mostly for its metal content and does not contain any numismatic or collectible value. Gold bullion often appears in the form of bars, rounds and Sovereign coins that carry a face value and are backed by a government. These products are most commonly categorized therefore as either .999 fine, .9999 fine Gold bullion and even .99999 fine Gold, meaning the product is either 99.9%, 99.99% or the highly desirable 99.999% pure Gold.

A troy ounce of Gold is equal to 31.10 grams. It is a unit of measure first used in the Middle Ages, originating in Troyes, France. Troy weight units are primarily used in the Precious Metals industry.

The ounces Americans know in everyday life are avoirdupois ounces while the Gold price is measured in troy ounces. Troy ounces 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 Gold spot price 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 ask price of Gold 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.

The bid price of Gold 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.

The spread, or the bid-ask spread, is the difference between the ask price of Gold per troy ounce and the bid price of Gold 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. For example, if a dealer purchased Gold for $1,820 per ounce and then sold that same Gold for $1,850 per ounce, the spread is $30.

The premium is the additional cost of a bullion item over the spot price of the Precious Metal contained in the item. The premium typically includes the costs of production and distribution.

First, decide what kind of Gold you are interested in buying. There are several types of Gold, ranging from scrap to bullion products. Second, determine the form in which you would like to buy. If you are buying Gold bullion, you will be choosing between purchasing physical Gold - such as coins, bars and rounds - or purchasing Gold certificates.

A Gold certificate is a piece of paper stating the specific amount of Gold an investor owns that is stored elsewhere and provides a great alternative to purchasing physical Gold bullion. Gold certificates are different from Gold bullion because the investor never physically encounters the Gold or stores it themselves. Some investors prefer the convenience of buying Gold certificates, while others wish to physically see their Gold bullion in their hands - both options are available to fit the investors' preferences and investment portfolios.

After determining which form you prefer to purchase, do your research and identify a reputable seller. For example, The United States Mint does not sell directly to the public but offers a list of Authorized Purchasers. APMEX has been on that shortlist since 2014 and is in such good company as Deutsche Bank, Scotia Bank and Fidelitrade, to name a few.

Finally, prepare for how you will securely protect and store your Gold. There are many factors and options for this. For a small fee, you can store it with a trusted third party such as Citadel - a service offered by APMEX - or you could choose to store your Gold in your own vault or lockbox at home.

APMEX offers you the option to sell your Precious Metals, easily and fast, all online! Sell Gold to us and receive a step-by-step process on how to sell your Gold coins, bars and rounds to APMEX.

Precious Metals IRAs, which are Self-Directed IRAs, make the most of Gold values. Much like 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.

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 back up the Gold shares or stocks, which 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 physically hold their investments do not care for this option.

When shopping online with APMEX, you may be required to pay state and local sales tax on your purchase, but the tax rate you pay may vary depending on the address where we will be shipping your order. For more information on individual states, visit our State Tax Information page.

When ordering with APMEX, the Gold price when your order is submitted is the locked in price. APMEX will send you an order confirmation email detailing your purchase as well as confirming the locked in price.

There are some price differences depending on the payment method you use – with certain methods there are discounts. For a full list of our accepted payment methods and discounts offered, visit our Payment FAQ page.

Gold bullion is produced by mints located worldwide, by either a sovereign mint or privately owned. Gold bullion produced by these mints typically come in coins, bars and rounds with a wide selection of sizes available to fit any type of investment. For collectors and investors, it is important to know the difference between sovereign mints and private mints.

Sovereign mints, also known as government mints or national mints, manufacture bullion that is produced for legal tender in that country. Typically, there is a face value associated with the bullion and an official legal tender status. Widely collected bullion such as the American Eagles and Canadian Maple Leaf series are produced by these sovereign mints. Examples of these well-known sovereign mints include the United States Mint, Royal Canadian Mint, The Perth Mint, the Austrian Mint and more.

Private mints, like the name suggests, are privately owned and do not produce bullion for legal tender. Private mints make their own designs and branding, purity and metal content of their choosing. There are no legal requirements or restrictions placed on private mints to produce any specific amount of Precious Metals. While private mints do not produce legal tender bullion, they create countless popular and unique products each year that are great additions to many collections. Examples of these private mints include Engelhard, PAMP Suisse, Johnson Matthey and more.