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Gold Spot Price

$1,809.20 USD ($2.50) USD -0.14% 24H Ask: $1,809.20 Bid: $1,799.20 Change: ($2.50) (-0.14%)
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What is the Spot Price of Gold?

The spot price of Gold is the market price at which one ounce of Gold can be bought and sold for instant delivery. The Gold spot price is constantly changing, making it crucial to remain updated on any performance indicators such as market condition and current events because they greatly affect the buying and selling of Gold.

The Gold price is always quoted in troy ounces but can be converted into any quantity a person is wanting to buy or sell. Gold spot prices are universal, as most Gold markets use live Gold prices listed in U.S. dollars, so the price of Gold per ounce is the same across the globe.

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Gold Spot Price

$1,809.20 USD ($2.50) USD -0.14%
Gold Spot Prices
Gold Price
Spot Change
Gold Price Per Ounce
$1,809.20 ($2.50)
Gold Price Per Gram
$58.17 ($0.08)
Gold Price Per Kilo
$58,167.09 ($80.38)

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The Gold price is always quoted in troy ounces but can be converted into any quantity a person is wanting to buy or sell. Gold spot prices are universal, as most Gold markets use live Gold prices listed in U.S. dollars, so the price of Gold per ounce is the same across the globe.

APMEX offers you the ability to convert the Gold spot price to a number of different currencies as well as calculating based on quantity, the unit of measurement and purity to give you the opportunity to make the best purchasing decision available.

Gold Spot Price FAQ

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 is traded worldwide across many different exchanges – the most popular being Chicago, Hong Kong, London, New York and Zurich. The COMEX, part of the CME Group in Chicago, is the most important exchange for determining the price of Gold. The Gold spot price is computed using data from the futures contracts traded on the COMEX.

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.

The History of Gold

Gold has been prized by every major civilization for its unique properties. It is not easily corroded or tarnished by other elements. It is non-toxic and has a very low reactivity to other substances. Gold is scarce but not too rare, and it has a relatively low melting point to easily be turned into coins or jewelry. Gold also has a long history of being used as a global currency and a store of value.

The first Gold coins were minted in Lydia, a region in present-day Turkey, around 600 BC. The Gold was brought from nearby rivers and mines, and the coins were stamped with images of animals to indicate their value. Gold coinage then spread to the Persian Empire, where Gold Daric coins became popular. Darius I, the king of Persia from 522-486 BC, even went so far as to put his image on the Gold Daric.

Gold coins continued to be used throughout the ancient world, particularly in Asia and the Middle East. In China, Gold ingots were used as currency as early as 1200 BC. The first Gold coins in Japan appeared in the 7th century AD and by 550 AD, Gold coins were being minted in Byzantium, the capital of the Eastern Roman Empire.

Gold was also an important part of the economy in medieval Europe. By the 13th century, Gold coins were commonly used in international trade, and by the end of the 14th century, Gold florins were being minted in Florence, Italy. Gold remained an important currency throughout Europe until well into the 20th century.

The discovery of Gold in California in 1848 and Australia in 1851 led to a massive influx of new Gold into the global economy. This, combined with the economic turmoil of the times, led to Gold becoming a popular investment. In 1873, Gold was made optional in U.S. coinage, and in 1900 it became illegal for U.S. citizens to own Gold bullion. The price of Gold was fixed at $20.67 an ounce from 1934 until 1968, when it began to fluctuate again.

In 1971, the U.S. abandoned the Gold Standard completely, and the price of Gold has since been allowed to float freely on the open market. Today, Gold is still prized for its unique properties and is used in various ways: jewelry, coins, bullion bars, and a popular investment vehicle.

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