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Understanding the Gold Price Today


The spot price of Gold is the price a raw ounce of Gold can be bought and sold for immediate delivery on the Precious Metals market. The Gold price per ounce is always measured in troy ounces, which differs from the standard American kitchen ounce, otherwise known as an avoirdupois ounce. The price of Gold is typically listed in USD but can be converted to local currencies around the world.

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 and assessments from experts to remain involved with the Precious Metals industry.

Gold Spot Price Charts

The spot price of Gold per troy ounce changes constantly during the world market hours. The world market Gold prices are updated Sunday through Friday, from 6 PM EST to 5:15 PM 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 – making live spot price pages vital to remain updated on the latest Gold prices.

Monitoring the ever-changing price of Gold is made simple with APMEX’s live Gold Spot Price page for investors who want to check on the most up-to-date prices. Our live spot price pages are updated as the world prices shift to give our customers the most current available information.

Gold as an Investment

Investing in Gold is a great way for investors to protect themselves against inflation and devaluation of the dollar from the unstable world markets. Gold is available in many forms, including bullion and certificates. Gold bullion is produced by mints located worldwide, by either a sovereign mint or privately owned. Gold bullion typically comes in coins, bars and rounds with a wide selection of sizes available to fit any type of investment.

Gold certificates, an alternative to purchasing physical Gold bullion, are a piece of paper stating the specific amount of Gold an investor owns that is stored elsewhere. 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.

When purchasing Gold bullion, the product may cost more than the current spot price of Gold due to bid/ask prices or any premium associated with the product, which all increase the price. The bid price of Gold references the price a dealer is willing to buy the Gold, while the asking price is the price that the dealer will turn around and sell that same ounce of Gold for to a buyer. Typically, the price difference between the bid and ask price is the spread. Premiums over the spot price generally include the additional costs associated with the production and distribution of the Gold, including any overhead costs the dealer has during the transaction.

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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