Gold Price Today Bullion Market

Today s spot price of gold like all days is constantly changing according to supply and demand market conditions geopolitical forces and many other variables.

Gold price today bullion market. Conversion gold price spot price. The changes in gold prices are due to supply demand as well as order flow and other factors. The london bullion market association lbma is the leading organization that is responsible for maintaining benchmarks for all precious metals.

By convention the gold spot price is quoted in us dollars per troy ounce and the quotation refers to a standard amount of gold in the range of 5 000 to 10 000 troy. 1 troy ounce 31 10 gram gold price per 1 gram 59 41 usd 1 troy ounce 0 031 kilogram. 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.

The lbma gold price the lbma silver price and the lbma pgm price are the widely accepted benchmarks in the precious metals space.