How To Read Gold Price

After all gold has long been considered a store of value in uncertain or troubled economic times making it worth a trader s time to compare the price of gold to other.

How to read gold price. The figures on the right and sometimes as you will soon see on the left is the price of gold. Indicates lowest price reached on the observed time unit. B for more down.

Shows the opening price. Live 24 hour gold charts are a powerful tool that can be used by gold traders to spot and then take advantage of movements in the price of gold. Determine the value of your gold 1.

H for high indicates. Determining melt value to determine the melt value of your gold piece use the weight of your piece measured in grams the purity of your piece measured by percentage and the current price of gold per gram. For gold as example.

The highest price achieved on the observed time unit. 50000 1293 40 100 oz contract size of 0 38 lot. Volume or contract size in lots.

Position value in gbp price of silver 5000 oz. In a normal market gold futures prices are much higher than the spot price of gold. Well the jump from under rs 10 000 for 10 grams of gold to rs 15 000 was just too much for that market to swallow and produced high levels of sales of scrap gold making india self sufficient in gold until now in 2009.

The numbers across the bottom are the date and or time of the chart depending on how it is set. These stocks are soon to dry up we believe as the gold price holds and the prospect of even higher prices comes onto the. If you were to average the net value of all currently traded gold futures contracts for the nearest month you would get the gold spot price.