What Is Spot Gold Price

Gold prices updated every minute.

What is spot gold price. The spot price for gold is in a constant state of flux and can be driven by many different factors. In other words if you walk into a bullion dealer off the street and take out your wallet the spot gold price is close to what you ll pay for a gold coin or bar. The spot price of gold is the most common standard used to gauge the going rate for a troy ounce of gold.

Typically however spot gold is quoted in price per ounce using u s. Plus the premium the dealer is going to charge you you can track the spot price of gold with the chart above. Live 24 hour gold price spot chart from new york london hong kong and sydney.

The price for any gold product is the spot price plus a premium which is added by all dealers to cover their overhead. The spot price of gold is the current price that one ounce of gold can be bought and sold for immediate delivery. The price is driven by speculation in the markets currency values current events and many other factors.

1 troy ounce 31 10 gram gold price per 1 gram 59 41. The spot gold price refers to the price of gold for immediate delivery. Conversion gold price spot price.

The spot gold price can refer to the current price of gold per ounce gram or kilo. The spot gold price refers to the price of gold for immediate delivery. The spot gold price refers to the price at which gold may be bought and sold right now as opposed to a date in the future.

The spot gold market is trading very close to 24 hours a day as there is almost always a location somewhere in the world that is actively taking orders for gold transactions.