What Is The Price Of Selling Gold Today
The spread between their buy and sell prices represents the dealer s gross profit.
What is the price of selling gold today. 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. Conversion gold price spot price. What does the spread mean for the gold price per ounce today.
The live price chart gives you a breakdown per gram dwt pennyweight and troy ounce. If you re selling gold coins a reasonable settlement would be 90 of the market value. The spread is the price difference between the bid and the ask price.
1 troy ounce 31 10 gram gold price per 1 gram 59 41 usd 1 troy ounce 0 031 kilogram. Live gold bullion coin and bar prices current gold spot price 1 863 68 4 11 am mon. This is why dealers will typically buy from individuals at or below the spot gold price and they will sell above the spot gold price.
Call 800 997 7859 to invest in gold and silver bars coins with monex. If you re selling gold jewelry a reasonable settlement would be 70 to 80 of the market value. The ask price is the lowest price someone is willing to sell an ounce of gold.
The dealer will take their purchase price then markup the products further to cover dealer costs and a profit margin. Both gold and silver are fairly liquid markets so traders can expect to see a fairly narrow spread in these markets.