Copyright © 2002 - 2020. Gold bullion refers to a Gold product that is valued by and sold mostly for its metal content and does not contain any numismatic or collectible value. Gold Price per Ounce Calculator Select Weight Ounce Gram Kilo Tola Baht (15.2441 Grams) Tael (37.7994 Grams) Tael (37.5 Grams) Vori Troy … The Gold gram price and Gold kilo price can be found in our handy conversion table. However, collectible or rare Gold products may carry a much higher premium over and above the value found in its raw metal weight. If you wish to select a currency other than USD for the Silver holdings calculator. This relationship can often be seen in the gold price. On the other hand, if rates are very low, gold may potentially benefit as it keeps the opportunity cost of holding gold to a minimum. Some Gold investors would prefer not to house or ship their Precious Metals, so they invest in what is known as a Gold Share with an ETF. One troy ounce of gold was now worth $20.67. Of course, gold could also move higher even with high interest rates, and it could move lower even during periods of ultra-low rates. If you are like most investors and only concerned about the weight and purity of a bar as opposed to its brand name, finding the cheapest 1 oz bar will be your end goal. One troy ounce of gold is equivalent to 31.1 grams. Next, do your research and identify a reputable seller. Bid $1,850.90 Gold is usually quoted by the ounce in U.S. The spot price of Gold per Troy Ounce and the date and time of the price is shown below the calculator. Find the latest GOLD 1 OZ (XAUUSD=X) currency exchange rate, plus historical data, charts, relevant news and more Save the values of the calculator to a cookie on your computer. Unlike other retail products where the final price of a product is largely defined by branding and marketing, the market price of 1 oz of Gold is determined by many factors including supply and demand, political and economic events, market conditions and currency depreciation. That same dealer is also offering a 1 oz OPM gold bar for $1323. Note: Please wait 60 seconds for updates to the calculators to apply. The Current and Future Gain/Loss will be calculated. The market is very transparent, and live gold prices allow investors to stay on top of any significant shifts in price. What does the Spread mean for the Gold price per ounce. The price of gold is available around the clock, and trading essentially never ceases. Additional, a unit karat of gold is equal to 1/24 part (4.1667%). The price for any Gold product is the spot price plus a premium, which is added by all dealers to cover their overhead. - ($63.70) ⌄ On days when the dollar index is stronger, gold may be losing ground. View the bid, ask and spot price at any time, on any device. One troy ounce gold and silver coins are created with unique and limited-edition designs perfect for collecting, gift giving and handing down to loved ones. This price is determined by many factors such as market conditions, supply and demand, and even news of political and social events. Is the U.S. Gold price the same no matter where I live? Privacy Policy | APMEX has been on that shortlist since 2014 and is in such good company as Deutsche Bank, Scotia Bank and Fidelitrade, to name a few. For example, today a 1 oz American Gold Eagle coin may be bought from a dealer for $1355. gold bar, there is no need for complicated formulas to determine the exact value of your bar as you can simply look up the current spot price of gold. Because gold is typically denominated in U.S. Display the values of the calculator in page header for quick reference. When it comes to Precious Metals investing or collecting, knowledge is power. These shares are unallocated and work directly with a Gold Fund company who then backs up the Gold shares or stocks, and thus takes care of shipping and storage. 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. % Krugerrand 1 oz Price: Get all information on the Price of Krugerrand 1 oz including News, Charts and Realtime Quotes. The gold price displayed above is updated every minute. The spot price fluctuates constantly, making it important to keep up to date on performance indicators such as current events and market conditions, as they affect the buying and selling of Precious Metals. Monetary policy can also affect the gold price. 10440 N. Central Expressway Fast & Free Shipping† On Orders Over $99! The 1 ounce gold and silver bars provide an amazing entry point for purchasing smaller amounts of bullion with more variety. Some of the biggest contributors to fluctuations in the gold price include: Currency markets can have a dramatic effect on the gold price. The Gold price is universal, as most Gold markets use live Gold prices listed in U.S. dollars. While investors in the U.S. are sound asleep, for example, gold trading in Asian markets may be robust. The "spot" price is the reference price of one troy ounce, the official unit of measurement on the professional market for spot transactions. Select a Currency. Is there a difference between an ounce and a troy ounce? One troy ounce of gold is the same around the world and for larger transaction are usually priced in U.S. dollars as that is the most active market; however, the value of an ounce of gold can be higher or lower based on the value of a nation’s currency. Gareth Soloway breaks down causes Jan 8, 2021 1:08PM. No matter where you are in the world, the spot Gold price now is the same at any given moment. The spot price of Gold is always higher than the bid price (what dealers pay for Gold per ounce) and always lower than the ask price (what you will pay a dealer for Gold per ounce). The Gold gram price and Gold kilo price can be found in our handy conversion table. Our fast-loading gold price charts are updated every real-time providing the most accurate gold prices per ounce in the UK bullion market. Troy weight units are primarily used in the Precious Metals industry. The Spread, or the bid-ask spread, is the difference between the Ask Gold price per troy ounce and the Bid Gold price and represents the dealer’s profit. If your browser is configured to accept Cookies you will see a button at the bottom of the Holdings Calculator. For a small fee, you can store it with a trusted third party such as Citadel (a service offered by APMEX). There are several types of Gold, ranging from scrap to bullion products. Larger investors who intend to buy in bulk will likely be more interested in the gold price per ounce or kilo. When it comes to Precious Metals investing or collecting, knowledge is power. GoldPrice.Org All rights reserved. The Gold price is universal, as most Gold markets use live Gold prices listed in U.S. dollars. 1 oz. Gold prices per ounce are converted from USD to Chinese Yuan according to the latest exchange rates where 1 USD = 6.46 Chinese Yuan. If you own a 1 oz. The ounces Americans know in everyday life are actually called avoirdupois ounces. The Gold price is always quoted in ounces but can easily be converted into grams or kilos, depending on the quantity you want to buy or sell. All prices are updated in real-time. The Gold price is measured in troy ounces, which are equal to 1.09711 avoirdupois ounces. The price of gold is in a constant state of flux, and it can move due to numerous influences. Today's range: 1916-1926. Make the most of Gold values with Precious Metals IRAs, which are Self-Directed IRAs. Totals for Gold and Silver holdings including the ratio percent of gold versus silver will be calculated. Our team of highly trained customer service associates can answer any questions on 1 ounce Gold bars, and can be reached by email or telephone, please call (800) 375-9006 or email service@APMEX.com. Investors are dumping lower yielding assets like gold to buy higher volatility securities like Tesla shares and bitcoin, said Gareth Soloway, chief market strategist at In The Money Stocks, but Soloway is not selling his gold … Live gold bullion coin and bar prices Current gold spot price $1,925.05 5:15 pm Wed. January 6, 2021 Grams can be a more convenient unit for pricing when trading gold in small quantities or using gold … (-3.35). The price is set in US dollars and is reflected worldwide. The spot price of Gold is the current price that one ounce of Gold can be bought and sold for immediate delivery. The spot gold price refers to the price of gold for delivery right now as opposed to some date in the future. Why is gold price plunging? The price of gold is constantly on the move and can be affected by many different factors. For example, The United States Mint does not sell directly to the public but offers a list of Authorized Purchasers. Although gold prices are most commonly quoted in ounces, gold bullion is also bought and sold by the gram. Dollars, a weaker dollar can potentially make gold relatively less expensive for foreign buyers while a stronger dollar can potentially make gold relatively more expensive for foreign buyers. In 1979, the price of gold amounted to $306.00 per ounce, skyrocketing to almost 60% from the previous year at which time the price of gold was $193.4. Whatever the case may be, live gold prices have never been more readily accessible, giving investors the information they need to make buying and selling decisions. Interest rates are another major factor on gold prices. Consumers can expect to receive the bid price when selling Gold to a dealer. The current gold price can be readily found in newspapers and online. Ask $1,860.90 Spot gold prices are derived from exchange-traded futures contracts such as those that trade on the COMEX Exchange. Sell Gold Eagle Coins. Dallas, TX 75231. The price of Gold can fluctuate based on market conditions, supply and demand, geopolitical events and more. Bid Price: $2469.85. Although prices per ounce in dollars are typically used, you can also easily access the gold price in alternative currencies and alternative weights. The 1 oz., $50-denomination American Gold Eagle is the most widely traded and collected size of American Gold Eagles in part because they contain 1 troy ounce of gold, making it easy for the purchaser to determine the value of their coin based on gold spot prices. On days when the dollar index is sharply lower, gold may be moving higher. Our Gold Price Today tool updates every 60 seconds, allowing you to see the Gold spot price in real-time. When you decide to place the Precious Metal in the IRA, you have a way to further diversify your portfolio and hedge against economic downturn. The value or worth of a Gold product is calculated relative to the weight of its pure metal content and is measured in troy ounces. If you need assistance in assessing the Gold bar price, or if you should have any issue buying 1 oz Gold bars on APMEX.com, we are eager to assist you. When someone refers to the price of Gold per ounce, they are referring to the spot price. Gold Price per Ounce UK (£) View the current gold price per ounce online at GOLD.co.uk, the home of bullion investment and vaulting. At APMEX, we offer a number of tools to help our customers become better-informed investors. This is also true of other Precious Metals, including Silver, Platinum and Palladium. The Current Gold Rate = $1924.45 USD per Oz, which is updated at 03:20:02 am New York (America) time (GMT-04:00 Ask Price: $2471.14. The price of gold has increased approximately 4,750% since 1935 when President Franklin D. Roosevelt raised the value of gold to $35 per ounce. Finally, prepare for how you will securely protect and store your Gold. Gold bullion often appears in the form of bars, rounds and Sovereign coins that carry a face value and are backed by a government. The data is retrieved continuously 24 hours a day, 5 days a week from the main marketplaces (LBMA, NYMEX, GLOBEX, HONG KONG). Smaller investors, for example, may be more interested in the price of gold per gram than ounces or kilos. Download today in the App Store or on Google Play. As with any other type of investment, those looking to buy gold want to get the best deal possible, which means buying gold at the lowest price possible. This price chart allows you to easily see real-time data for Gold prices today as well as the historical price of Gold going back 30 years. The Current Value for the amount entered is shown. 1 oz. If a government is actively engaged in quantitative easing or other stimulus programs, those programs may potentially weaken the country’s currency, possibly making gold more attractive. Therefore, the prices of gold bullion is higher than gold coin and gold jewelry (excluding the costs of craft and design). Prices Updated: Jan 07, 2021 at 06:13 NY Time