This is the gold price that is used as a benchmark on which all retail investment-grade gold products are based. For example, a one-ounce gold bar will be sold by a precious metal dealer at the spot gold price plus a premium. Our live gold price charts from The Royal Mint offer you a chance to view the UK gold price in pounds, as well as the price of gold in other currencies including dollar and euro. If you adjust the time range, the live gold price chart will update to show the live gold price as well as historical gold prices – depending on the option chosen. As well as the live gold price, you can choose the gold price today or view the gold price history, showing the historic gold value and visualise it over time.

Spot gold at $3,650/oz as U.S. PPI cools more than expected in August

This is because some gold bullion products such as gold coins, bars (mostly kilo bars) are made from the 400-ounce gold delivery bar. These bars must be then converted into a smaller format and specialised products for retail buyers. The spot price of gold refers to the wholesale interbank price per ounce of a 400-ounce gold bar.

China’s central bank bought 2 tonnes of gold in August; demand is slowing but still supports long-term price uptrend.

Gold not only has a spot price, but it also has the LBMA Gold Price, as well as several regional prices. The LBMA Gold Price is used as an important benchmark throughout the gold market, while the other regional gold prices are important to local markets. Buy the most popular investment gold bars and coins with low premiums and insured delivery.

• You can audit the entire supply of Bitcoin in a matter of seconds; try auditing gold vaults all over the world.
• According to David Foley, Co-Founder and Managing Partner of the Bitcoin Opportunity Fund, Gold often moves first, with Bitcoin later following and eventually outperforming.
• The author has not received compensation for writing this article, other than from FXStreet.
• However, since trades in the OTC market involve between 5,000 and 10,000 ounces of gold, this price is usually out of reach for individual investors.
• Therefore, it is also not surprising that Bitcoin tends to cycle with the ebbs and flows of global money supply expansion and contraction.
• Please note that our relationship column classifies each element as in either a direct or inverse relationship to the price of gold.

What is the Gold Futures Price?

If one is looking to buy gold and lock in a price, one method is for the buyer to lock that price in once he or she reaches their checkout page when making an online purchase. Gold is available for investment in the form of bullion and paper certificates. Physical gold bullion is produced by many private and government mints both in the USA and worldwide. This option is most commonly found in bar, coin, and round form, with a vast amount of sizes available for each.

Live Gold Price Australasia

The ask price of gold is the lowest price that a seller of gold will accept for their holdings. The ask price is almost always the price quoted as the spot price on stock tickers and real-time widgets like the one you see above. When purchasing physical gold, expect to pay the ask price, which includes the dealer’s premium.

A high BTC dominance typically happens before and during a bull run, in which investors resort to investing in relatively stable and high market capitalization cryptocurrency like Bitcoin. A drop in BTC dominance usually means that investors are moving their capital and/or profits to altcoins in a quest for higher returns, which usually triggers an explosion of altcoin rallies. Gold’s growing appeal as a safe haven, in my opinion, is supporting Bitcoin’s investment thesis rather than competing with it. It validates the central claim that investors require alternatives to fiat money. This makes it possible for Bitcoin to be viewed as the «digital gold,» a technological interpretation of the same idea. However, confidence in reported reserves is a key component, and there may be large differences between reported and actual holdings if there is ever a true audit of the world’s gold reserves.

• Today gold price in India for 24 karat and 22 karat gold in major cities across the country, given in rupees per 10 grams.
• The percentage charged depends greatly on the type of physical gold you buy.
• Many factors impact the changing price of gold, including supply and demand, central bank monetary policy, inflation and the performance of stock markets and bonds.
• The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
• AI agents will never use physical Gold for transactions as they need to transact instantly and trustlessly.
• MetalsDaily.com bring you market research written by leading precious metal experts bringing you comprehensive coverage so you can stay in touch with market movements.
• In other words, if gold’s price increases when the driver does, they have a direct relationship.

The explosive growth of the price of gold in the past few years has garnered attention from many people outside of the precious metals community. Those new to the conversation may wonder what factors have caused Gold this meteoric rise. The gold price represents underlying influences in the gold market which includes investor sentiment and confidence in the economy as well as supply and demand dynamics. This is the gold price you see quoted in the financial media and is what may be termed as the cash or wholesale gold price.

Gold Price in May 2025

Just because a dealer is selling that coin for hundreds over the spot price does not necessarily mean that the dealer is making hundreds of dollars on the coin. The dealer likely paid several hundred dollars over the gold spot price for the coin, as well, and is now looking to sell it with his or her profit margin attached. Markets do not usually go straight up or straight down in price, and gold is no exception.