Gold as an investment: Daily Gold Price History
What is Gold Spot Price?
The spot price of gold is the most common standard used to gauge the going rate for a troy ounce of gold. The price is driven by speculation in the markets, currency values, current events, and many other factors. Gold spot price is used as the basis for most bullion dealers to determine the exact price to charge for a specific coin or bar. These prices are calculated in troy ounces and change every couple of seconds during market hours.
Gold as an Investment
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.
Gold bars can range anywhere in size from one gram up to 400 ounces, while most coins are found in one ounce and fractional sizes. Like other precious metals, physical gold is regarded by some as a good way to protect themselves against the ongoing devaluation of fiat currencies and from volatile stock markets.
Buying gold certificates is another way to invest in the metal. A gold certificate is basically a piece of paper stating that you own a specified amount of gold stored at an off-site location. This is different from owning bullion unencumbered and outright because you are never actually taking physical ownership of the gold. While some investors enjoy the ease of buying paper gold, some prefer to see and hold their precious metals first-hand.
The gold price in USD displayed above is updated live, every minute.
Data is retrieved continuously 24/7 from the main marketplaces (LBMA, NYMEX, GLOBEX, HONG KONG). Gold prices in USD fluctuate in real time in response to buying and selling transactions, reflecting the dynamics of supply and demand.
The London Bullion Market Association (LBMA) plays a key role in determining the gold price by organizing the “London Gold Fixing”. This twice-daily process brings together the main players in the precious metals market, such as banks and brokers, to establish a reference price. This price serves as the basis for many international transactions.
The USD gold price is quoted in troy ounces, the official unit of measurement used on the professional market for spot transactions. One troy ounce of gold is equivalent to 31.1035 grams.
Gold, considered a safe-haven asset, sees its price influenced by various macroeconomic factors, such as interest rates, inflation and currency fluctuations. In addition, industrial and jewelry demand, as well as central bank reserves, play a crucial role in gold price trends.
With GoldBroker.com you buy and sell physical gold based on the spot gold price in Euros, US Dollars, Swiss Francs, British Pounds and Canadian Dollars.
Our range of gold products meets the needs of every investor. Purchase prices are transparent and vary according to bar weight, coin type and quantity of precious metal ordered.