Alpha Coin and Jewelry Live Gold Spot Prices
View the live gold spot price per troy ounce, gram, and kilogram. You can also see the 24-hour price trend for each weight. Below, you’ll find an interactive live gold price chart with historical pricing as well as various historic long-term gold price charts.
Understanding the Gold Spot Price
What is the gold spot price?
Simply put, the fluctuating gold spot price is today’s standard price discovery mechanism used to help set and establish the cost of a single troy ounce of physical gold bullion.
The gold spot price plays a critical role in gold sales and live gold price dynamics, as well as in other investment arenas. You will also notice that during market trading hours, beginning in Asia late Sunday nights and throughout the workweek, the gold spot price is not constant – it often fluctuates and changes during trading days. These price fluctuations are usually minor, and should only play a decisive role in ultra-short-term investments, not in long-term gold bullion buying.
Quite a few different factors play a role in determining the spot price at any single time, including currency values, the supply and demand of gold bullion and gold derivatives (e.g. futures contracts, ETFs, options), current events affecting the financial markets and the world at large, market speculation, and more.
With that being said, the impact of governments, central banks, big banks, and even major investors can also affect the current (and future) gold price. For instance, the CME Group’s COMEX which mainly dictates the ongoing day-to-day spot prices for gold around the world. This entity openly encourages non-US central banks to actively trade gold futures contracts amongst other various precious metals, FX, and interest rate critical price discovery futures contracts.
As well, suppose the Federal Reserve began buying up private gold, or the European Central Bank started stockpiling gold bullion heavily. This surge in physical gold demand should cause prices to rise. Most gold bullion investors would need fiat currency offers for their gold many multiples higher than today’s price points in order to be moved to selling.
In general the higher the demand for gold bullion, the higher the gold spot price will rise. When major investors (e.g. billionaires) begin buying up large quantities of gold bullion, or gold mines, this can also affect the market and gold prices positively.
In the short to medium term, gold price dynamics can remain mostly influenced by derivatives traded on the COMEX, LBMA, etc. Contrarily the long-term price of gold is typically decided by gold’s supply-demand fundamental factors.
How to Invest in Gold
There are quite a few things you’ll need to know to use gold as an investment. One of those is the current gold price or spot price of gold. You’ll also need to determine how you will be investing. It’s possible to buy physical gold in the form of gold bullion. Still, you can also invest in ETFs, which are essentially paper certificates that attempt to mimic a specific amount of gold.
Physical gold is the preferred option for those who are going to buy and hold gold as a hedge against economic uncertainty, while certificates can be a better choice for those looking for a shorter-term investment option (think day trading). In addition, certificate holders will never take physical possession of the gold they own, which can be a drawback for some. In terms of gold bullion, you can invest in gold in the form of gold bullion coins like the Canadian Gold Maple Leaf coins or the American Gold Eagle coin, or in gold bars usually measured in grams, ounces, and kilograms.