Gold spot prices, refreshed every sixty seconds.
Spot quotes from the live metals feed, daily settlement history from COMEX and reference FX from the European Central Bank.
Where gold sits in its own cycle
Gold is priced in dollars and pays no yield, so the dollar index and the US 10-year real yield are the two macro series that move it most reliably. A stronger dollar or higher real yields raise the opportunity cost of holding metal; the reverse tends to support it.
How to read this page
Spot is a wholesale reference, not a purchase price
The figure at the top of this page is the price at which unallocated 400oz London Good Delivery bars change hands between professional counterparties. No private investor transacts there. What you actually pay is spot plus a fabrication and distribution premium, and what you receive when you sell is spot minus a dealer's bid discount.
The gap between those two numbers — the round trip — is the single most important cost in physical gold, and it is much larger than most annual storage fees. A 4% retail premium on entry takes over thirty years of 0.12% custody to match.
Why the same ounce has several prices
London sets the wholesale benchmark, COMEX in New York sets the futures reference that most screens quote intraday, and Shanghai often trades at a premium or discount reflecting Chinese import demand. Small divergences between them are normal and reflect financing, freight and local tax rather than mispricing.
The number here tracks the spot market in US dollars. If you buy in euros, sterling or rupees, your entry also depends on the exchange rate at the moment of execution, which can move more in a day than the metal does.
What moves the price
Gold pays no coupon, so its main competitor is the real yield on short and medium-dated government debt. When inflation-adjusted yields rise, holding a non-yielding asset costs more in opportunity terms and gold typically struggles; when they fall, the reverse applies.
The dollar index matters because the metal is quoted in dollars: a stronger dollar mechanically raises the local-currency price for everyone else and dampens demand. Central bank buying, ETF flows and physical demand from India and China set the slower-moving floor beneath those two levers.
Using this data responsibly
Prices refresh automatically while the page is open and carry a visible timestamp. Treat them as an indicative market reference for research, not as an executable quote — the only executable price is the one your dealer or platform shows you at the moment you commit.
Nothing on this page is advice. Intraday moves of one or two percent are routine in gold and say very little about a multi-year holding.
Frequently asked
- What is the gold spot price?
- The spot price is the London reference price for immediate settlement of unallocated gold, quoted per troy ounce. It is the benchmark every dealer premium is measured against.
- Why is the price I am quoted higher than spot?
- Because a dealer price includes fabrication, distribution, dealer margin and payment costs. That difference is the premium, and it is the main variable our comparison table tracks.
- How many grams are in a troy ounce?
- 31.1034768 grams. Our per-gram figures use that conversion applied to the live ounce quote.
- Why do currency prices differ from a simple conversion?
- Non-USD quotes on this page apply European Central Bank daily reference rates to the live USD quote. A dealer using its own intraday rate will differ slightly.
Continue on YourGoldHub
Spot is only half the price you pay.
Compare dealer premiums and annual custody fees measured against the same live reference price.