Gold Spot Price
Live gold prices and interactive charts
Frequently Asked Questions About Gold Prices
What is the spot price of gold?
The spot price of gold is the current market price at which gold can be bought or sold for immediate delivery. It represents the real-time value of one troy ounce of gold in the global commodities market. Spot prices change continuously during trading hours based on supply and demand dynamics.
Why does the gold price change?
Gold prices fluctuate due to several factors including economic uncertainty, inflation rates, currency strength (especially the US dollar), central bank policies, geopolitical events, and market demand from jewelry, industrial use, and investment purposes. Gold is often seen as a safe-haven asset, so its price typically rises during times of economic or political instability.
How often do gold prices update?
Our platform updates gold prices every minute, providing near-real-time data for accurate tracking. The global gold market operates 24/5, with prices changing continuously during trading hours. Major price movements often occur during London and New York trading sessions.
What is a troy ounce?
A troy ounce is the standard unit of measurement for precious metals, equal to 31.1035 grams. It differs from the standard avoirdupois ounce (28.35 grams) used for most other goods. The troy ounce has been the global standard for precious metals pricing since the 16th century.
Is gold a good investment?
Gold has historically served as a hedge against inflation and currency devaluation, often maintaining its value during economic downturns. However, gold doesn't generate income like stocks or bonds, and its price can be volatile. Financial advisors typically recommend gold as part of a diversified portfolio, usually comprising 5-10% of total investments. Always consult with a financial professional before making investment decisions.
What affects gold prices the most?
The primary factors affecting gold prices include: (1) US Dollar strength - gold typically moves inversely to the dollar; (2) Interest rates - lower rates make gold more attractive; (3) Inflation expectations - gold is an inflation hedge; (4) Geopolitical tensions - increases safe-haven demand; (5) Central bank policies and gold reserves; (6) ETF and investment demand; and (7) Jewelry and industrial demand, particularly from China and India.