Gold Price Today in USD | Gold Spot Price and Gold Chart

The spot gold market is trading very close to 24 hours a day as there is almost always a location somewhere in the world that is actively taking orders for gold ... 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USDollar USDollar AustralianDollar CanadianDollar Euro BritishPound JapaneseYen SwissFranc ChineseYuan HongKongDollar BrazilianReal IndianRupee MexicanPeso RussianRuble S.AfricanRand www.kitco.com GoldPriceinUSDollars Jan14,202205:10NYTime Bid 1,823.40 +1.20(+0.07%) Ask 1,824.40 GoldSpotPrice GoldPriceToday Change Goldpriceperounce 1,823.40 +1.20 Goldpricepergram 58.62 +0.04 Goldpriceperkilo 58,623.67 +38.58 Goldpriceinpennyweight 91.17 +0.06 Goldpriceintola 683.78 +0.45 Goldpriceintael(HK) 2,215.94 +1.46 GoldChart XAUUSDChartbyTradingView GoldFixes London Jan13,2022 AM PM 1,822.40 1,820.35 Shanghai Jan13,2022 AM PM 58.86 58.79 GoldHistoricalPerformance Period Change($) Change(%) 30Days 46.20 2.60% 6Months -3.80 -0.21% 1Year -23.10 -1.25% 5Years 626.60 52.35% Since2000 1,535.70 533.60% GoldRatios Commodities Ratios Silver 78.91 Platinum 1.87 Palladium 1.00 XAU 14.03 HUI 7.17 GoldPriceGuide WHATMAKESGOLDAPRECIOUSMETAL? Thisisaclassificationofspecificmetalsthatareconsideredrareandhaveahighereconomicvaluecomparedtoothermetals.Therearefivemainpreciousmetalsopenlytradedonvariousexchanges,goldisthebiggestmarket.Goldissometimesreferred toasmonetarymetalsasithashistoricalusesasacurrencyandisseenasastoreofvalue.Whilerelativelysmall,golddoesalsohaveanindustrialcomponentbecauseitislessreactive,agoodconductor,highlymalleableanddoesn’tcorrode. WHATISSPOTGOLD? Thespotgoldpricereferstothepriceofgoldforimmediatedelivery.Transactionsforbullioncoinsarealmostalwayspricedusingthespotpriceasabasis.Thespotgoldmarketistradingverycloseto24hoursadayasthereisalmostalwaysalocation somewhereintheworldthatisactivelytakingordersforgoldtransactions.NewYork,London,Sydney,HongKong,Tokyo,andZuricharewheremostofthetradingactivitytakesplace.Wheneverbulliondealersinanyofthesecitiesareactive,we indicatethisonourwebsitewiththemessage“SpotMarketisOpen”.Forthehighandlowvalues,weareshowingthelowestbidandthehighestaskoftheday. GOLDPRICE-FUTURESMARKET Thegoldfuturesmarketisoneofanumberofcommodityfutures,whereincontractsareenteredinto,agreeingtobuyorsellgoldatacertainpriceataspecifiedfuturedate.Goldfuturesareusedbothasawayforgoldproducersandmarketmakersto hedgetheirproductsagainstfluctuationsinthemarket,andasawayforspeculatorstomakemoneyoffofthosesamemovementsinthemarket. Apreciousmetalsfuturescontractisalegallybindingagreementfordeliveryofametalinthefutureatanagreed-uponprice.Thecontractsarestandardizedbyafuturesexchangeastoquantity,quality,timeandplaceofdelivery.Onlythepriceis variable. Hedgersusethesecontractsasawaytomanagetheirpriceriskonanexpectedpurchaseorsaleofthephysicalmetal.Theyalsoprovidespeculatorswithanopportunitytoparticipateinthemarketsbylodgingexchangerequiredmargin. Therearetwodifferentpositionsthatcanbetaken:Along(buy)positionisanobligationtoacceptdeliveryofthephysicalmetal,whileashort(sell)positionistheobligationtomakedelivery.Thegreatmajorityoffuturescontractsareoffset priortothedeliverydate.Forexample,thisoccurswhenaninvestorwithalongpositionsellsthatpositionpriortodeliverynotice. SPOTGOLDPRICEVSGOLDFUTURESPRICE Thereisusuallyadifferencebetweenthespotpriceofgoldandthefutureprice.Thefutureprice,whichwealsodisplayonthispage,isusedforfuturescontractsandrepresentsthepricetobepaidonthedateofadeliveryofgoldinthefuture. Innormalmarkets,thefuturespriceforgoldishigherthanthespot.Thedifferenceisdeterminedbythenumberofdaystothedeliverycontractdate,prevailinginterestrates,andthestrengthofthemarketdemandforimmediatephysicaldelivery. Thedifferencebetweenthespotpriceandthefutureprice,whenexpressedasanannualpercentagerateisknownasthe“forwardrate”. CHANGE(CHANGEINGOLDPRICEFROMPREVIOUSCLOSE) Thisisthechangeinthepriceofthemetalfromthepreviousclose,whichisnotnecessarilythepreviousday.Weekdaysfrom6:00PMNYtimeuntilmidnightthepreviouscloseisfromthecurrentday.Here’swhy:Thetimethegoldmarketstopstrading inNewYorkonweekdaysisfora60minperiod,from5:00PMNewYorktimeuntil6:00PM.Weusethelastquoteat5:00PMasthecloseofthatgivenday.Changeisalwaysthedifferencebetweenthecurrentpriceandthepriceat5:00pm.Forexample: Goldlasttradedat$1,200at5:00PMonJanuary17.IfitisJanuary17at6:30PMandthepriceis$1,202,wewillshowachangeof+2.00.IfitisJanuary18at5:00PMandgoldisquotedat$1,225thenwewouldshowachangeof+25.00atthat time. GOLDFUTURESCHANGE(CHANGEFROMPREVIOUSCLOSE) Thisisthechangeinthepriceofthemetalfromthepriceattheendoftheprevioustradingsession.Currently,theweekdayclosingtimeis2:00PMEasternTime. 30DAYCHG(30-DAYCHANGE) Thisisthechangeinthepriceofthemetalfrom30daysagoasopposedfromthepreviousclose. 1YEARCHG(1-YEARCHANGE) Thisisthechangeinthepriceofthemetalfromayearagotoday,asopposedfromthepreviousclose. HOWISTHELIVESPOTGOLDPRICECALCULATED? Everypreciousmetalsmarkethasacorrespondingbenchmarkpricethatissetonadailybasis.Thesebenchmarksareusedmostlyforcommercialcontractsandproduceragreements.Thesebenchmarksarecalculatedpartlyfromtradingactivityinthespot market. ThespotpriceisdeterminedfromtradingactivityonOver-The-Counter(OTC)decentralizedmarkets.AnOTCisnotaformalexchangeandpricesarenegotiateddirectlybetweenparticipantswithmostofthetransactiontakingplaceelectronically.Although thesearen’tregulated,financialinstitutionsplayanimportantrole,actingasmarketmakers,providingabidandaskpriceinthespotmarket. I'VEHEARDTHATGOLDTRADED24/7–ISTHATTRUE?ISTHEREANOPENANDACLOSE? Gold,actuallytrades23hoursadaySundaythroughFriday.MostOTCmarketsoverlapeachother;thereisaone-hourperiodbetween5p.m.and6p.m.easterntimewherenomarketisactivelytrading.However,despitethisonehourclose,becausespot istradedonOTCmarkets,therearenoofficialopeningorclosingprices. Forlargertransactions,mostpreciousmetalstraderswilluseabenchmarkpricethatistakenatspecificperiodsduringthetradingday. WHATISTHEBIDPRICEFORGOLD? Thebidpriceisthehighestpricesomeoneiswillingtopayforanounceofgold. WHATISTHEASKPRICEFORGOLD? Theaskpriceisthelowestpricesomeoneiswillingtosellanounceofgold. WHATDOESTHESPREADMEANFORTHEGOLDPRICEPEROUNCETODAY? Thespreadisthepricedifferencebetweenthebidandtheaskprice.Bothgoldandsilverarefairlyliquidmarketssotraderscanexpecttoseeafairlynarrowspreadinthesemarkets;however,otherpreciousmetalsmayhavewiderspreads,reflecting amoreilliquidmarketplace. ISTHEREAGOLDBENCHMARK? Becausethereisnoofficialclosingoropeningpriceforgoldorsilver,marketparticipantsrelyonbenchmarkprices,setduringdifferenttimesofthedaybydifferentorganizations.Thesebenchmarksarealsoreferredtoasfixings. TheLondonBullionMarketAssociation(LBMA)istheleadingorganizationthatisresponsibleformaintainingbenchmarksforallpreciousmetals.TheLBMAGoldPrice,theLBMASilverPrice,andtheLBMAPGMPricearethewidelyacceptedbenchmarksinthe preciousmetalsspace.Kitco.comalsoprovidesavarietyofbenchmarkpricesforgoldandsilver. ThebenchmarkpriceisdeterminedtwicedailyinanelectronicauctionbetweenparticipatingbankswiththeLBMA,whichisadministeredbyICEBenchmarkAdministration. GOLDFIXES Foralmost100years,themaingoldbenchmarkpricewassetbytheLondonGoldFix.Thepricewasdeterminedinaclosedphysicalauctionamongbullionbanks.Apriceisdeterminedaftermostbuyordersmatchedmostsellorders. Theseauctionswouldtakeplacetwicedaily,onceinthemorningandonceintheafternooninLondon,England. However,theLondonGoldFixshutdownin2015andtheresponsibilityformaintainingtheprocessfelltotheLBMA,whichcreatedtheLBMAGoldPriceonMarch2015.Theassociationshiftedthepricematchingmechanismfromaphysicalauctiontoanopen electronicauctionamongitsmembers. Thebenchmarkisstillsettwiceadayat10:30a.m.andthenat3p.m.Londontime. Therearethirteenparticipatingbanks,includingtheBankofChina,BankofCommunications,ChinaConstructionBank,GoldmanSachsInternational,HSBCBankUSANA,ICBCStandardBank,JPMorgan,MorganStanley,SociétéGénérale,StandardChartered,The BankofNovaScotia-ScotiaMocatta,TheTorontoDominionBankandUBS. SHANGHAIFIX Launchedin2016,thebenchmarkpricemechanisminChinaisknownastheShanghaiGoldBenchmarkprice.ThepricesettingfollowsthesameprocessastheLondonGoldPriceinthatthepriceissettwicedaily.However,itisdenominatedinyuan(orrenminbi) ratherthanU.S.dollars.Thepriceisalsoderivedfroma1-kgcontract.ThebenchmarkislistedontheShanghaiGoldExchange. ARETHEGOLDPRICESPEROUNCETHESAMEAROUNDTHEGLOBE? OnetroyounceofgoldisthesamearoundtheworldandforlargertransactionareusuallypricedinU.S.dollarsasthatisthemostactivemarket;however,thevalueofanounceofgoldcanbehigherorlowerbasedonthevalueofanation’scurrency. Traditionally,currenciesthatarestrongerthantheU.S.dollarhavealowervaluegold,pricewherecurrenciesthatarelowerthantheU.S.dollarhaveahigherprices.WhilegoldismostlyquotedinouncesperU.S.dollar,OTCmarketsinother countriesalsoofferotherweightoptions. TheKitcoGoldIndex(KGX)isanexclusivefeaturethatcalculatestherelativeworthofoneounceofgoldbyremovingtheimpactofthevalueoftheU.S.dollarindex.TheKitcoGoldIndexisthepriceofgoldmeasurednotintermsofU.S.Dollars,but ratherintermsofthesameweightedbasketofcurrenciesthatdeterminetheUSDollarIndex®. WHATISOZ,GRAM,KILO,TOLA,(ETC.)? Goldandmostpreciousmetalspricesarequotedintroyounces;however,countriesthathaveadoptedthemetricsystempricegoldingrams,kilogramsandtonnes. Grams=0.032151troyounces Kg=32.150747troyounces Tonnes=32,150,7466troyounces Tael=1.203370troyounces Tola=0.374878troyounce Thoughnotaspopularaskilogramsandgrams,TaelisaweightmeasurementinChina.ThetolaisaweightmeasurementinSouthAsia. WHATISTHEDIFFERENCEBETWEENANOUNCEANDATROYOUNCEWHENLOOKINGATAGOLDCHART? AtroyounceisusedspecificallyintheweighingandpricingofpreciousmetalsanditsusedatesbacktotheRomanEmpirewhencurrencieswerevaluedinweight.TheprocesswascarriedovertotheBritishEmpirewhereonepoundsterlingwasworthone troypoundofsilver.TheU.S.Mintadoptedthetroyouncesystemin1828. Atroyounceisaboutslightlyheavierthananimperialouncebyabout10%.Animperialounceequals28.35grams,whileatroyounceisequalto31.1grams. WHYISGOLDMOSTLYQUOTEDINU.S.DOLLARS? Whileyoucanbuygoldinanycurrencyintheworld,itisimportanttorealizethatultimatelyeverythingisbasedonthevalueoftheU.S.dollar.GiventhattheU.S.istheworld’sbiggesteconomyandoneofthemoststable,thedollarhasbecomea reservecurrency,meaningthatitisheldinsignificantquantitiesbyothergovernmentsandmajorinstitutions.Reservecurrenciesareusedtosettleinternationaltransactions.Sincethestartofthe20thcentury,theU.S.dollarhasbeenthe dominantreservecurrencyaroundtheworld. WHYARESILVERANDGOLDPRICESSODIFFERENT? Thereasongoldandsilverpricesvarywidelyboilsdowntoonesimplefact:rarity.Thelesssupplythereisofametal,thehighertheprice.Therefore,goldpricestendtobemuchhigherthansilverpricesbecauseitismuchhardertoget.Thereason supplyismuchlargerforsilverisbecauseitisaneasiermetaltomineanditisoftenminedasaby-producttoothermetalsmining.Theaverageoccurrenceofgoldinigneousrockis0.004partspermillion.Silvershowsupatarateof0.07 partspermillion. WHATISTHEPRICEOFTHEGOLDANDSILVERRATIO? Thegold-to-silverratioshowsyouhowmanyouncesofsilveritwouldtaketobuyanounceofgold.Iftheratioisat60to1,thismeansitwouldtake60ouncesofsilvertobuyoneounceofgold. Investorsusetheratiotodeterminewhetheroneofthemetalsisunderorovervaluedandthusifitisagoodtimetobuyorsellaparticularmetal. Whentheratioishigh,itiswidelythoughtthatsilveristhefavoredmetal.Whentheratioislow,theoppositeistrueandusuallysignalsitisagoodtimetobuygold. GOLDMINING Goldminingreferstotheprocessofmininggoldfromtheground.Thereareseveralmethodstoextractgoldfromthegroundincludingplacermining,panning,sluicing,dredging,hardrockminingandby-productmining.Althoughitishardtopinpointthe exactdateofwhengoldminingoriginated,somefindingsindicateitcoulddatebacktoatleast7000yearsago. Rightnow,BarrickGold,Goldcorp,NewmontMining,NewcrestMiningandAngloGoldAshantiareamongtheworldlargestgoldminingcompaniesbymarketcap. Theworld’sdominantgoldproducersincludeSouthAfrica,Australia,China,Russia,theUnitedStates,Canada,Peruandmore. WHATISTHEWORLDGOLDCOUNCIL? Foundedin1987,theWorldGoldCouncil(alsoknownastheWGC)isthemarketdevelopmentorganizationforthegoldindustryresponsibleforstimulatingdemand,developinginnovativeusesforgoldandtakingnewproductstothemarket.BasedintheU.K., theWGC’smembersincludemajorgoldminingcompanies.Therearecurrently17membersincludingAgnicoEagle,BarrickGold,Goldcorp,ChinaGold,Kinross,FrancoNevada,SilverWheaton,YamanaGoldandmore. WHATISTHELBMA? BasedinLondon,theLondonBullionMarketAssociation(LBMA)isaninternationaltradeassociation,whichrepresentsthepreciousmetalsmarketsincludinggold,silver,platinumandpalladium.Itisnotanexchange.Itscurrentmembersinclude140companies madeupofrefiners,fabricator,traders,etc.TheLBMAisresponsibleforsettingthebenchmarkpricesforgoldandsilveraswellasforthePGMs.Fortherefiningindustry,theLBMAisalsoresponsibleforpublishingtheGoodDeliveryList,which iswidelyrecognizedasthebenchmarkstandardforthequalityofgoldandsilverbarsaroundtheworld. WHATISGLD? SPDRGoldShares–widelyknownasGLD–istheworld’slargestgold-backedexchange-tradedfund.ManagedandmarketedbyStateStreetGlobalAdvisors,itisvaluedatover$40billionasofJuly2016.ItwaslaunchedinNovember2004andwasoriginally listedontheNewYorkStockExchangeunderthenamestreetTRACKSGoldShares.ItsnamewaschangedtoSPDRGoldSharesinMay2008andhasbeentradingontheNYSEArcasinceDecember2007.ItalsotradesontheHongKongStockExchange,Singapore StockExchangeandtheTokyoStockExchange. HOWDOCENTRALBANKSINFLUENCETHEPRICEOFGOLD? Acentralbankisanationalbankthatimplementsmonetarypoliciesandissuescurrencyforitsrespectivecountry.Italsoprovidesfinancialandbankingservicesforitscountry’sgovernmentandcommercialbankingsystem.Thismeansacentralbankcan affecttheamountofmoneysupplyinitscountrytohelpstimulatetheeconomyifneeded.TheFederalReserveistheUnitedStates’centralbankwhileEuropehastheEuropeanCentralBank(ECB).OthercentralbanksincludetheBankofJapan,the BankofEngland,People’sBankofChina,DeutscheBundesbankinGermany,tonameafew.Centralbanksarealsoresponsibleformanagingitscountry’sreserves,includingitsforeign-exchangereserves,whichconsistsofforeignbanknotes,foreign bankdeposits,foreigntreasurybills,shortandlong-termforeigngovernmentsecurities,goldreserves,specialdrawingrightsandInternationalMonetaryFundreservepositions. WHATMOVESTHEGOLDMARKET? Whilegoldisoneofthetopcommoditymarkets,onlybehindcrudeoil,itspriceactiondoesn’treflecttraditionalsupplyanddemandfundamentals.Thepriceofmostcommoditiesisusuallydeterminedbyinventorylevelsandexpecteddemand.Pricesrise wheninventoriesarelowanddemandishigh;however,goldpricesareimpactedmorebyinterestratesandcurrencyfluctuations.Manyanalystsnotethatbecauseofgold’sintrinsicvalue,itisseenmoreasacurrencythanacommodity,oneofthe reasonswhygoldisreferredtoasmonetarymetals.GoldishighlyinverselycorrelatedtotheU.S.dollarandbondyields.WhentheU.S.dollargoesdownalongwithinterestrates,goldrallies.Goldismoredrivenbysentimentthentraditional fundamentals. HOWDOINTERESTRATESMOVETHEPRICEOFGOLD? Insimplestterms,interestratesrepresentthecostofborrowingmoney.Thelowertheinterestrate,thecheaperitistoborrowmoneyinthatcountry’scurrency.Rateshaveanimpactoneconomicgrowth.Interestratesareavitaltoolforcentralbankers inmonetarypolicydecisions.Acentralbankcanlowerinterestratesinordertostimulatetheeconomybyallowingmorepeopletoborrowmoneyandthusincreaseinvestmentandconsumption.Lowinterestratesweakenanation’scurrencyandpush downbondyields,botharepositivefactorsforgoldprices. WHATISQUANTITATIVEEASING? Quantitativeeasingisamonetarypolicytoolusedbycentralbankersinresponsetothe2008financialcrisis.ThetoolwasfirstusedinJapanbutbecameawidelyusedterm–punnedQE–afterformerFederalReservechairBenBernankeintroducedthe conceptintheU.S.inresponsetothefallofmajorinvestmentbankLehmanBrothers.Bernankepurchasedbaddebtoffothermajorcommercialbanksinordertopreventthemfromdefaulting,whilesimultaneouslyincreasingthemoneysupply.Since then,othercentralbankshaveimplementedthistoolincludingtheEuropeanCentralBankandtheBankofJapan. QEhasrisksincludingincreasinginflationiftoomuchmoneyiscreatedtopurchaseassets,orcanfailifthemoneyprovidedbycentralbankerstocommercialbanksdoesn’ttrickledowntobusinessesortheaverageconsumer. WHATISASAFE-HAVENASSET? SinceancientEgypt,goldhasbeenthoughtofasastoreofwealth.Historically,despiteitsvolatility,goldtraditionallyperformswellduringperiodsoffinancialturbulenceoreconomicweakness.Tohelpstabilizeaneconomy,acentralbankwillloosen itsmonetarypolicyorthegovernmentwillintroducefiscalinitiative,thesemeasurescanimpactanation’scurrencyandultimatelyincreasedomesticgolddemand.Investorsbuygoldwhentheyloseconfidenceintheircurrency. WHENWASGOLDFIRSTUSEDASACURRENCY? Goldhasalonghistoryofbeingamonetarymetalandstoreofvalue.ArcheologistshavefoundevidencethatgoldcoinswerefirststruckontheorderofKingCroesusofLydia–apartofpresentdayTurkey,around550BC.Thelumpsofmetalwereknown as“electrum.” WHATARETHEMOSTPOPULARGOLDCOINS? Everymajormintproducestheirowngoldbullioncoinsandareextremelypopularforinvestorswhowanttoholdphysical metal.Whileonlygovernmentmintscanproducegoldcoinswithamonetaryfacevalue;however,thefacevalueiswell belowacoin’sintrinsicvalue.Alongwithgovernmentmintsthereareavarietyofprivatemintsthatproducesimilar productsreferredtoasgoldrounds. OfallgovernmentmintsonlytheSouthAfrican’sKrugerrandgoldcoindoesnothaveafacevalueanditsvalueis completelybasedontheglobalgoldprice. Herearethetopfivegoldcoinscurrentlyavailable. SouthAfricanKrugerrand AmericanEagle CanadianMapleLeaf ViennaPhilharmonicCoins BritishBritanniaCoin WHENISTHEGOLDPRICETHESTRONGEST? Itcanbedifficulttopredictthenextmajorrallyingoldasitisstronglydrivenbysentiment.Golddoeswellinperiodofhighuncertainty,ashiftinginflationaryenvironmentandduringperiodsofcurrencydebasement;however,historically,there havebeenhighandlowseasonalperiodinthegoldmarket.Historically,Septemberisgold’sstrongestmonth.Manywesternjewelerstarttobuildtheirgoldinventoriesduringthistimetopreparefortheholidayseason.Thenextstrongestmonth isJanuary,whichtraditionallyseesstrongbuyingamongEasternnationsaheadoftheLunarNewYear.TheworstmonthhashistoricallybeenMarch,AprilandthenJune. SilverPriceToday 23.11 +0.05(+0.22%) PlatinumPrice 976.00 +6.00(+0.62%) PalladiumPrice 1,821.00 -11.00(-0.60%) VideoNews ‹ › MoreVideos... Buy/SellGold&Silver BullionCoinsandBars More ShopBullionDeals shop: gold | silver | platinum | palladium | callnow!1877775-4826 LatestArticles News VideoNews Commentaries GoldandsilvertradehigherleadingintotheEuropeanopen Jan14,202202:33AM Don'tletthesemarketriskswipeoutyourportfolioin2022-PeterGrandich'sbiggestpredictions Jan14,202202:27AM Listeningtogloom-and-doomerswillmakeyouloseoutonanotheryearofgains-DavidBarse Jan14,202212:57AM Inflationisnowat7%,thehighestin40years,andwillstayuntil2024-SteveHanke Jan13,202210:44PM U.S.equitiesandpreciousmetalsreacttotherealpossibilityofliftoffinMarch Jan13,202208:11PM U.S.equitiesandpreciousmetalsreacttotherealpossibilityofliftoffinMarch Jan13,202208:10PM CPMTradeSignal-Jan.13,2022 Jan13,202211:06AM Thursday'sForexAnalyticalCharts,January13 Jan13,202210:51AM Thursday'sChartsforGold,SilverandPlatinumandPalladium,Jan.13 Jan13,202210:49AM Gold,silver,andplatinumreversetolong Jan13,202209:00AM