Silver Gold Bull's Gold price chart displays real-time data for Gold prices today and the historical price of Gold per ounce. Please scroll down for a full, interactive gold price chart. Take your time and browse our most popular gold bullion categories. Sign up for a Spot Alert and get notified when your target gold price gets hit.
The human race has had a historical relationship with gold dating back to our earliest civilizations. As we examine the past what becomes clear is that our earliest rulers didn’t just own gold, they were obsessed with it. They clad themselves in it, and used it to embellish their most sacred monuments, holy shrines, burial sites and temples of worship.
Since many age-old societies actively worshipped the sun as a god, it is understood that the colour of gold and the golden colour of the sun became correlated, allowing the ruling class who shone in golden light to possess the unquestionable allure of god-like reverence. From the perspective of the early common people, gold was seen as something precious and god-like that only the ruling elite were entitled to own.
As centuries passed and cultural values began to evolve, commoners slowly began to own tiny amounts of gold. Because it was so scarce and so many buyers wanted to own it, the price of gold was extremely high, as it was "of the gods". This high valuation of gold has trickled down through history and evolved into the present day.
In our society where billions are made daily in the stock market, what purpose does gold serve to the modern investor?
The up and down valuation of global economic markets perpetually fluctuates from one moment to the next. Each sector, whether it be technology, medicine, finance, bio tech, heavy industry, natural resources and so on all are connected to the ever-changing landscape of global market valuation. Due to the extensive factors involved in predicting the future of market trends, even some of the wisest investors can't say with certainty what the future holds for their investments. With the impending threat of a market crash looming forever tomorrow, where is the safest place to invest in order to have the highest ROI? A useful tool to aid investors through market crashes is a healthy investment in gold bullion. Gold offers a form of economic insurance to investors and has no other equivalent - as markets crash and stocks drop off the charts, gold historically enters into a powerful up-trend bull run.
Investors across the globe agree that all bubbles burst, which is a phrase used in economics to express “all market up-trends will eventually become down-trends”.
What is critical to understand about this recurring phenomenon is that these up and down cycles are necessary balancers for the fair valuation of global markets.
When the stock market becomes too over-valued and warning signs of an impending crash start flashing, nervous investors looking to earn the maximum ROI from their portfolio begin pulling out their assets in vast numbers, sensing their patiently earned gains may soon vanish. This frenzy of sell-off behaviour across the market pushes towards an irreversible tipping point. At this time, much of the stock market becomes bearish and succumbs to buyer fears and economic turbulence.
Wise investors know that investing in gold prior to a market crash is one of the smartest situations to be in financially.
Gold is the ultimate “safe haven” investment for the veteran investor.
Gold, silver and other precious metals and their cycles of fair valuation have a unique relationship with up and down trends in the stock markets. In a market crash scenario, as traditional stocks plummet in value, a gold bull market quietly begins to take shape. Gold prices historically rise after these major market crashes as more and more investors push their currency into precious metal assets, knowing the value of their dollars will be stored and grown. This gold bull run cycle typically last several years and has historically been very rewarding for investors.
When markets crash, investors are selling stocks in a frenzy. In the months ahead, economic uncertainty conditions the populace to save their money as much as possible and not to spend. Like an economic time-bomb, these dollars sit quietly, waiting to be put to work. When this frugality mindset breaks and confidence is restored in the market, a large-scale sudden wave of spending can cause a rapid influx of dollars to flood the economy.
When there are more dollars to spend on goods than there are goods to sell, increased levels of inflation (“the hidden tax”) or even the rare economic killer known as “hyper-inflation” has historically occurred soon after. When this phenomenon begins, inflation spirals out of control and collapses the economy into a devastating state, similar to the hyper-inflation of German currency leading up to WWII.
Currencies simply do not store value through turbulent economic periods and can actually become quite useless. The Germans used to burn their currency for warmth because it was more expensive to buy firewood!
Without a safe place to store the value locked inside our hard-earned currency, an investor can suffer a tragic, but preventable loss - unless of course their value is protected in the form of gold bullion.
Follow real-time gold price changes with our live gold price chart. Examine historical data over the past 30 years to gain insight into how the price of gold trends in the long-term. Our charts are easy to use and always up to date with the latest gold prices. Hover over any point in the chart to see specific gold price information for that particular point in time.
Like any other publicly-traded commodity, there are many factors that determine the spot gold price. In light of these variables, live gold prices are volatile and change every minute of every day.
A few major factors that determine the current price of gold include (but are not limited to):
-Real world events -Investor and market speculation -Supply and demand -Corporate buying power -Value of world currencies
Real world events shape the price of gold in many different & unpredictable ways. For example, if uncertainty in the economy were to create a massive sell-off in the stock market, physical gold traditionally becomes a stable and safe place to invest over the next turbulent years.
Aside from buying and selling gold at its current monetary value, investors and market speculators also invest in gold futures over the short and long-term. Gold speculation has a direct impact on the daily price of gold, as traders are less likely to sell if the gold price continues to rise.
Buying power refers to influential purchase orders on gold bullion. Large scale investors, investment institutions, banks & governments occasionally buy or sell gold in massive quantities and as a result, the price of gold suddenly moves to reflect the ratio of supply and demand within the global market.
Currency valuation is also tied directly to supply and demand. As the USD strengthens, the price of gold decreases. As the USD weakens, the price of gold increases.
Our tracking software makes it possible for us to help you track the price of gold day-over-day. Set your ideal gold price per ounce, and we will send you a notification via text or email when the current market price of gold has reached your target.
Our gold price alerts will:
Help you maximize the ROI for your bullion purchase Optimize your market exit strategy Keep you up-to-date with incremental changes to the price for gold
The gold spot price refers to the current price of raw gold per troy ounce before any refining or manufacturing costs, transportation costs, dealer premiums and/or taxes. This price metric is based on global values and is the same no matter where one is located in the world as translated into local currency.
The gold spot price today abides by a global standard to avoid arbitrage. Arbitrage refers to the practice of buying a commodity in one market and selling it for a higher value in another market. This practice would undermine the structural integrity of global markets and make speculative investing impossible. Monitor the live spot gold price today on our website to gain the best insight into future market trends.
Just like in any other form of investing, future ROI gained is set upon purchase. Tracking the live spot gold price should be the most important variable in your decision to invest. When purchasing any bullion investment, just like in all other forms of investing, buy as low as possible and sell in waves near the peak.
The retail price of any gold bullion product is simply the gold spot price plus a small premium to cover dealer charges. The premium will vary depending on the dealer, but a reputable dealer will not charge a high premium for the sale of gold coins or gold bullion. This means if the live gold spot price is listed at $1,300 per troy ounce, you should always expect to pay more than that to purchase your bullion investment.
Like all forms of gold, the price of gold coins will fluctuate depending on the gold spot price. When investing in coinage, be aware of the other factors that influence the price. The mintage, scarcity, numismatic value and condition of the coin itself are four secondary influencers that may affect the gold price of any gold bullion product on the market.
There are both private and sovereign mintage establishments that produce gold coins, and the volume of their production has an effect on the price of every gold coin product. Despite these market intangibles, gold coins and bullion are excellent ways to keep your investment portfolio diversified.
We provide an excellent resource to help you track the live gold price today. Our real-time updates mean that you will not miss your target in the volatile and exciting world of gold trading – a world in which price can fluctuate quite broadly over a 24 hour period. Take advantage of our interactive graph that provides gold price information over the past few decades. Once you understand the historical trajectory of the price of gold it will become much easier to make an informed investment decision moving into the future. Monitor the live gold price today and stay on top of your investments.
In ancient times, the price of gold was high because it was one of the most coveted and valuable of commodities. Today, the gold price per ounce is still extremely high, and determined by many more factors.
Pure gold is very expensive to mine and refine. Mining industries on average must move 9.4 tons of earth in order to procure the weight of approximately one golf ball sized sphere of pure gold. The difficulties don’t end there however – gold is frequently alloyed in with other raw metals and requires an expensive purification process to fully separate.
The jewelry industry also has a major impact on the price per ounce of gold. This should come as no surprise, given that gold is the most sought-after jewelry commodity for weddings, fashions and exquisite gifts. Approximately 46% of gold demand in Q1 2017 came from the jewelry market. If the demand for gold jewelry goes up from one year to the next, the supply of gold will have to rise to meet this demand.
In the tech industry, gold holds unique properties as a corrosion-resistant electrical conductor. Including gold inside many modern electronic devices has become a staple for manufacturers globally. This industrial demand for gold adds to the scarcity, playing a role in determining it’s price. As time moves forward more and more gold will be consumed by this industry.
Central bank reserves are also instrumental in setting the price for gold. Central banks engage in the buying and selling of gold in huge quantities. As national economies move away from paper money, central banks will only continue to invest more into their gold reserves. Gold has always been a stable and reliable investment opportunity, which drives the price of gold up on the markets once again.
In the United States, there is a general inverse correlation between the value of USD and the price of gold. When the USD is strong, the price of gold falls. When the price of gold rises, the USD weakens.
This once again highlights one particular determining factor for the true importance of bullion gold - it is able to store value as currency weakens in global markets.
The price of gold will change each day because it is connected to so many inter-related market determinants, including investment practice, speculation price, supply, demand, currency evaluation, and social-economic factors. In comparison with exchange-traded funds, gold bullion and other gold products are relatively stable.
If you look at your historical graph charting the price of gold, you will see that the lowest point in the past five years for the price of gold fell on December 2, 2015 at 12:30 p.m. (CT). The price listed at this point in time was $1,057.10 USD per troy ounce, and has since bounced back over the past few years. If you are interested to know the price of silver, platinum or palladium, you can use our price chart to find out how those prices compare to that of gold.
You can also consult our live gold price chart to see when the price of gold per ounce was at its highest. As our gold price chart indicates, the 10-year high for price of gold is $1,905.10 USD per troy ounce. This record was hit on September 5th, 2011 at 12:30 p.m. (CT) and has yet to be beaten.
Over a 10-year span, the gold price has widely fluctuated. Consider that on June 11th, 2007 at 12:30 p.m. (CT) the price of gold hit a low point of $652.28. Consult our live gold price chart to see the trends for gold, silver, palladium and platinum over the same 10-year span.
On our SilverGoldBull.ca website we display the price of gold in a number of different measurements – per gram, per ounce, and even per kilo. Our calculator uses the most up-to-date live data to ensure you are able to make the wisest decisions possible.
As our gold price chart indicates, the 10-year high for price of gold is $1,905.10 USD per troy ounce. This record was hit on September 5th, 2011 at 12:30 p.m. (CT) and has yet to be beaten. If you are wondering how the price of other metals compare to the price of gold, use our price chart to see the value of palladium, silver and platinum over the same times.
The live spot gold price is listed on our site is in CAD. If you are living outside of Canada, our spot gold prices can be converted to a regional currency for transactions done in your country. The currency evaluation will always reflect the gold price of 1 troy ounce. This is the standard framework upon which gold bullion and coinage trades in the international market.
The gold price in Canada fluctuates on a minute-to-minute basis. Our live gold spot price chart provides a thorough and intuitive display & summary of gold prices over the past 30 years. We list the price of gold in CAD as our website primarily serves the gold bullion market in Canada.
There are always changes underway that will affect the live price of gold, whether in the next hour or in the next week. From anywhere in the world you can track the changing price of gold in real time from our website.
In general, trading on the gold market runs from 6 p.m. (ET) to 5:15 p.m. (ET) from Sunday to Friday. That leaves a 45 minute pause every day when markets are closed, but it does not slow the frenetic pace of investor transactions.
Premiums are an added cost to any gold transaction, which take into account four different fees: the live gold spot price, a fabrication fee, a distribution fee and a dealer fee.
When it comes to evaluating gold prices in coins, the numismatic value and/or collectible value must be accounted for. The numismatic value refers to the relative rarity of the coin. If the coin is deemed to be exceptionally rare, the premium will be higher, and thus push the actual price up.
While it might surprise you that numismatic value is an added cost, keep in mind that the price of gold coins is increased by rarity, scarcity, quality of production and the demand for similar items.
Gold bars, on the other hand, have low numismatic value. The large slabs of gold are popular specifically for this reason and carry a lower market price.
Numismatic value refers to certain beneficial features of a gold coin that increase its price. These include rarity, scarcity, artistic merit, age, condition, and so forth. It’s up to you as an investor to decide if numismatic value is something to focus on or not. The upfront cost is always higher for gold with numismatic value.
To estimate numismatic value, take the total gold price of a numismatic 1oz coin and subtract the live gold spot price, fabrication costs, distribution fees and dealer mark-up. What remains is the current approximate numismatic value of the coin. While these numbers are sometimes hard to predict, doing the math before buying or selling will give you a more accurate estimate of what your ROI will look like.
There are two major forms of gold available for trade on the market. The first type of gold bullion is gold bars. The gold bar price is the combination of the gold spot price for the amount of troy ounces contained therein along with any additional costs of fabrication, distribution, and a dealer fee. This math will give you the actual price of your gold bar investment.
The second type of gold is gold coinage. To calculate the gold price of coins, we must take into account factors like mintage, the total number of similar minted coins on the market and the quality of the coins in question. The price of gold coins is harder to estimate because it considers more intangibles. As a result, the overall premium cost for gold coins is higher than that of gold bars.
Sovereign minted gold coins differ from privately minted bullion coins because sovereign coins are manufactured by government mints. Considering their scarcity, age and numismatic value, these gold coins are prized by collectors and are highly sought-after. Within the past hundred years many of these coins had been in circulation as money and were stamped with a number that reflected their value at the time. The actual value of gold they contain will always be higher than its stamped face value.
Gold prices are always measured in troy ounces. A single troy ounce is one-tenth heavier (equal to 1.09711 ounces) than the traditional “avoirdupois” ounce and has been set internationally as the standard upon which gold prices are measured. Some investment websites will measure gold by the gram or in kilos, as well as ounces. As global markets trade in troy ounces, it is advisable to always calculate your gold bullion investments in troy ounces.
When assessing multiple pounds of gold, keep in mind that one pound of gold works out to be 12 troy ounces. If you prefer measuring in grams, consider that a single troy ounce works out to be 31.1035 grams.
We are the best resource online for comparisons on live gold prices. Our live gold price chart includes current day-to-day fluctuations on gold price, as well as silver, platinum and palladium prices for your investment considerations.
Our live gold price chart lists the price of gold in terms of ounces, but our gold price chart also breaks down each measurement for you in grams, ounces and kilos. Monitor changes in gold price accurately and conveniently with our live gold price chart today.
The Commodity Exchange Inc. (COMEX) is instrumental in setting the live spot gold price. While gold is traded on global markets every day, it is the evaluation given by COMEX that sets the benchmark price of gold.
Purchasing gold futures is a way to confirm the purchase or sale of gold to be delivered in the future, with the actual value of the gold in question locked-in and purchased in the present. Utilizing gold futures makes it possible for investors to speculate as to whether the price of gold will rise or fall in the coming months.
The gold bid price is what a consumer can expect to receive when selling 1oz of gold to a dealer.
The gold ask price is the expected price to pay for 1oz of gold when buying from a dealer.
The spread is a figure that represents the differential between the ask and bid price of gold. It is essentially the amount of profit the dealer makes in a gold transaction. You will be offered gold at the ask price, and when it comes time to sell, you can expect to receive the bid price.
The differences between silver and gold are correlated with a host of factors. The price of gold is far more expensive than silver - nearly 70 times more expensive! Gold is significantly harder to mine and purify, and thus more costs are associated with it’s production. Even though silver might be just as rare as gold, it will probably never come to be as expensive. Gold has had a much stronger historical demand going over the past 6,000 years when it was used for embellishment, decoration, money, and much more.
Track the ever-changing price of gold and silver on our interactive gold price charts and maps.
Investing in gold should be seen as a long-term investment. Gold tends to hold its value well over the long term, but it is always susceptible to market forces. Historically, the price of gold has been shown to increase as the US dollar decreases. Additionally, the value of gold has done well in even the most inflationary of periods. Investing in gold is an excellent way to keep a diversified portfolio for every investor.
The gold price and gold rate are exactly the same.
Always do a fair bit of research and assess the most reputable online bullion dealers. Check for any hidden fees or premiums that might be added onto each purchase.
Like any investment, gold comes with some risk. However, history shows us that gold has been a resilient investment in the face of economic uncertainty. A conservative way to invest in precious metals is to take the total cost of gold per ounce you are looking to purchase, and then break this down into equal investments over a few years. That way you can track the success of your investment and make informed decisions along the way.
Deciding on the type of gold you invest in depends on your current investment portfolio, and the amount of risk you are willing to accept. Investing in gold bars represents a relatively low-risk option with incremental long-term rewards. The gold price premiums are low and the option to sell is always available if the market continues to rise. If you want to diversify your portfolio with an investment like mutual funds or bonds, investing in gold bars is your best option.
Gold coins represent higher premium costs and a bit more risk, as your investment has a higher point to which it must rise to break even.
Storing bullion in a depository facility is the only real way to hold your precious metal in a fully insured fashion. Bank safe deposit boxes are explicitly uninsured, and your home insurance policy is unlikely to cover you in case of theft. We always recommend storing your precious metal investments in a third party storage facility with no ties to the banking system. Our fully allocated, fully segregated gold storage program keeps your holdings separate from other client's holdings, and they are audited and insured for their full value. Finally, your metal can be delivered to you quickly if you so desire, or you can access instant liquidity by selling the metal to us.
Our gold RRSP program allows you to hold physical gold and silver using your retirement funds. This allows your bullion investment to compound tax free for as long as the precious metals are held in your RSP account. Holding physical gold in your retirement accounts is a great diversification tool, as it is a real, hard asset that moves your account away from only holding paper promises that you own a piece of something. In a worst-case scenario, you can always have your precious metals physically delivered to you. Finally, when using a TFSA account to hold your precious metals you benefit from tax-free compounding, and can eventually have the metal delivered to you if you so desire without any tax consequences.
Seeking advice from a financial advisor is recommended to ensure you will make the wisest decision with your investment strategy.
The Role of Big Banks in Gold Market Manipulation
There are many theories regarding gold price market manipulation. While it is impossible to make a clear statement about this issue here, it’s worth reminding investors to track the live gold price daily and to always keep a balanced portfolio.
How Can I Be Sure the Price of Gold Won’t Become Too Volatile?
The international community of central bankers and investors set limitations on the market that keep the price of gold and silver secure. Working with a reputable dealer is the best way to avoid surprising last-minute charges or fluctuations in pricing.
The Gold-Silver Ratio
Gold and silver are often looked at in tandem because they are the two most sought after precious metals. That means if the price of silver is fluctuating in one direction, the gold price will probably fluctuate in the other direction. This ratio keeps the price of either metal from becoming overvalued.
How Can I Keep Track of the Changing Gold Price Today?
Use our interactive SilverGoldBull.ca live gold price chart to track real-time changes in the gold price so that you can feel confident in making the most informed investment decisions.