What is the Price of Gold
WHAT IS THE PRICE OF GOLD⇒
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With rising Gold prices, many people ask, What is the Price of Gold? On the upper right-hand side of this page you will see a box that says “Current Spot Price.” Within that box there is a Gold Listing that displays the current price of gold, that is update every 60 seconds. The price of Gold changes constantly according to market fluctuations. Always remember that the price of gold today, may be different from yesterday’s gold price, or even tomorrow’s price; that is why we recommend that you check back regularly to qualitysilverbullion.com to see the updated price of gold, which is updated every minute.
The Price of Gold, is usually referred to as the Spot Price. The Gold Spot Price is updated minute by minute and can fluctuate quite rapidly depending on market conditions. When buying and selling Gold by the ounce, it is industry standard to measure it in Troy Ounces which is about 1.10 regular avoirdupois ounces. Gold is also sold in grams, kilos, etc… but when referring to the price of gold on charts and graphs, it is almost always priced by the troy ounce. It is important to know that when buying Gold in round, coin, or bar form that there is an additional fee added onto the spot price called the Premium.
When buying Gold in today’s market, sellers will take what is the current price of gold today, and add the premium to cover the minting fees and other costs. The goal of the buyer is to buy the highest quality gold, at the best possible price. From 2002 to 2012, the gold price increased by over 600% and still has room for investment growth (see chart to the right).
Quality Silver Bullion is always up to date on the current price of gold. As shown on this page, we base our price of Gold bullion on the New York Ask spot price. When placing an order for gold, a customer will lock in on the spot price, and a small premium will be added on for the minting fees. You will find that QSB’s total cost per ounce (Spot + Premium + Shipping) is very competitive! Be sure to check back regularly so you can stay up to date on what is the Price of Gold.
This image below shows the current bid price of gold, and shows a graph of the price changes in the last 24 hours.
