Future Value. Save the values of the calculator to a cookie on your computer. Note: Please wait 60 seconds for updates to the calculators to apply. Display the values of the calculator in page header for quick reference.
Display total in header bar. The Holdings Calculator permits you to calculate the current value of your gold and silver. Enter a number Amount in the left text field. Select Ounce, Gram or Kilogram for the weight. Select a Currency.
NOTE: You must select a currency for gold first, even if you don't enter a value for gold holdings. If you wish to select a currency other than USD for the Silver holdings calculator. A range of other useful gold and silver calculators can be found on our Calculators page Gold Price Calculators. Gold Price Today. For 18 years, GoldPrice.
Daily Gold Price Charts. Friday, November 12, - World Gold Prices. Gold Price USA. Gold Price Europe. Gold Price Argentina. Gold Price Australia.
Gold Price Bahrain. Gold Price Brazil. Gold Price Canada. Gold Price China. Gold Price Colombia. Gold Price Croatia. Gold Price Denmark. Gold Price Egypt. Gold Price Hong Kong. Gold Price Hungary. For example, this occurs when an investor with a long position sells that position prior to delivery notice.
There is usually a difference between the spot price of gold and the future price. The future price, which we also display on this page, is used for futures contracts and represents the price to be paid on the date of a delivery of gold in the future. In normal markets, the futures price for gold is higher than the spot.
The difference is determined by the number of days to the delivery contract date, prevailing interest rates, and the strength of the market demand for immediate physical delivery. This is the change in the price of the metal from the previous close, which is not necessarily the previous day. Weekdays from PM NY time until midnight the previous close is from the current day. We use the last quote at PM as the close of that given day.
Change is always the difference between the current price and the price at pm. This is the change in the price of the metal from the price at the end of the previous trading session. Currently, the weekday closing time is PM Eastern Time. This is the change in the price of the metal from 30 days ago as opposed from the previous close. This is the change in the price of the metal from a year ago today, as opposed from the previous close.
Every precious metals market has a corresponding benchmark price that is set on a daily basis. These benchmarks are used mostly for commercial contracts and producer agreements.
These benchmarks are calculated partly from trading activity in the spot market. An OTC is not a formal exchange and prices are negotiated directly between participants with most of the transaction taking place electronically. Gold, actually trades 23 hours a day Sunday through Friday. Most OTC markets overlap each other; there is a one-hour period between 5 p. However, despite this one hour close, because spot is traded on OTC markets, there are no official opening or closing prices.
For larger transactions, most precious metals traders will use a benchmark price that is taken at specific periods during the trading day. The spread is the price difference between the bid and the ask price.
Both gold and silver are fairly liquid markets so traders can expect to see a fairly narrow spread in these markets; however, other precious metals may have wider spreads, reflecting a more illiquid marketplace. Because there is no official closing or opening price for gold or silver, market participants rely on benchmark prices, set during different times of the day by different organizations.
These benchmarks are also referred to as fixings. The benchmark price is determined twice daily in an electronic auction between participating banks with the LBMA, which is administered by ICE Benchmark Administration. For almost years, the main gold benchmark price was set by the London Gold Fix. The price was determined in a closed physical auction among bullion banks. A price is determined after most buy orders matched most sell orders.
These auctions would take place twice daily, once in the morning and once in the afternoon in London, England. The association shifted the price matching mechanism from a physical auction to an open electronic auction among its members.
Launched in , the benchmark price mechanism in China is known as the Shanghai Gold Benchmark price. The price setting follows the same process as the London Gold Price in that the price is set twice daily. However, it is denominated in yuan or renminbi rather than U. The price is also derived from a 1-kg contract. The benchmark is listed on the Shanghai Gold Exchange. One troy ounce of gold is the same around the world and for larger transaction are usually priced in U.
Traditionally, currencies that are stronger than the U. While gold is mostly quoted in ounces per U. The Kitco Gold Index KGX is an exclusive feature that calculates the relative worth of one ounce of gold by removing the impact of the value of the U.
The Kitco Gold Index is the price of gold measured not in terms of U. Gold and most precious metals prices are quoted in troy ounces; however, countries that have adopted the metric system price gold in grams, kilograms and tonnes. Though not as popular as kilograms and grams, Tael is a weight measurement in China. The tola is a weight measurement in South Asia.
A troy ounce is used specifically in the weighing and pricing of precious metals and its use dates back to the Roman Empire when currencies were valued in weight. The process was carried over to the British Empire where one pound sterling was worth one troy pound of silver. The U. Mint adopted the troy ounce system in An imperial ounce equals While you can buy gold in any currency in the world, it is important to realize that ultimately everything is based on the value of the U.
Given that the U. Reserve currencies are used to settle international transactions. The difference lies in the quality of the precious metal. So one should always buy high-quality gold. And to make sure of its quality, it is better to stick to the BIS hallmarked gold products. Determining gold rate. Explore our best selling categories. Gold rate in Agra. Gold rate in Ahmedabad. Gold rate in Bangalore. Gold rate in Bhubaneswar. Gold rate in Chandigarh. Gold rate in Chennai.
Gold rate in Coimbatore. Gold rate in Cuttack.
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