Precious Metal Spot Prices
Understanding Spot Price
The spot prices of the various precious metals are the constantly changing prices at which they are traded on the global market. Unlike futures prices, spot prices indicate the value of precious metals for immediate delivery. The spot price for a commodity fluctuates throughout the day as they are traded, and the price freezes when markets close. (In the U.S., most commodities markets close at 5:15 pm EST.) This is the “closing price,” which will be the starting point for trading the next day. The closing price on one exchange, however, does not necessarily match subsequent trading prices on other global exchanges.
Spot prices are the benchmark used by financial institutions, precious metals dealers, and investors to calculate the price at which varying precious metal products are bought and sold. Whether they are physical products (such as bars, coins, or bullion) or financial instruments (such as ETF shares), the spot prices of precious metals are the basis for how those products are sold and traded on the open market. Learn more about these concepts with our informative Beginner's Guide inside our Learning Center!
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Track Your Precious Metal Investments
Track the performance of your precious metals holdings with the Gainesville Coins Portfolio Tracker. This free service allows you to track the historical performance of your precious metal you are invested in.
You can create separate portfolios for each type of precious metal you own if you want to track your holdings in each metal separately, as well having a "master" portfolio to track the total value of all your precious metals together.