Gold & Silver & Precious Metals Price Charts | Gainesville Coins ®

Understanding Gold and Silver Spot Prices

The spot prices of the various precious metals are the constantly changing prices at which these physical metals are traded on the global market. Unlike futures prices, which quote prices for a settlement date in the future, spot prices indicate the value of an item for immediate delivery. It is the current price. This applies to base metals like copper or zinc just as much as it does to precious metals. Ultimately, prices reflect the balance of supply and demand. This is true whether it is gold spot prices, silver spot prices, platinum prices, or palladium prices.

How Gold & Silver Spot Prices Work

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. It's similar to how stock prices on the stock market work. The closing price on one exchange, however, does not necessarily match subsequent changes in pricing on other global exchanges.

The live gold price and silver price used to be based on the daily London Fix, but this is no longer the case. In addition to Hong Kong and Wall Street in New York, the largest such trading hub is the London precious metals market. It is overseen by the London Bullion Market Association (LBMA). This is where the largest number of vaults containing physical precious metals are located.

The LBMA Gold Price is used as a reference point by market participants all around the world. It can be converted to whatever local currency you choose, from Canadian dollars to Australian dollars to British pounds to Swiss francs, and so on. You can find live data and historical data about the gold market on the LBMA website.

How Gold & Silver Spot Prices Are Used

Live 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 real-time spot prices of precious metals are the basis for how those products are sold and traded on the open market.

Find all the information and data you need to make the most informed investment decisions when you buy gold, silver, platinum, or palladium. Please call us to ask any questions you may have.

Our Precious Metals Price Charts hub lets you view real-time and historical charts of all precious metals prices. Check the live precious metals prices today and over time on historical price charts covering the past 10 years.

Follow the links at the top and bottom of this page to see the individual pages for each metal to view current spot prices and interactive price charts. The current market price for each of the metals are quoted per gram, per troy ounce (oz), and per kilo. Live prices are updated every few seconds and are expressed in terms of U.S. dollars.

Follow the links below to view live price charts for each of the metals:

Current Gold Spot Price

Current Silver Spot Price

Current Platinum Spot Price

Current Palladium Spot Price

Check out these links for more information about current gold and silver prices:

Silver Premiums Explained: Insider Shares Knowledge!

Why Is Gold So Valuable? [Updated for 2023]

Inflation Is Here. Why Isn't Gold $3,000 Per Ounce Yet?

Is the Gold Price at a Turning Point?