Gold Price Today
Today's Gold Price
| Per Gram | $106.29 |
| Per Ounce | $3305.94 |
| Per Kilo | $106285.97 |
Understanding Today’s Gold Price: What Drives It and Why It Matters
When investors talk about today’s gold price, they’re typically referring to the spot price of gold—the real-time value of one troy ounce of gold traded in the global financial markets. This price is set through active buying and selling of gold contracts on major exchanges such as the COMEX, London Bullion Market Association (LBMA), and Shanghai Gold Exchange. Most gold is traded in futures contracts, meaning it’s bought and sold well before it’s minted into coins or bars.
Gold Price Basics: How Spot Pricing Works
The gold spot price is a live figure based on the latest completed trade in the market. It reflects the balance between global gold supply and investor demand. This live pricing mechanism allows the market to respond instantly to changes in macroeconomic indicators, interest rates, geopolitical tensions, inflation expectations, and the strength of the U.S. dollar. Because of this, today's gold price can fluctuate many times per minute. Bullion dealers and investors closely monitor these movements to determine the price they’ll pay or charge for physical gold.
Retail Gold Prices and Dealer Premiums
The spot gold price serves as the foundation for pricing retail bullion products. However, the gold price that consumers pay includes more than just spot—it also incorporates a premium. This premium accounts for minting costs, dealer fees, transportation, and other overheads. For example, a 1 oz gold coin or bar might sell for a few percent above the spot price, depending on market conditions and product demand.
Factors Influencing Today’s Gold Price
A number of economic and political variables affect today’s gold price, including:
- Central bank policies and interest rate trends
- Global inflation and deflation concerns
- Currency market fluctuations (especially the U.S. dollar)
- Political instability or geopolitical tensions
- Investor sentiment and speculative demand
- Mining production costs and gold supply constraints
Even small shifts in any of these areas can trigger notable changes in the spot price of gold. Traders also analyze the difference between the spot and futures prices to gauge expectations for future gold demand.
Spot Ask vs. Spot Bid: The Market in Action
The spot ask price is the price at which gold dealers and commodity traders are willing to sell gold per ounce, while the spot bid price is what they’re willing to pay to buy it. This bid-ask spread reflects liquidity in the market and can narrow or widen based on volatility and volume. For investors or collectors looking to buy gold, understanding today’s gold price helps make better purchasing decisions and spot potential opportunities in the precious metals market.
Gold Bar Prices Today
Gold gram bars are readily available and traded in the bullion markets. The table below contains the current melt value and the lowest dealer asking price for gold by the gram.
| Gold Gram Size | Troy Ounces | Melt Value | Cheapest Dealer Price | Premium |
|---|---|---|---|---|
 1 gram gold bar |
0.03215 oz | $106.29 | $115.84 | 8.99% |
 2 gram gold bar |
0.0643 oz | $212.57 | $249.99 | 17.6% |
 2.5 gram gold bar |
0.0803 oz | $265.47 | $289.12 | 8.91% |
 5 gram gold bar |
0.1607 oz | $531.26 | $564.06 | 6.17% |
 10 gram gold bar |
0.3215 oz | $1,062.86 | $1097.38 | 3.25% |
 20 gram gold bar |
0.64300 oz | $2,125.72 | $2182.21 | 2.66% |
 31.1 gram gold bar |
1 oz | $3,305.94 | $3346.25 | 1.22% |
 50 gram gold bar |
1.60754 oz | $5,314.43 | $5408.88 | 1.78% |
 100 gram gold bar |
3.21507 oz | $10,628.83 | $10724.88 | 0.9% |
 500 gram gold bar |
16.075 oz | $53,142.99 | $54177.94 | 1.95% |
 1000 gram gold bar |
32.15 oz | $106,285.97 | $106893.23 | 0.57% |
Karat Gold Price Today
Karat gold is often found in jewelry. Use the table below for a quick reference for karat gold price per gram.
| Purity | Karat | Price Per Gram |
|---|---|---|
| 100.00% | 24k | $106.29 |
| 91.67% | 22k | $97.36 |
| 75.00% | 18k | $79.72 |
| 58.33% | 14k | $62.18 |
| 41.67% | 10k | $44.32 |
| 37.50% | 9k | $39.86 |
* Gold spot price is updated every minute
How many grams in an ounce of gold?
There are 31.15 grams in a troy ounce of gold. The troy ounce is the standard unit of measurement used in the precious metals industry, including for gold, silver, platinum, and other precious metals.
How is the price of gold per gram determined?
The gold price per gram is determined by the spot price, which is based on global commodities markets. The spot price is usually quoted in troy ounces, so to get the price per gram, the spot price in troy ounces is divided by 31.1035 (the number of grams in a troy ounce).
How do I calculate the value of my gold in grams?
To calculate the value of your gold, multiply the current spot price per gram by the weight of your gold. Using today's gold price, the formula to calculate the value of 5 grams of gold is:
Why are the retail prices of gold higher than the current spot price per gram?
The retail price of gold is higher than the spot price due to additional costs such as dealer premiums, fabrication, packaging, distribution, market demand, and taxes.
Gold dealers charge a premium over the spot price to cover their operational expenses and profit margins. Smaller denominations, such as gold bars by the gram, carry higher premiums compared to larger bars because the manufacturing and handling costs are relatively higher for smaller pieces.
Also, retail premiums increase during periods when demand for physical gold is strong, such as times of economic uncertainty, financial crises, and geopolitical instability.
While the spot price reflects the market price of gold for large-scale transactions, retail buyers purchasing smaller amounts typically pay more due to these added factors.
FindBullionPrices.com tracks prices of gold bars by the gram to help investors find the cheapest price.
