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Gold Bullion Average Spot Price Last 30 days

What is 'Spot Price'

Gold and silver are traded globally as commodities. Trading is done based on contracts for the future delivery of the precious metals. The spot price of gold or silver is the price that it is currently trading at based on the future delivery of the commodity contract. By being traded as futures on the COMEX market, most gold and silver is sold long before it is mined and refined into bullion products.

Silver and gold bullion dealers buy, sell and price their products based on 'spot price'. The spot price of gold refers to the price of one troy ounce of gold and the spot price of silver refers to the price of one troy ounce of silver. Gold and silver must be of specific fineness requirements

Gold Purities and their gold spot price

Gold Price Per Ounce

Karat Purity 1 oz 1/2 oz 1/4 oz 1/10 oz Per Gram
24 karat 100.00% $1333.70 $666.85 $333.43 $133.37 $42.88
22 karat 91.67% $1221.67 $610.83 $305.42 $122.17 $39.28
18 karat 75.00% $1000.28 $500.14 $250.07 $100.03 $32.16
14 karat 58.33% $780.21 $390.11 $195.05 $78.02 $25.08
10 karat 41.67% $556.15 $278.08 $139.04 $55.62 $17.88
9 karat 37.50% $500.14 $250.07 $125.03 $50.01 $16.08
* Gold spot price is updated every minute