What is the price of gold today?
The price of gold traded at $2,517.49 per troy ounce, as of 9 a.m. ET. That’s up 1.23% from yesterday’s gold price per ounce and up 21.83% since the beginning of the year.
The lowest trading price within the last 24 hours: $2,482.19 per ounce. The highest gold spot price in the last 24 hours: $2,523.23 per ounce.
Gold spot prices
The spot gold price is XAU/USD, representing its price in U.S. dollars. For this symbol, it’s gold (XAU) trading against the dollar (USD). Other markets, though, trade in different currencies. The best-known labels include XAU/EUR for trading euros and XAU/GBP for British pounds.
Spot gold prices are listed as the price for a troy ounce. Troy ounces are used for trading precious metals and are slightly heavier than a standard ounce. However, prices can also be quoted in grams or kilos, so pay attention to the units.
Price of gold chart
This chart shows how gold spot prices have changed over the last year. The data iss updated at 9 a.m. ET and doesn’t have intraday lows or highs.
Year to date, gold is up 21.83% as of 9 a.m. ET. The 52-week intraday high reached $2,531.72 on Aug. 20, 2024, and the 52-week intraday low dropped to $1,810.10 on Oct. 6, 2023.
How to invest in gold
Buying physical gold is one of the most direct ways to invest in the asset. It can also involve storage or insurance costs.
The “spread” is the difference between buying and selling prices when trading physical gold. That spread can ultimately reduce investor gains. Dealers include their own markups and fees into those spreads. As a result, you might pay more to purchase gold than the current spot price. Similarly, your sale price might be less than what gold is trading at.
Some alternatives include gold exchange-traded funds, certificates and trusts. These can offer additional liquidity and make transactions easier. However, these methods usually include management fees, and they might not track the price of gold precisely.
So, spot prices are really more of a benchmark. The cost to buy or sell gold will likely include transaction costs or fees.
Precious metals spot prices
Precious metals are often used as investment vehicles but also have industrial uses. Like gold, the price of commodities like palladium, silver and platinum varies based on market forces. Due to their industrial applications, they also have other sources of demand.
Silver spot prices
Some investors use Silver to hedge against economic volatility. Besides its monetary value, silver has plenty of industrial uses. Precious metals are used in medicine, electronics, automobiles, and more. As a result, it trades differently than gold.
The price of silver opened at $28.78 per ounce, as of 9 a.m. ET. That’s up 2.44% from the previous day’s silver price per ounce and up 20.28% since the beginning of the year.
The lowest trading price within the last day: $28.03 per ounce. The highest silver spot price in the last 24 hours: $29.00 per ounce.
Platinum spot prices
Platinum is another precious metal that commands attention. Rarer than gold and silver, its primary use is in automotive catalytic converters, which help reduce harmful emissions. Given the push for cleaner automotive technologies, the demand dynamics for platinum can vary, influencing its spot price.
The price of platinum opened at $932.50 per ounce, as of 9 a.m. ET. That’s up 2.48% from yesterday’s platinum price per ounce and down 5.59% year to date.
The lowest trading price within the last 24 hours: $907.10 per ounce. The highest platinum spot price in the last 24 hours: $934.63 per ounce.
Palladium spot prices
Another precious metal used in catalytic converters is palladium. The trend toward stricter emission standards may support demand. Combined with palladium’s scarcity, the metal can also have significant price fluctuations.
The price of palladium is $939.50 per ounce, as of 9 a.m. ET. That’s down 2.16% from yesterday’s palladium price per ounce and down 14.56% year to date.
The lowest trading price within the last 24 hours: $931.50 per ounce. The highest palladium spot price in the last 24 hours: $951.87 per ounce.
Frequently asked questions (FAQs)
The highest price gold ever reached was $2,531.72 on Aug. 20, 2024.
Gold’s value tends to fluctuate based on economic, geopolitical and market factors, so the answer to this question depends on the period in which it is measured. It’s also difficult to pinpoint the direction of future price trends ahead of time.
From the beginning of the year to Sept. 5, 2024, the price of gold rose from $2,066.32 per troy ounce to $2,517.49, representing a 21.83% increase.