What is the price of gold today?
Gold was trading at $2,357.82 per troy ounce as of 9 a.m. ET. That’s a +0.32% change since yesterday. The precious metal is up 14.11% since Jan. 1, 2024.
Over the last day, its highest trading price was $2,364.94, while its lowest was $2,347.70.
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
The chart below shows spot prices for gold over the last year. The data was updated at 9 a.m. ET and does not include intraday highs or lows.
Gold is up 14.11% from the beginning of the year, as of 9 a.m. ET. The 52-week intraday high reached $2,450.06 on May 20, 2024, and the 52-week intraday low dropped to $1,810.10 on Oct. 6, 2023.
Keep in mind that gold prices change in real time. Spot prices when you purchase may be significantly different if and when you decide to sell.
How to invest in gold
How to invest in gold
Owning physical gold isn’t like having stocks in an online brokerage. You’ll need a location to store it and likely want to insure it.
The difference between buying and selling prices is known as the spread if you’re trading physical gold. It’s something to note because that spread can end up eating your returns. Dealers typically fold markups and transaction fees into the spread. So your purchase price can be higher than current market rates. Likewise, the money you get for a sale may be less than the current spot rate.
Some alternatives to physical gold offer better liquidity. Those may include gold exchange-traded funds, gold certificates and gold trusts. While they can be easier to manage, they have their own risks. For instance, these investments can have management fees and may not precisely track prices.
Spot prices are, therefore, a general benchmark for gold prices. In practice, actual returns for trading gold can vary depending on your method.
Precious metals 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 $30.27 per ounce, as of 9 a.m. ET. That’s down 0.67% from the previous day’s silver price per ounce and up 26.53% since the beginning of the year.
The lowest trading price within the last day: $30.21 per ounce. The highest silver spot price in the last 24 hours: $30.67 per ounce.
Platinum spot prices
Platinum is rarer than gold or silver. The precious metal is used in catalytic converters to reduce exhaust fumes. As the auto industry pushes for cleaner cars, demand could rise, making platinum prices volatile and more challenging to predict.
The price of platinum opened at $1,014.10 per ounce, as of 9 a.m. ET. That’s up 1.16% from yesterday’s platinum price per ounce and up 2.67% year to date.
The lowest trading price within the last 24 hours: $999.01 per ounce. The highest platinum spot price in the last 24 hours: $1,016.05 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 $1,029.56 per ounce, as of 9 a.m. ET. That’s down 1.62% from yesterday’s palladium price per ounce and down 6.37% year to date.
The lowest trading price within the last 24 hours: $1,014.09 per ounce. The highest palladium spot price in the last 24 hours: $1,053.00 per ounce.
Frequently asked questions (FAQs)
The highest price gold ever reached was $2,450.06 on May 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 July 4, 2024, the price of gold rose from $2,066.32 per troy ounce to $2,357.82, representing a 14.11% increase.
