Gold Price Today

Gold Price Today is driven by a powerful mix of global forces. Central banks regularly adjust their gold reserves in response to economic uncertainty, inflation, and policy changes. This demand, combined with investment trends and industrial uses—from electronics to aerospace—creates daily market movement.​

Key drivers of today’s gold price:

• Central bank buying and currency policy shifts
• Inflation cycles and interest rate changes
• Industrial demand from tech and healthcare
• Geopolitical tensions and risk sentiment​

Use our interactive chart above to see live gold price movements and make informed decisions for your investments.

Silver Price Today

Silver Price Today reflects the unique dual role of silver as both a key industrial metal and a sought-after investment. The boom in green energy—especially solar panel production—has sharply increased demand. At the same time, supply shortages from mining and recycling trigger price surges and trend-defining deficits.​

Main factors influencing silver prices:

• Industrial demand: solar energy, electronics, medical technology
• Supply constraints: mining output, recycling bottlenecks
• Investment shifts during periods of uncertainty
• Cycles of market surpluses and deficits​

Compare today’s silver prices in real time and assess market trends for smarter investment decisions.

Spot Price vs. Futures Price

Spot price is the immediate, current market price for buying or selling precious metals with instant delivery. In contrast, futures price is the agreed-upon price in a contract for delivery of the metal at a set future date. The difference often comes from storage costs, interest rates, and anticipated changes in supply and demand, a relationship known as the basis.​

Both prices interact, but spot price is what buyers and sellers pay at this moment, while futures reflect forecasts and contractual terms.

Precious Metal Spot Price Frequently Asked Questions (FAQ)

What is bullion?
Bullion refers to precious metals—primarily gold and silver—that take the form of bars, coins, or rounds. These items are valued strictly for their precious metal content and purity, rather than artistic merit or collectible value.​ However, there are some items that may have extra value to them due to specific item demand. For example, US gold eagles tend to be valued slightly higher than South African gold kruggrands, even though they’re both an ounce of gold, because there’s more demand for US gold eagles. 

What’s more valuable: coins, bars, rounds, or jewelry?
Coins and bars generally offer higher purity and more recognition worldwide, so they tend to fetch prices near the spot value. Rounds are usually similar but can carry slightly lower premiums. Jewelry often sells lower than the spot price because of design, labor costs, and variable purity.​

What are diamonds worth?
Diamonds can be surprisingly disappointing in resale value. Due to oversupply and declining market demand—especially with lab grown diamonds becoming far more popular—most diamonds are worth much less than expected when re-selling. Lab grown diamonds are especially affordable, often costing 70-80% less than their natural counterparts and typically holding little to no resale value.​

How much will I actually get for my gold and silver?
What you receive depends on the item’s purity, weight, and type (coins, bars, jewelry). The Gold Guys have a reputation for paying the most, so your payout with us is typically higher versus other dealers. Jewelry and scrap usually sell for less than pure bullion, but you’ll get a high, competitive offer.​

How often does spot price change?
Spot prices for precious metals update constantly throughout trading hours, reflecting live changes in supply, demand, and global market sentiment. It’s not unusual for prices to change hundreds of times a day.​

Do I have to pay taxes when selling gold or silver?
Taxes on sales depend on local laws and whether you’ve made a profit. In the United States, capital gains taxes may apply when you sell at a higher price than you paid. Always consult a tax professional for specifics in your area.​

Do I have to pay sales tax when buying gold or silver?
Sales tax rules vary by state and locality; some regions exempt certain bullion items, while others apply sales tax to most purchases. Check your state’s regulations before buying.​

What is a troy ounce?
A troy ounce is the industry’s standard unit for weighing precious metals, and when you see gold is “$X per ounce”, it really means “$X per troy ounce”: one troy ounce equals about 31.1035 grams, which is slightly heavier than the typical ounce used for food and goods.​ Pennyweights is another measurement you may see, there are 20 pennyweights per troy ounce.

How should you store your precious metals?
It’s best to keep precious metals secured in a home safe, safety deposit box, or a third-party vault. Ultimately, choose whatever you feel comfortable with.

What is the difference between ask and bid prices?
“Bid” is the price dealers will use when you’re selling your jewelry or bullion—the price they’re willing to pay. “Ask” is the price dealers will quote when you’re buying bullion—the amount dealers are offering it for sale. The difference between the two, known as the spread, reflects market liquidity and transaction costs.​