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The current price of gold PDF Print E-mail

Live Gold

30 Day Gold....60 Day gold

6 months....1 Year

5 year....10 Year

            -- Live Data courtesy Kitco.com --

 

Why does the spot price of gold matter to someone who is buying a gold coin?

The reason is that the price of bullion gold coins is determined by the current value of the gold it contains, plus a small percentage premium. Some people talk about the 'melt value' of a coin, which is literally the value of the metal itself. The price of a bullion gold coin will move up or down, whether being purchased from a dealer, a mint or online, because the current value of a certain weight of gold is known to the market more accurately than almost any other commodity.

Historical or currency gold coins, especially rare coins, or examples in very good condition, are more resistant to the movements of the gold spot price, since they have an inherent value as collectible artefacts, but it still affects them.

 

 

 

 

 
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