Gold Spot Market Price

The gold spot market price is the wholesale price of one troy ounce of gold for immediate delivery, quoted in US dollars. As of November 11, 2026 it is $3,987.60, which comes to $128.20 per gram and $128,204 per kilogram. Measured over the last twelve months the change is −3.0%, and over five years it is +116%. Every figure on this page is refreshed every six hours and printed with the time it was taken, so you can judge how fresh it is before you hold it up against a dealer's screen.

The card shows the latest quote, its stamp, the move over a day and a year, and how far the futures price now sits from the 2026 record. Keep in mind what kind of number this is. Spot is the price professionals pay each other for large bars held in a vault. A coin or a small bar bought from a shop costs more, and the page on spot price vs retail price breaks that gap into its parts.

The chart below runs from a single trading day out to 1900. Shorter ranges come from the live feed; the longest ranges switch to yearly figures, and a note under each range names its source and resolution. If you are not sure what the axes, ranges or wicks are telling you, the guide on how to read a gold spot chart walks through one example.

Behind the number

Three groups of pages sit behind the figure at the top. The first is about the number itself: what the spot price of gold is, what a dealer adds to it, and a gold price chart over 50 years that puts this year in a longer frame. The second is about where gold changes hands: how the gold spot price is set between London, New York and Shanghai, the gold ticker symbols that label it on trading screens, and when the gold market opens each week. The third is about what moves it: why the gold price is dropping after the January peak, the gold market cap at today's price, and gold reserves by country for the central banks that hold the most.

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What the gold spot market price is

In the glossary of the Commodity Futures Trading Commission, a spot price is what a physical commodity fetches for delivery right away, at a particular moment and in a particular place. For gold, the London market fills in the details. The London Bullion Market Association (LBMA) says metal and money change hands two business days after a trade, on what it calls the spot date, and that precious metals are quoted by default in US dollars per troy ounce. One troy ounce is 31.1034768 grams, slightly heavier than the ounce used for food.

LBMA adds that the generic price in the media is for an ounce delivered in London, credited on the spot date, in Good Delivery bars. Those bars weigh roughly 400 troy ounces each and must be at least 995 parts per thousand fine. LBMA also notes that the prices quoted in the media normally reflect the wholesale market. So the figure at the top of this page describes trades between banks, refiners and dealers in very large units. It is a reference, not a sticker on a coin.

Who sets it

No single desk or official sets the spot price. In London, banks and dealers trade directly with one another rather than on an exchange, LBMA says, so the running price is the sum of many private deals. Twice a day, at 10:30 and 15:00 London time, an electronic auction run by ICE Benchmark Administration settles the LBMA Gold Price. That auction result is a benchmark for contracts and valuations, not a live quote. In New York, COMEX gold futures trade from Sunday evening to Friday afternoon with a short daily pause, and the nearest contract usually sits a few dollars from spot. In Shanghai, the exchange the People's Bank of China set up in 2002 forms its own benchmark in yuan in a morning and an afternoon session. The page on the London auctions lays out how the three fit together.

Why two screens show different numbers

Search for gold on three websites and you may see three prices a few dollars apart. That is normal, and there are three usual reasons. The first is the source. Some sites show a spot feed, while others show the front month of COMEX futures, which at the latest update sat $4.40 above spot. Yahoo Finance's GC=F symbol, for one, pointed at the December 2026 contract on November 11, and what XAU and GC mean explains the labels. The second is timing. Gold trades nearly all week, so a quote from early morning and one from mid-afternoon can differ, and a page that updates every few hours will trail a live trading screen. This site updates every six hours and stamps every figure. The third is which side of the market you see. A bid is an offer to buy, an ask is the price a seller will accept, and the distance between them is the bid-ask spread. A screen that shows the bid reads a little lower than one that shows the ask, and some show the midpoint.

How this site is paid

This site has one partner, Augusta Precious Metals, and it is paid through an affiliate arrangement when readers use Augusta's button. The button requests Augusta's free gold and silver IRA information kit, which Augusta's homepage says includes 4 essential guides, and after that Augusta contacts you by phone. The standard minimum purchase is $50,000, as stated by Augusta, roughly 12.5 ounces of gold at today's spot. That suits someone moving retirement savings into metal, not someone buying a single coin.