Gold price today: Gold is trading at $2,677.35
How much is gold per ounce?
As of 9 a.m. ET, gold was trading at $2,677.35 per troy ounce. That price represents a change of 0.67% from the same time yesterday. Since the start of the year, the price has shifted up 29.57%.
Over the last day, the lowest price for an ounce of gold was $2,649.86. The highest price in the previous 24 hours: $2,685.61.
Gold spot prices
You can find gold spot prices in U.S. dollars under the label XAU/USD. In this case, the price shown is for one troy ounce and expressed in U.S. dollars. Foreign markets using different currencies have different listings. For example, there’s XAU/EUR for trading in euros or XAU/GBP for British pounds.
Gold’s spot price represents the price at which gold can be exchanged and delivered. Prices are typically listed in cost per troy ounce. But prices can also be listed in units like grams or kilograms. Troy ounces are units used almost exclusively for weighing precious metals. One troy ounce represents 1.097 standard ounces.
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 29.57% from the beginning of the year, as of 9 a.m. ET. The 52-week intraday high reached $2,685.61 on Sept. 26, 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
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 prices
Precious metals have long served as investment vehicles and industrial commodities. Like gold, the spot prices of silver, platinum and palladium fluctuate based on various market, economic and geopolitical factors.
Price of silver
Silver is a traditional store of value but is also used in industry. Some investors might use it to hedge against a bad economy, but it has many applications. The electronics, health care, and automotive sectors all rely on silver, which makes its market dynamics distinct from gold in notable ways.
The price of silver opened at $32.35 per ounce, as of 9 a.m. ET. That’s up 1.79% from the previous day’s silver price per ounce and up 35.19% since the beginning of the year.
The lowest trading price within the last day: $31.57 per ounce. The highest silver spot price in the last 24 hours: $32.71 per ounce.
Platinum spot prices
Platinum is another precious metal much rarer than gold or silver. It’s primarily used in automotive catalytic converters that reduce emissions. With the push for cleaner cars, which don’t need autocatalysts, demand for platinum wavers.
The price of platinum opened at $1,013.00 per ounce, as of 9 a.m. ET. That’s up 2.11% from yesterday’s platinum price per ounce and up 2.56% year to date.
The lowest trading price within the last 24 hours: $989.45 per ounce. The highest platinum spot price in the last 24 hours: $1,017.72 per ounce.
Price of palladium
Palladium, like platinum, is pivotal in the automotive industry for catalytic converters. In recent times, there has been a surge in palladium demand due to stricter emission standards worldwide. Its scarcity and rising industrial demand have led to significant price volatility.
The price of palladium is $1,062.00 per ounce, as of 9 a.m. ET. That’s up 0.59% from yesterday’s palladium price per ounce and down 3.42% year to date.
The lowest trading price within the last 24 hours: $1,033.75 per ounce. The highest palladium spot price in the last 24 hours: $1,074.14 per ounce.
Frequently asked questions (FAQs)
The highest price gold ever reached was $2,685.61 on Sept. 26, 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. 26, 2024, the price of gold rose from $2,066.32 per troy ounce to $2,677.35, representing a 29.57% increase.