How Do You Figure The Gold & Silver Spot Price?
Gold and silver spot prices are constantly changing and can be found online in real-time, or approximated based on recent values in daily newspapers. Spot prices are represented by the Troy ounce (31.1 grams), and when known, gold and silver can be bought and sold at market prices. Spot gold and silver prices are based on futures contracts in futures exchanges. Fluctuations in supply and demand are responsible for the price variations. Real-time spot prices provide the most accurate information regarding pricing of gold and silver. Go to goldprice.org/live-gold-price.html. Locate the dotted horizontal line (in blue) in the chart. Follow the dotted horizontal line over to the right side of the chart where the spot price is located. Identify the spot price in blue next to the dotted horizontal line. This is the spot price of gold, per Troy ounce, in U.S. Dollars. Go to goldprice.org/silver-price.html. Locate the dotted horizontal line in blue in the chart. Follow the dotted horizontal li
