Gold Price Today

What moves the gold price?

Gold’s spot price is set continuously by global futures markets, primarily COMEX in New York and the London Bullion Market Association (LBMA), which publishes a benchmark twice daily. Unlike silver, gold’s demand is overwhelmingly investment-driven — central banks, ETFs, coins, and bars account for most price movement. Industrial demand (electronics, dentistry, aerospace) is a smaller share.

The two most powerful macro drivers are real interest rates and the US dollar’s strength. When real rates fall (inflation rises faster than Treasury yields), gold typically rises because holding non-yielding gold becomes less costly relative to bonds. When the dollar weakens, gold priced in dollars tends to rise as foreign buyers can afford more of it. Geopolitical uncertainty and central bank reserve diversification are increasingly important structural demand drivers as well.

How to convert gold price to grams and kilos

Gold spot price is always quoted in US dollars per troy ounce. One troy ounce equals 31.1035 grams — about 10% heavier than a standard avoirdupois ounce (28.35g). To get the per-gram price, divide by 31.1035. To get the per-kilogram price, multiply by 32.1507 (the number of troy ounces in a kilogram).

The weight reference table above shows today’s gold price per gram, per kilogram, and per pennyweight (a unit used in jewelry). For custom weight and karat calculations, use the gold price per gram calculator which covers 24k, 22k, 18k, 14k, 10k, and 9k gold at live spot.

Buying gold: spot price vs. what you actually pay

The spot price shown on this page is not what you pay at a dealer — it’s the raw market rate for refined .999+ gold. Dealers charge a premium over spot that covers minting, distribution, and their margin. For common government-minted coins like American Gold Eagles or Canadian Gold Maple Leafs, premiums typically run $50–$100 per ounce above spot. Gold bars carry lower premiums than coins. Larger purchases (kilo bars, for example) often come with lower per-ounce premiums.

The dealer comparison page tracks current premiums across APMEX, JM Bullion, SD Bullion, and Money Metals so you can see who’s cheapest at today’s spot before you buy.

Gold IRAs vs. physical gold

Investors considering gold have two primary routes: physical ownership (coins and bars held in a home safe or third-party vault) and a Gold IRA (a self-directed retirement account that holds IRS-approved gold inside a tax-advantaged wrapper). Physical gold gives you direct possession with no annual fees; a Gold IRA provides tax-deferred or tax-free growth but requires a custodian and has storage fees. Many investors do both. If you have a 401k or IRA to roll over, see the Gold IRA guide.