The gold spot price is essentially the current price at which physical gold can be sold or bought at a specified time. A gold future’s price is not the same as a spot price, as it denotes the price of the gold in relation to its current spot price and the time frame in question. The spot price is calculated in accordance with the most recent average bid price offered by professional traders worldwide.
The gold spot price frequently changes, but we provide continuous updates that are obtained from live feeds generated by the global precious metals markets. The spot price of gold is affected by several factors including the levels of supply and demand and global issues such as military conflict, international emergencies and economy. The weight of the gold also has significant influence. If it is greater the price will be reflective. The size of gold is of huge importance in the world of international gold trading.
It is important not to confuse a current spot price with a future’s price. The latter refers to parties to a future’s contract that enter into an agreed price for a future settlement date. It is always higher than the current spot price as it has to allow for storage and delivery fees as well as charges as a result of the delay in payment. Additionally, the future’s price can be affected by the market rates and demands.
Whether you are an established collector and investor, or you are new to the purchase of gold bars and other products, we offer an informative and helpful service. We will provide you with a free ebook that explains the basics of bullion buying. We advise our clients to take the time to obtain a grasp of the basics and when you sign up for our newsletter you will receive a special introductory offer.
Our customers can be assured of our commitment to offering live and transparent prices that feature no hidden charges. We offer the most extensive selection of gold bars for every investor, collector and individual buyer and we make exclusive offers available to our customers. When we buy gold we pay the best prices possible for scrap and unwanted jewellery, bullion bars and coins.