Easily track real-time gold prices with Silver Gold Bull's interactive Gold price chart. You can also learn more about trends in pricing, sign up for notifications when your target gold price gets hit and even seamlessly sell your gold bullion at the best rates possible.
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There has never been a more opportune time to expand your financial assets and take part in the gold industry. There are numerous reasons why investing in gold today is a smart decision - explore some of the most compelling ones today.
Gold allows you to diversify your financial portfolio and stop relying solely on paper currency.
There has been a drastic increase in the use of precious metals such as silver and gold in the electronic, medical and jewelry markets, which will continue to create a higher demand for them. It’s a fantastic time to begin investing in these resources.
Gold allows you another financial investment option outside of traditional retirement savings plans which can easily fluctuate and change for the worst.
Wouldn’t it be nice to invest in a steady, reliable resource? Gold cannot be overproduced or counterfeit.
Additionally, in the event that traditional stocks plummet in value faster than investors can sell them, the gold bullion price historically rises. This is because after a market crash, investors push their currency into precious metal assets instead. When this happens, this ‘gold bull run cycle’ historically has been responsible for unprecedented financial ROI for investors.
Did you know that mining companies must move an average of 9.4 tons of earth in order to procure the weight of approximately one golf ball sized sphere of pure gold? It’s true!
This gives some insight into why gold prices remain so high. Here are a few other interesting facts about what determines gold price:
The demand for gold within the jewelry industry. Gold is one of the most common precious metals sought after for rings, bracelets and many others. As this market continues to grow, so does the need for more gold.
The currency valuation. Specifically, the demand for gold in China has increased significantly as the yen solidifies its value in relation to USD. When the value of the USD strengthens, the spot price of gold (and silver) decreases. In contrast, when the USD weakens, the spot price of gold increases.
Central bank reserves also play a key part in the buying and selling gold in massive quantities. This has a big impact on prices throughout the world.
Gold is able to retain value as currency weakens in global markets, making it a valuable asset to invest in.
The gold spot price refers to the current price of raw gold per troy ounce before any gold dealer premiums and/or taxes. This price is determined by a set of global values and is the same no matter where one is located in the world.
The price of gold is closely monitored to prevent anyone from buying the precious metal in one area of the world and selling it for a different price somewhere else.
The Last 5 Years
The lowest point in the past five years for the price of gold fell on December 2, 2015 at 12:30 p.m. (CT). The gold price listed at this point in time was $1,057.10 USD per troy ounce, and has since bounced back in price.
In contrast, the peak gold price came on October 5th, 2012 at 12:30 p.m. (CT) at which point the price of gold was $1,780.00 USD per troy ounce.
The Last 10 Years
On June 11th, 2007 at 12:30 p.m. (CT) the price of gold hit a low of $652.28. On the other end of the spectrum, the 10-year high is $1,905.10 USD per troy ounce. This gold bullion price record was hit on September 5th, 2011 at 12:30 p.m. (CT)
Silver Gold Bull offers an interactive, live gold price chart so you’re able to easily track gold price changes in real-time. Examine historical gold data over the past 30 years to gain insight into how the price of gold trends in the long-term. Hover over any point in the chart to see specific gold price information for that particular point in time.
You can also sign up for alerts from our tracking software, which makes tracking the price of gold day-over-day possible.
Simply set your ideal gold bullion price per ounce, and we will send you a notification via text or email when the current market price of gold has reached your target.
Use our chart data and software tracking system to purchase your gold at the most opportune time, thereby locking in your investment at the lowest gold price possible. Ready to buy gold online? Get started today.