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Current gold price: $4127.80 — -3.24% over the past 24 hours.

Gold

1 oz Gold Price Today

Live price of one troy ounce of pure gold. The spot price below is the wholesale benchmark; 1 oz coins and bars sell for slightly more once dealer premiums are added.

Interactive Chart

Price Chart

Data Methodology

Where does this price data come from?
Gold spot prices are sourced from Metals.Dev, a professional metals data provider, with automatic fallback to gold-api.com for redundancy. Prices are updated in real-time during market hours, ensuring you always see the latest data. All prices reflect the latest available mid-market spot rate.
How is the gold spot price determined?
The gold spot price is derived from the most actively traded futures contracts on COMEX (CME Group) and the London Bullion Market Association (LBMA). The spot price represents the current market price for immediate delivery, calculated from near-month futures contracts adjusted for carry costs. During off-hours, prices reflect OTC (over-the-counter) trading across global markets, providing continuous 24-hour price discovery.
When are precious metals markets open?
COMEX futures trade Sunday through Friday, 6:00 PM to 5:00 PM ET (23 hours per day with a 1-hour break). The London Bullion Market (LBMA) operates Monday to Friday with two daily fixings: AM fix at 10:30 AM London time and PM fix at 3:00 PM London time. Outside of formal exchange hours, precious metals continue to trade on OTC markets globally, meaning prices can move 24 hours a day, 5 days a week. Our data reflects these continuous market movements.
1 oz American Gold Eagle

1 oz American Gold Eagle

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1 oz Gold Buffalo

1 oz Gold Buffalo

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What One Ounce of Gold Actually Costs

The price shown above is the spot price for one troy ounce (31.1035 grams) of .999 fine gold, the global wholesale benchmark set by COMEX futures and London OTC trading. It is the number quoted in financial news when someone says 'gold is at...'.

Buying a physical ounce costs slightly more. 1 oz gold bars from recognized refiners typically sell 2-5% over spot. 1 oz sovereign coins like the American Gold Eagle, Canadian Maple Leaf, Krugerrand, or Britannia carry 3-8% premiums, with the Eagle usually at the high end of that range in the US market. Premiums widen during demand surges and narrow in quiet markets.

Note the unit: a troy ounce is heavier than a regular ounce. One troy ounce equals 31.1035 grams while a standard (avoirdupois) ounce is 28.3495 grams, about 10% lighter. All precious metals prices use troy ounces, so a '1 oz' gold coin contains a full troy ounce of gold.

Selling works in reverse: dealers buy 1 oz coins and bars at or slightly below spot (typically 0-2% back of spot for recognized products). The round trip cost, buy premium plus sell spread, is the real cost of owning physical gold, which is why comparing dealer prices on both sides matters.

Troy ounce: 31.1035 grams, about 10% heavier than a standard ounce
1 oz bars: typically 2-5% over the spot price shown above
1 oz sovereign coins: typically 3-8% over spot (Eagle, Maple Leaf, Krugerrand, Britannia)
Buyback: recognized 1 oz products sell back at roughly spot to 2% below
24 karat purity: modern bullion coins are .9999 or .999 fine; the Eagle and Krugerrand are 22K but still contain a full troy ounce of gold

Data provided by MetalCharts, a free precious metals tracking platform offering real-time prices, interactive charts, historical data, and portfolio tools for gold, silver, platinum, palladium, and copper. Prices sourced from major global exchanges including COMEX, LBMA, and LME, updated continuously during market hours.

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Frequently Asked Questions

How much is 1 oz of gold worth right now?
The live chart above shows the current spot price for one troy ounce of pure gold, updated in real time from COMEX market data. A physical 1 oz coin or bar costs that spot price plus a dealer premium of roughly 2-8% depending on the product.
Why does a 1 oz gold coin cost more than the spot price?
Spot is the wholesale price for large unallocated quantities. A 1 oz coin adds minting costs, distribution, insurance, and dealer margin. Sovereign mints also charge wholesalers a fixed seigniorage per coin. The premium is smallest on bars and largest on low-mintage or collectible coins.
Is a 1 oz gold coin the same as a troy ounce?
Yes. Bullion products are always specified in troy ounces (31.1035 grams). A 1 oz American Gold Eagle contains exactly one troy ounce of gold, though the coin itself weighs 33.93 grams because it is 22 karat (the balance is copper and silver alloy for durability).
Which 1 oz gold product is the cheapest to buy?
Per ounce, generic 1 oz bars from LBMA-accredited refiners usually carry the lowest premiums (around 2-4% over spot), followed by Krugerrands and Maple Leafs, with American Gold Eagles typically the most expensive mainstream option. Larger bars get cheaper still per ounce if you do not need 1 oz increments.