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Gold

Gold Price Per Ounce Today

Live XAU/USD spot price per troy ounce from COMEX, updated in real-time with interactive charting.

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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.
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Understanding the Troy Ounce Gold Price

The gold price per ounce is the standard international quote, represented as XAU/USD under the ISO 4217 currency code system. COMEX is the world's largest gold futures market, and the troy ounce is the universal trading unit for investment-grade gold. When financial media report "the gold price," they are referring to the price per troy ounce in US dollars.

The troy ounce has been the standard unit for weighing precious metals since the Middle Ages, named after the French market town of Troyes, a major medieval trading hub. One troy ounce equals exactly 31.1035 grams, approximately 10% heavier than the avoirdupois ounce (28.3495 grams) used in everyday measurements.

This distinction matters: a "1 oz" gold coin contains 31.1 grams of gold, not 28.3 grams. The troy system persists in precious metals because centuries of established commercial practice survived the widespread adoption of the metric system.

On COMEX, the benchmark gold futures contract (ticker: GC) represents 100 troy ounces of gold with a minimum purity of 995 fineness. These contracts trade electronically on CME Globex nearly 24 hours a day, five days a week, providing continuous price discovery. The spot price, what you see quoted on our charts, represents the price for immediate settlement derived from the nearest active futures contract, adjusted for time value. Futures contracts for later delivery months trade at a slight premium to spot, reflecting financing and storage costs.

The LBMA Gold Price, set twice daily in London by a panel of accredited market makers through an electronic auction, serves as the authoritative benchmark for settling gold contracts, valuing gold-backed financial products, and pricing physical deliveries worldwide. Together, the COMEX futures market and the LBMA benchmark form the global pricing framework that central banks, miners, refiners, jewelers, and individual investors all rely on.

Spot price: The current price for immediate delivery, updated continuously during market hours
COMEX contract: The GC gold futures contract represents 100 troy ounces
LBMA benchmark: Set twice daily by major bullion banks in London via electronic auction
Major coins: Eagles, Maples, Krugerrands, and Philharmonics are all denominated in troy ounces

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

What is the gold price per ounce today?
The gold price per troy ounce changes continuously during market hours. Check our live gold chart for real-time XAU/USD prices from COMEX spot data. Gold trades nearly 24 hours on weekdays (6 PM to 5 PM ET, Sunday through Friday).
What is the difference between a troy ounce and a regular ounce?
A troy ounce equals 31.1035 grams. A regular (avoirdupois) ounce equals 28.3495 grams. Gold is always measured in troy ounces, so a 1 oz gold coin weighs about 10% more than a 1 oz kitchen measurement.
Why do gold prices change every minute?
Gold futures trade nearly 24/5 on COMEX (6 PM to 5 PM ET, Sunday through Friday). Prices respond instantly to economic data releases, central bank decisions, geopolitical events, currency movements, and shifts in supply and demand.
How much does a gold bar cost?
Gold bar prices depend on size. A standard 1 oz bar costs the spot price plus a small dealer premium (typically 1-5%). A 10 oz bar, kilo bar (32.15 oz), or 100 oz bar carries progressively lower premiums per ounce. The COMEX-deliverable 100 oz bar is the most cost-efficient.
How much is 1 oz of gold worth?
The value of 1 troy ounce of gold changes every second during market hours. As of 2026, gold trades in the range of $2,700-$3,100 per troy ounce depending on market conditions. Check the live chart above for the exact current price. Remember that physical gold coins and bars cost the spot price plus a dealer premium of 1-8% depending on the product.
What is the gold spot price?
The gold spot price is the current market price for immediate delivery of one troy ounce of gold. It is derived from the nearest active COMEX gold futures contract (ticker: GC) and represents the benchmark price that all physical gold products are priced against. The spot price changes continuously during trading hours (Sunday 6 PM to Friday 5 PM ET).
What is the premium on gold coins?
Gold coin premiums vary by type: American Gold Eagles carry 4-8% over spot, Canadian Maple Leafs 3-6%, South African Krugerrands 3-5%, and Austrian Philharmonics 3-5%. Premiums are higher for fractional sizes (1/10 oz, 1/4 oz) and lower for full 1 oz coins. Government-minted coins carry higher premiums than private-mint rounds but offer better liquidity and universal recognition.
Is it better to buy gold coins or bars?
Gold bars offer the lowest premiums per ounce (1-3% for 1 oz bars, under 1% for kilo bars), making them more cost-efficient. Gold coins carry higher premiums but are easier to sell, universally recognized, and come with legal tender status from sovereign mints. Most experienced investors hold both: bars for cost efficiency and coins for liquidity and divisibility.