If you are looking for some of the
best prices per gram for Gold then we recommend a visit to UKBullion.com. Customers can rest assured that they receive
the best prices due to the site’s real-time feed on all their prices with the
additional functionality for customers to review prices over a particular
period. This helps customers determine trends and compare gold spot prices for
different periods such as 24hrs, last week, last month or even 5 years ago!
Customers are able to see the latest gold price per gram
and per troy ounce in GBP.
Gold Spot
Price
Gold spot price or gold current
price is used as the basis for most bullion dealers such as UKBullion.com to
determine the exact price to charge for a specific coin or bar. Gold spot price
is calculated according to the most recent average bid offered by professional
traders worldwide. These prices are calculated in troy ounces or grams and
change every couple of seconds during market hours. This provides the customer
with the most accurate price based on the market. Factors that affect gold prices such as the ask
price, bid price or fix price also affect the spot price. Other factors include
supply and demand, war, economic changes such as elections and central bank
activity.
Another term also linked to gold
spot price is gold fix price. The two are not the same.
The gold fix price is set twice each
trading day by a panel of industry leaders.
The spot gold market is active and
trading for almost 24 hours a day. Unlike Stock Exchanges that close overnight.
In addition to the spot price,
customers pay to cover manufacturing and distribution costs which are added to
the cost of the coin or bar.
UKBullion.com also offers spot
prices for other precious metals such as Silver, Platinum and Palladium. Prices
are available in GBP, EUR and USD.
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