Gold Spot Price in USD
Gold (XAU)
Per troy ounce
United States Dollar
Gold is trading at $4,131.71 per ounce, up $68.38 or 1.68% on the day, with most of the advance coming through the New York afternoon. That leaves the week up 4.75% and narrows the year-to-date decline to 4.25%. The bid gathered pace after Comex settlement as the dollar eased and crude fell, easing some of last week’s inflation anxiety.
The immediate driver was a softer greenback alongside a sharp drop in oil. Reuters reported bullion up more than 1% on lower crude and a weaker dollar ahead of Tuesday’s US inflation print. The US dollar index slipped about 0.3% around London hours, making gold cheaper for non-US buyers, while Brent fell roughly 4% intraday, tempering price pressures that have kept real yields elevated. Lower oil and a softer dollar are a friendlier mix for bullion. (uk.marketscreener.com)
Fed speak added a nuance rather than a brake. Richmond Fed President Tom Barkin said policy should move “with care,” a tone that didn’t challenge market bets for a possible December hike but did little to support the dollar’s early strength. Reuters also flagged consensus for a 0.3% monthly rise in headline CPI, keeping rate expectations in play. Separately, Reuters noted the People’s Bank of China added about 25.8 tonnes to reserves in October, a reminder that official-sector demand remains a backstop on dips. (malaysia.news.yahoo.com)
Next up are the catalysts that will set the tone into Asia and Tuesday: the US CPI at 08:30 ET on 10 November and a heavy slate of Treasury supply this week, including the 3-, 10- and 30-year auctions. A hotter CPI risks reviving the dollar and real yields, testing today’s gains; a cooler print would likely keep the softer-dollar narrative intact. The auction results will show how much risk the market is willing to take on duration with policy still live. (dol.gov)
Silver outperformed, up 2.74% to $53.34, pulling the gold-silver ratio down to 77.5. The stronger move fits a day when the dollar eased and energy prices retreated, giving cyclical metals some breathing space alongside gold.
The gold spot price is the current market price for one troy ounce of 24-karat gold available for immediate delivery. "Spot" means right now - not a future contract, not a forecast, not a retail quote with markup layered on. It is the raw wholesale price at which institutional buyers and sellers are transacting at this exact moment in the global gold market.
This is the number everything else in the gold world is derived from. Dealers build their retail prices on top of it. Jewelry is valued against it. Refiners and central banks reference it. When anyone says "the current gold price," they almost always mean the spot price, even if they don't call it that. GoldPrice.Live tracks this figure continuously so you always have the wholesale benchmark as a reference.
In foreign exchange markets, gold trades under the ticker XAU. The "X" prefix is used by the ISO 4217 currency standard to denote commodities and supranational units that don't belong to a single country. XAU is therefore gold's official currency code, in the same way USD represents the US dollar or GBP represents the British pound.
When you see XAU/USD, it is expressing how many US dollars one unit of XAU - one troy ounce of gold - is currently worth. A reading of 3,350 in XAU/USD means one troy ounce of gold is trading at $3,350. Forex traders, commodity desks, and financial data platforms all use this notation, which is why you will encounter it in market feeds, trading terminals, and financial news alongside the more familiar "gold price" phrasing.
The XAU/USD pair is one of the most actively traded instruments in the foreign exchange market. It behaves differently from equity or bond markets - gold has no earnings, pays no dividend, and has no issuing government - which gives XAU/USD its distinctive characteristics as a safe-haven asset. Follow how that safe-haven demand plays out in our gold market commentary.
The spot price is not set by any single exchange or authority. It emerges from continuous trading across multiple global venues, with two institutions playing a particularly central role.
COMEX (part of the CME Group in New York) is the world's largest gold futures exchange. While COMEX trades futures contracts - agreements to deliver gold at a future date - the most active near-term contracts trade so close to spot that their prices serve as the dominant real-time reference for the global spot rate. The COMEX gold price is what most live data feeds, including the one on this page, track throughout the New York session.
The LBMA Gold Price is a separate benchmark, established twice daily by the London Bullion Market Association through an electronic auction process. The AM fix is set in the morning London session; the PM fix in the afternoon. These are formal reference prices used in contracts, valuations, and large institutional transactions that need a locked-in number for a specific point in the day - rather than a continuously moving price. The LBMA benchmark is not the same as the live spot price; it is a twice-daily snapshot agreed upon by participating banks, used specifically for settlement purposes.
The live spot rate you see on this page is driven by real-time trading activity, primarily from COMEX during US hours and electronic markets overnight, not by the LBMA fix. For a closer look at how that continuous feed works, see our live gold price page.
The spot price reflects what gold costs for delivery today. The futures price is what buyers and sellers agree to pay for gold delivered at a specific future date - a month, three months, or even a year from now.
Futures prices are almost always slightly higher than the spot price. This difference, called contango, reflects the cost of storing and insuring gold between now and the delivery date. It is not a prediction that gold will be worth more in the future - it is simply the carrying cost built into the contract.
Occasionally, futures prices trade below spot. This is called backwardation, and it typically signals unusually high immediate demand for physical gold - situations where buyers need the metal now and are willing to pay a premium for it over future delivery.
Every gold quote actually has two numbers behind it: the bid and the ask.
The spot price displayed on data pages like this one is typically the mid-price - the midpoint between bid and ask - which gives you the cleanest reference rate. When you transact with a dealer, you will buy at the ask and sell at the bid, so the spread is a real cost to factor in.
The spot price is a wholesale interbank rate - the price at which large institutions trade gold between themselves in minimum quantities, typically 100-ounce bars meeting specific purity standards. Retail buyers purchasing coins, small bars, or jewelry always pay more than spot.
The difference is called the dealer premium or over-spot premium. It covers fabrication costs, dealer margins, shipping, insurance, and the smaller lot sizes involved in retail transactions. Premiums vary by product - sovereign coins like American Eagles carry higher premiums than generic bars, for example - and fluctuate with physical demand.
Understanding this gap between the spot price and what you actually pay is one of the most practical things a gold buyer can know. For a detailed breakdown of how to calculate what your gold is worth relative to spot, the scrap gold calculator works through the numbers by weight and purity. Retail buyers purchasing coins, small bars, or jewelry always pay more than spot.
The formal spot market - driven by institutional trading on COMEX and the LBMA - is closed on weekends and public holidays. This means the spot price does not move in the same way it does during weekday trading hours.
That said, some electronic trading platforms and over-the-counter markets do facilitate limited gold trading on weekends, and certain dealers will quote prices based on their expectations for Monday's open - check our gold price today page when markets resume for the latest session data.. These quotes are not true spot prices - they are dealer estimates that may shift significantly when the formal market reopens.
The live price on this page reflects the most recent confirmed spot rate. During market closures, it shows the last traded price until markets reopen for the new session. For the full picture of how gold has traded across past sessions, the gold price charts page shows the historical data.
Have a question about the gold spot price, XAU/USD, or the data on this page? Our team is happy to help - contact us directly and we'll get back to you.
