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Gold Spot Price Explained: What Does It Really Mean?

When people check the gold price online, the number they usually see is based on the spot price of gold. It is one of the most important reference prices in the global gold market, but it is also one of the most commonly misunderstood.   The spot price is not a universal retail price for […]

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Gold Price per Gram vs Troy Ounce: What Is the Difference?

Gold prices are commonly shown in two weight units: grams and troy ounces. The two quotations describe the same underlying metal value, but they are used for different purposes and can make the price look very different at first glance.   International wholesale gold markets traditionally quote gold in US dollars per troy ounce. Consumers, […]

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