Real-time gold spot price per ounce and per gram, updated every 5 minutes. Track precious metal prices including gold, silver, platinum, and palladium.
| Karat | Purity | Price Per Gram | BuyGoldHub Pays (80%) |
|---|---|---|---|
| 24K | 99.9% | — | — |
| 22K | 91.7% | — | — |
| 21K | 87.5% | — | — |
| 18K | 75.0% | — | — |
| 14K | 58.3% | — | — |
| 10K | 41.7% | — | — |
| 9K | 37.5% | — | — |
Prices updated every 5 minutes from live market data. Last update: —
The gold spot price is the current market price for one troy ounce (31.1 grams) of .999 fine gold. It's the benchmark used worldwide by refineries, dealers, and investors to price gold transactions. When you see "live gold prices" quoted on financial news sites, they're referring to this spot price.
Gold prices are determined by trading on major commodity exchanges including COMEX (New York), the London Bullion Market Association (LBMA), and the Shanghai Gold Exchange. The price moves continuously during trading hours — Sunday 6:00 PM ET through Friday 5:00 PM ET — reflecting real-time supply and demand.
Several factors influence live gold prices:
The gold spot price represents the value of pure 24-karat gold. When you sell gold, the price you receive depends on two factors: the purity (karat) of your gold and the buyer's payout rate. Most gold jewelry is not pure gold — common karats include 10K (41.7% pure), 14K (58.3%), 18K (75%), and 22K (91.7%). The scrap gold price adjusts the spot price for purity and the buyer's margin.
At BuyGoldHub, we pay up to 80% of the gold spot price adjusted for karat — significantly higher than pawn shops (40–55%) and most cash-for-gold stores (50–65%). Use our free gold calculator to see exactly what your gold is worth at today's live gold prices.
While gold dominates the precious metal prices conversation, silver, platinum, and palladium are also actively traded commodities. Silver tends to be more volatile than gold but follows similar macro trends. Platinum and palladium prices are heavily influenced by automotive industry demand for catalytic converters. BuyGoldHub buys all precious metals at competitive rates tied to live market pricing.
Bullion prices are quoted per troy ounce for bars and coins. The premium over spot price varies depending on the product — government-minted coins like American Gold Eagles carry a higher premium than generic bars due to their guaranteed purity and legal tender status. When selling bullion, reputable dealers like BuyGoldHub base their buy price on the current gold spot price, not the retail premium you originally paid.
The number flashing on a financial news ticker is the spot price of pure gold per troy ounce on the global wholesale market. That figure assumes a 400-ounce London Good Delivery bar moving between bullion banks. It is not what any dealer, anywhere, pays a walk-in seller for a chain, a ring, or a handful of old coins. Understanding the gap closes the distance between expectation and the check you actually walk out with.
Three deductions sit between spot and payout. First, purity. A 14k chain is 58.3 percent gold by weight; an 18k ring is 75 percent. The dealer pays on the gold content, not the gross weight. A 10-gram 14k chain contains roughly 5.83 grams of pure gold, and that is the only weight that matters to the math. Second, the refining spread. Scrap gold has to be melted, assayed, and refined back to investment-grade purity. The refiner takes a cut, typically 1 to 3 percent for clean material and more for mixed lots, stones, or solder-heavy jewelry. Third, the dealer margin. The shop that buys from you has to cover rent, insurance, security, staff, and the float between purchase and refiner settlement. That margin runs anywhere from 5 to 20 percent depending on volume, competition, and how the item is presented.
Run the numbers on a 10-gram 14k chain with spot at 2,400 dollars per troy ounce. Convert spot to grams: 2,400 divided by 31.1035 equals about 77.16 dollars per gram of pure gold. Multiply by the gold content: 5.83 grams times 77.16 equals roughly 449.84 dollars in raw gold value. A high-volume dealer paying 90 percent of melt would write a check for about 405 dollars. A pawn shop paying 65 percent of melt would offer about 292 dollars. Same chain, same day, same spot price, 113 dollars apart.
Reputable dealers will show the math on paper before any commitment is made. Ask for the spot reference, the karat test method, the weight in grams, and the percentage of melt being offered. If any of those four numbers is missing or the offer is verbal only, that is the signal to get a second quote elsewhere. The spot price is public information, the karat is testable, the weight is on a scale in front of you, and the percentage is the only variable that separates one buyer from another. Bring those four numbers into the room and the transaction becomes arithmetic, not negotiation.