Live Gold Prices

Gauging the Current Gold Market For Coin Collectors

How much gold a coin contains is a key factor in its worth. The value of gold coins and gold bullion is going to be directly connected to live gold prices, depending on the rarity of the item.

It may seem like the value can be easily determined, but gold is a commodity that's always changing in price. You can buy gold one day and already have a profit the next if the prices shift. Historically, precious metals increase in price, however, that isn't always the case from day to day.

Anyone who's interested in collecting gold bars, bullion and coins needs to be familiar with live gold prices and how they are calculated.

Understanding Spot Gold Price

The spot price for gold refers to the market value of gold at the current moment. It serves as the basis for wholesale gold buying and selling, which impacts market value further down the line.

There are some key factors that influence the spot price of gold:

• Financial markets for other asset classes have an effect on gold prices. Gold is considered an alternative asset that hedges against inflation. Prices typically go up when other financial markets are less stable.

• Currency values also make a difference. The spot gold price for US dollars will be different from Japanese yen, Canadian dollars and other types of currencies.

• Supply and demand is always a consideration with any commodity that is bought by investors. When the supply is down and the demand is high, gold prices will climb higher.

• The value of the purchasing method, ie US Dollars, also determines the value of the asset. A weaker dollar means more dollars are required to purchase an ounce of gold, and vice versa.

Live gold prices are based on the spot price. They can be paired with historical data to give investors and collectors an idea of how gold prices are trending.

Understanding the Effect of a Gold Futures Contract

The concept of a gold futures contract is a lot like it sounds. It is an agreement to sell gold or purchase gold for a certain amount on a set date in the future. 

It is possible to trade gold futures on an exchange, but they serve another purpose. Many people use gold futures to predict price activity. If a large sale is going to happen it can have an impact on the market at large, so it's advisable to keep an eye on what's trading on the exchanges.

Get Personal Assistance Valuing Gold Coins

If you have gold coins and would like to know the current market value, Great Southern Coins can provide assistance. Our appraisal service gives you access to professionals that can evaluate the coin at all levels, including the gold content and current gold pricing.

Take a few seconds to contact our team to learn more about the appraisal process.

Want to know about pricing for silver bullion and coins? Discover what goes into live silver prices by reaching out to our team: 1-888-409-8344