Gold Price Today

The live gold price today is quoted in US dollars per troy ounce (XAU/USD) and moves continuously while global markets are open. GoldRateToday streams the spot price every minute, so the number you see above is the market's most recent consensus between wholesale buyers and sellers.

Gold is priced around the clock, but the benchmark most traders watch is set during London and New York trading hours. Prices react within seconds to US inflation data, Federal Reserve decisions, dollar strength and geopolitical headlines — which is why a live chart matters more than a once-a-day fixing.

Use the chart above to follow today's session, switch timeframes from 1 hour to 1 year, and compare the live spot rate with the conversion table for grams, tolas and kilos.

How the gold price is determined

There is no single official gold price. The spot price emerges from continuous over-the-counter trading between banks, refiners and dealers, benchmarked twice each business day by the LBMA Gold Price auction in London. COMEX gold futures in New York provide a second reference that most traders watch alongside spot.

The number at the top of this page is the wholesale spot rate for one troy ounce of .999 fine gold. The price you pay for coins, bars or jewelry is always higher — the gap is the dealer's premium, covering minting, distribution and margin.

What moves the gold price

Five forces drive most of gold's daily moves. Understanding them helps you read the chart above instead of just watching the number:

• US dollar strength — gold is priced in dollars, so a weaker dollar mechanically lifts the gold price for foreign buyers.
• Real interest rates — when inflation-adjusted bond yields fall, non-yielding gold becomes relatively more attractive.
• Central-bank buying — central banks have been net buyers every year since 2010, with record purchases since 2022 adding a firm floor under the market.
• Geopolitical risk — wars, sanctions and financial stress trigger safe-haven flows into gold within hours.
• Inflation expectations — rising US inflation data has repeatedly sparked same-day gold rallies as investors hedge purchasing power.