Gold price per ounce for last week in USD

This gold price chart shows live data for physical gold.
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Gold price FAQs

To better understand how the Gold price works and what products to buy, knowing a few facts can be useful.

What is the spot price of gold?

The spot price of gold is the current price gold can be bought and sold for on the market. It is usually calculated in Troy ounces but can also be given in grams or kilograms. The price of a gold product is the spot price plus the premium, which is the part of the price covering our margin, production, and operational costs.

What is a troy ounce of gold?

A Troy ounce of gold is the official unit of measurement in the professional gold market. One troy ounce represents 31.1 grams of gold. Unless stated otherwise, the price of gold will always be indicated in Troy ounces.

What moves the price of gold?

The price of gold moves depending on a combination of supply, demand, and investor behavior. Its value tends to increase along with demand. Its supply, however, tends to remain rather constant, making it a famous hedge against inflation when the supply of paper money starts increasing. The spot price fluctuates throughout the day, making it important to follow current events and market conditions, as they will affect your buying and selling price for precious metals.

How are gold coins prices set?

Gold coins are a very unique investment. They are sometimes considered legal tender and are produced and recognized by the issuing government. The coins are always labeled carefully with the correct year of issue, the gold purity, and the weight of the coin. Gold coins prices fluctuate daily, as they move separately from the stock market.

Gold coin prices can be affected by several different factors. Factors like rarity, shifts within the money market and the stock market, a recession, or the threat of a recession, elections, political movement, or even geopolitical issues. These are all factors that can influence the price of gold coins.

How are gold bars prices set?

Currently, there are many types of gold bars circulating the world's precious metal market - meaning there are endless possibilities to pick from. Buying Gold Bars is the most popular way of investing in the precious metal market. Their price is set based on their quality, craftsmanship, weight, and sometimes year of issue and rarity.

The price of a gold bar contains three main elements: the metal price, the premium, and the VAT. However gold is exempt of VAT in most European countries. The metal price is directly based on the spot price which is the most recent price of gold on the market. Depending on its weight and quality, a gold bar will have a higher or a lower metal price.

Finally, the premium is our margin, it is the part of the price of your gold bar that will come back to GOLD AVENUE to pay for production and other costs related to selling the bar. The margin can vary for each product depending on its level of craftsmanship for example. This is why minted bars tend to have slightly higher premiums than cast bars, as it takes into account the bar’s artistic value.

Should I invest in physical gold?

If you are thinking about investing in gold, then you are at the perfect place! Gold is the most valuable and popular commodity available on the market. GOLD AVENUE has a wide and beautiful selection of gold coins, ingots, and bars available for you to start your precious metal journey.

If you choose to buy gold, you can choose between the most popular gold coins on the market: the classic American Eagle coin from the US Mint or the stunning Canadian gold Maple Leaf from the Canadian Mint. If perhaps coins aren’t what you are looking for, you can find the products for you in gold cast bars like the 1 kg bar fine gold or minted bars from the world-renowned Swiss refinery PAMP.

We are also the official online retailer of the most famous minted bar: the classic Lady Fortuna from PAMP. Gold is a timeless and elegant commodity that every investor should consider to diversify their investment portfolio.

Should I buy gold bullion bars?

Gold bars are considered a unique and interesting investment in the precious metal market alongside gold coins. Gold bars are generally much larger in size, and heavier in weight than coins and compared to coins, there is not as much variety available with Gold bars in terms of shapes and formats either, simply due to their ‘set size’, however, their classic designs are renowned worldwide.

For example, gold bars are considered to carry intrinsic value, as there will always be a market available for Gold. You can always invest in gold to diversify your investments, prepare for your future, or as a gift to your family for a generous investment or savings opportunity. You can buy gold bars on GOLD AVENUE, they come in many shapes and sizes, including a 1kg gold bar.

Should I buy gold coins?

At GOLD AVENUE we offer a wide range of gold coins from the world's most famous mints, each with a unique design. There are many mints in the world, such as the British Royal Mint, the French Mint (Monnaie de Paris), the Swissmint, the U.S. Mint, etc.

Gold coins also vary in size, weight, value and style. Coins can also be limited edition or collectible, making each purchase unique. Collector and limited edition coins are often used as gifts or investments by collectors.