Current Live Prices
Track the value and performance of precious metals changes in real time and in one convenient location. Our interactive charts include live gold and silver prices, along with live prices for the wide variety of products Monex has to offer. In addition to current bid, ask and opening prices, our product chart offers point-and-click access to detailed market value analysis through an interactive historical graph.
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How is a current spot price calculated?
Spot Prices represent the midpoint between Monex bullion bid and ask prices per ounce. A Current Spot Price is calculated as a bid/ask average, based on a virtual non-stop price discovery process of active comparable commodity transactions. They include dealer and exchange markets throughout the world. Typically, markets track each other when active, but physical delivery price in regards to locations can present anomalies, especially if transportation is slow, costly or restricted. If open, London, dealer and exchange markets fluctuate throughout the day. For example, if the historical price per ounce of a COMEX/NYMEX futures contract or the London dealer market were to fluctuate up a dollar, typically the Spot Price gets calculated up a dollar. Obviously, market prices can fluctuate irrespective of a particular historical transaction price reported.
What are spot prices?
Origins of SPOT represented the current month, rather than transactions for future delivery, deriving from “on the spot.” Common practice of the metals industry is to publish a bullion benchmark market value, “spot price,” which most universally is a particular trading day's final settlement price per ounce of the COMEX/NYMEX futures exchange spot month. At other times of the day, metals dealers assess active trading on world markets to infer what they believe a benchmark spot price is. Monex publishes a current live spot price throughout its 11-hour trading day.
Why are Monex spot prices different than other companies' spot prices?
For more than 50 years , Monex companies have quoted a two-way buy/sell physical bullion market, which has been an industry respected price reference, with Monex Deposit Company having over $60 billion in customer transactions. Don't be confused by dealers or e-commerce sites that present spot prices that do not fairly represent its common usage. Novice dealers may show a higher spot price than the nominal benchmark in order to obfuscate their transactional spread. If a dealer has two different spot prices for the same commodity, it suggests buying or selling bullion at ask and bid prices, and is not a single spot price for comparison purposes. Gain instant access to the Monex Spot Bullion Price here and by using the Monex Bullion InvestorTM smartphone app.
How often do precious metals market prices change?
Precious metals prices constantly change throughout the day. Bid and ask prices shown here represent the last published prices per ounce updated from Monex. Monex monitors marketplace activities and adjusts its Ask, Bid and Spot prices as many times as necessary throughout its 11-hour trading day. In active market conditions when metal prices can become extremely volatile, prices can change almost continuously, moving up and/or down many times in a single minute, and for hours on end.
What is the difference between spot, ask and bid prices?
Bullion bars and coins are sold at Monex Ask prices, which are subject to a buy charge. An “Ask” price is a dealer quote inviting an investor to buy, and “Bid” is a quote at which the investor would sell. The difference that the Ask price is greater than the Bid price is the dealer's bid-ask spread. Common industry practice is to reference a “Spot” price, which benchmark relates to a per-ounce price of the current (“Spot”) month.
What is the best palladium bullion price?
Offering a reliable bullion marketplace for over 50 years, Monex companies have been recognized as an industry benchmark for investing in precious metals. Most importantly, Monex offers very attractive round-turn competitive prices quoted live online. To learn more about how to invest in our palladium products and current palladium prices, contact an Account Representative.
What is the change in the gold and silver price today?
Current prices are reflected with the change in price for the trading day. Change is calculated from the last Monex price of the prior business day. Bullion bar and coin Open, High and Low prices are Ask prices.
What are the current gold and silver prices?
The best prices for gold and silver are those that are most reliable. Monex gold and silver prices have been an industry respected reference for decades, with over $60 billion in actual customer physical metal transactions. Over time, gold and silver prices tend to move in concert, mostly in opposition of depreciating fiat currencies. Recently, the price of gold has been about 80 times the price of silver, while historically it was much lower. Silver prices tend to be more volatile than gold, having relatively higher highs and lower lows. Many investors prefer silver investing because higher price volatility presents greater opportunities to profit, albeit with higher risk.
Why is the bid/sell price important?
Disciplined investors recognize that exiting an investment is as important as entering. A true two-way market with sizable transaction volume offers investors the ability to both purchase and sell their metal at very competitive prices. An attractive price to purchase or sell bullion, which is not available in volume, is not attractive.