Current Gold and Silver Prices
The current gold and silver prices today as of July 20, 2009 are gold bullion at $937.00 USD with a 24 hour high of $939.00 and a low of $932.00 and silver bullion at $13.40 USD with a 24 hour high of $13.44 and a low of $13.09. We here at Current Gold Prices are dedicated to keeping you up to date on the spot gold price market.
For both precious metals, the lows were the opening values. Current gold and silver prices are following the same trend that they have for the past 10 years. That is an upward trend. This has been steady but not without their ups and downs.
The largest downward dip for both precious metals occurred right before the presidential elections in America. Gold prices dipped to below $725 per ounce while silver dipped to just under $9.
Over a sustained period Silver does mirror gold. This is evident from the bouncing back as shown last November when gold reached $875 before the beginning of the year. This was an 18% increase. Silver on the other hand moved up to $11 by the first of the year. This was also an 18% increase.
Current gold and silver prices stated above are for bullion. For purposes of not only collecting but as investments, both gold and silver can be purchased in coin form. Most of these coins have a face value from the country from where they were minted from. For this reason they are considered hard currency. They will never be worth less than their face value, but in all present cases they are worth more.
As the current gold and silver prices continue to increase, investment in them will continue to rise. Eventually the prices will peak out but since most markets have an 18 year cycle and the current one for precious metals is only 10 years old, this should be a solid investment for a few years to come as the current gold and silver prices continue to rise.