Current Gold 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.

The spot gold price is different than what the current gold price is by definition. A spot price or rate of the commodity gold is the price that is quoted with the expected trend of the market to be figured into the final price upon delivery. Delivery of an exchange of this type is generally one or two days.  Hopefully this article here at Current Gold Prices will help to explain this spot gold price.

Because the price of gold is generally quoted in USD, the world can trade this valued commodity with all participants knowing exactly what the price is in their currency. A good example of a daily spot gold price is the one set by the London Gold Exchange. They have two spot gold prices set each day. The London AM and the London PM. The London PM is the most widely used spot gold price used in the world. This is set each day at 9:00 am EST in America.

For those active traders in gold and wanting to get up to date prices, there is a live feed of the world’s spot gold price at www.spot-gold-price.org. This is a live stream that gives a minute by minute update. The reason this should be consulted or any other gold market is because the world does not all trade at the same time. The actual spot gold price does fluctuate several dollars in just minutes. A good example of this was on July 20, 2009. At 2:59 AM GMT + 4 the price of gold was just over $941 USD. At 3:50 AM GMT +4 the price had dropped to just under $938.When large amounts are traded, $3 dollars can add up.

Guessing the future of any commodity accurately is difficult. But those that set the spot gold price have centuries of historical data to rely on. For this reason it is generally accurate and trusted.

The current gold prices news for investors is good but bad for the consumers. With the price of gold at well over $900 an ounce, most consumers are putting off purchase of gold jewelry. Even with this low demand for gold from the jewelry sector, gold bullion prices are continuing to rise.

Looking back in time, for the 20th century, most of the major markets including the stock exchange and commodities markets have on average an 18 year cycle. The stock market is currently very volatile because of its close ties to the financial market. Uncertainty will continue to plague these markets for a good time to come.

The Gold and other precious metal markets are different. One of the main reasons is that gold is not only a currency but also a commodity. The current trend for the price of gold is up. This has been the trend for the past ten years with the price of gold bullion going from around $250 USD in 1999 to over $900 USD this year, money can still be made and investments are relatively safe.

At present the mining of gold is declining which has spurred companies like Newmont to make purchases like they did with the Canadian Gold Miner Miramar for $1.53 billion dollars. This major asset of Miramar is the expected resources in its site at Hope Bay in Canada that should contain over 10 million ounces of gold.

There is more gold to be mined which could bring down the price eventually, but at present that is not the trend. Gold has been steadily approaching the $1000 barrier. If this happens this year, no one is sure where it will end.

But like all investments, watching the current gold prices news will give each investor some hint of the untold future.

The current gold prices as reported on July 19, 2009 are at $940.50 USD per ounce. This is from the www.kitco.com and is for gold bullion.

The Monex Precious Metals exchange tracks not only gold bullion but also gold coins that are used by many investors as their gold investment rather than bullion.

For the Gold Euro Philharmonic the current rate is $978.60 USD. This is a legal tender coin first struck in 1989. It is also the only large scale European legal tender gold coin that is issued. The pureness of this coin is rated at 0.9999% or 24 karats. It also has the distinction of being the largest one ounce pure gold coin in the world.

The Gold American Buffalo is currently at $1026.00 USD. This is the first pure 0.9999% or 24 karat gold bullion coin minted by the United States Government. The weight is one troy ounce or 31.1035 grams. The face value is of $50 USD but because of the gold prices, it is worth more today.

The Gold American Eagle is currently at $983.90 USD. There are four different sizes of this coin available. The largest being the one ounce gold coin weighing 1.0909 troy ounces or 33.931 grams. This gold coin is 22 karat gold with a purity of 0.9167%. Silver and copper are also present in this coin.

The Gold Maple Leaf is currently at $978.40 USD. This coin was first released in 1979 and is 0.9999% or 24 karat gold bullion. This coin is available in four different sizes including the one troy ounce with a face value of $50 CAD but because of the gold prices, it is worth more today.

In the last 6 months gold prices have fluctuated from $993.20 USD to $833.70 USD. The trend appears to be upwards since a low of $252.88 USD back in July of 1999. This trend will certainly see the current gold prices rise for the foreseeable future.

Welcome to Current Gold Prices.  Our site is dedicated to bringing you the latest current gold prices and most up to date gold pricing news.

I cannot remember a time when gold was more discussed than today.  Whether you are a collector of gold coins or just a gold investor, the gold market is hot.  Current gold prices are volatile and you need to be checking the current prices often to ensure that you are always buying gold at today’s spot prices.

So, please read our site often for the latest spot gold price news.  We will keep up on the gold market so that you can buy and sell gold at the best prices.

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