Gold Price

PRICE MOVEMENTS IN THE GOLDPRICE.COM PHYSICAL GOLD AND SILVER BULLION INDEXES

The GoldPrice.com Gold and Silver Premium Index tracks the changes in the premiums for popular gold and silver 1-oz sovereign bullion coins as traded by the largest precious metals dealers in North America.

The GoldPrice.com Gold Premium Index calculates the daily aggregate average premium history for U.S. Mint Gold American Eagles, U.S. Mint Gold Buffaloes, Royal Canadian Mint Gold Maples, Perth Mint Gold Kangaroos, and Austrian Gold Philharmonics from the following dealers: APMEX, Texas Precious Metals, JM Bullion, Provident Metals, SilverTowne, SD Bullion, Midwest Bullion, Sprott Money, Border Gold, Silver.com and Heartland Precious Metals. The index extracts shipping costs, and calculates based on an order volume of 10 "current year" gold coins.

The GoldPrice.com Silver Premium Index calculates the daily aggregate average premium history for U.S. Mint Silver American Eagles, Royal Canadian Mint Silver Maples, Perth Mint Silver Kangaroos, and Austrian Silver Philharmonics from the following dealers: APMEX, Texas Precious Metals, JM Bullion, Provident Metals, SilverTowne, SD Bullion, Midwest Bullion, Sprott Money, Border Gold, Silver.com and Heartland Precious Metals. The index extracts shipping costs, and calculates based on an order volume of 500 "current year” silver coins, known as a "monster box."

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The index tracks two values: the OTC spot price, and the product premium. The spot price is the over-the-counter commodities exchange price for a 400-oz good delivery gold bar or a 1,000-oz good delivery silver bar. The premium is the surcharge over the spot price. As an example, a buyer may pay a premium of $60 above the spot price of gold for a U.S. Mint Gold Eagle. The $60 fee comprises the cost incurred by the mint to handle, mint, and/or refine gold into a beautiful gold coin. The mints sell at a profit to their authorized wholesalers, and those wholesalers and dealers assess a fee to sell into the retail market. The accumulation of these charges represents the cumulative premium.

Premiums for precious metals coins can fluctuate significantly when demand outstrips supply for fabricated, finished product. While the OTC spot price of gold and silver can move rapidly, and millions of ounces can trade in the “paper” or “electronic” markets, the same volatility is not possible in the physical market due to manufacturing constraints. The mints cannot double or triple output to meet demand over short periods of time, and so these supply constraints are reflected in the premiums on these coins. As a rule, the lower the demand, the lower the premium. The higher the demand, the higher the premium. The index monitors and records these fluctuations.

Gold Price Newsletter

Price Movements for Week Ending May 19, 2017

May 20, 2017    

Price Movements:

Volatility in the markets has translated to lower stock prices, paving the way for gold and other alternative assets to shine. For the week ending on May 19, the spot price of gold increased from $1,229.58 per ounce to $1,256.30 per ounce. Premiums on Gold American Eagles across major bullion dealers in the United States increased from $56.70 per coin to $58.16 per coin. On average, gold premiums increased by $1.11 per ounce between Friday, May 12 and Friday, May 19.

The spot price of silver increased from $16.52 per ounce to $16.92 per ounce. Premiums on Silver American Eagles across major bullion dealers in the United States increased from $2.70 per coin to $2.79 per coin. On average, silver premiums increased by $0.01 per ounce between Friday, May 12 and Friday, May 19.

Top Headlines

Gold prices edged higher Friday to post their largest weekly gain since mid-April, as overall declines in the U.S. dollar and equities from a week ago fed haven demand for bullion.
By Myra P. Saefong and Rachel Koning Beals for MarketWatch

Spot gold is little changed at $1,247.69 per oz this morning, as are palladium prices, while silver prices are up 0.3% at $16.64 and platinum prices are down 0.2%.
By William Adams for Bullion Desk

Gold prices raced higher as worries about political instability in the US swept financial markets.
By Ilya Spivak for DailyFX

Featured Product

The Suns of Liberty Mint recently released one of the most unique silver bullion items on the market today, a 1 OZ silver square round made of 99.9% fine silver. The Suns of Liberty Mint is a veteran-owned private facility based in Mount Holly Springs, Pennsylvania. Founder Dave Berger, a former US Army Green Beret and a decorated veteran of the War on Terror, originally began minting hand-stamped and hand-engraved bullion pieces in his apartment and neighbor’s garage before growing to the renowned facility it is today. The obverse side of this silver square features an image of the sun, complete with 10 wavy rays of sunshine radiating from its center. Engraved above the sun are the words “SUNS OF LIBERTY MINT,” and below, “TRUST IN YOURSELF” along with the year of mintage. The reverse side shows rays of sunshine peeking out behind a large number “1”, and below it, “Troy OZ” representing the coin’s weight. Above the large number “1” is the coin’s purity of “.999 Fine Silver” along with “SOLM”, the mint’s initials.