The market price of gold today, 21-Sep-2017 is 1,297 dollars per troy ounce.
Gold data on Quandl includes today's live market prices for gold coins, bullion, futures and spot gold rates; plus full historical data that you can download, graph, embed or access via our API. Just click on any gold rate or graph to see the entire data history as a time series.
The LBMA fixes the price of gold by matching gold buyers and gold sellers until the market clears. These gold prices are considered the benchmark for gold trading around the world.
In addition to informal spot markets and jewellers around the country, gold in India trades mainly on the Multi Commodity Exchange (MCX) in Mumbai. The MCX sets gold rates for a number of gold contracts.
Gold coins are considered a valuable investment by many people wanting to diversify their portfolios. Gold coins minted by different countries vary in their size, weight and purity of composition; hence their prices also vary. Rarity is another factor determining gold coin prices.
Industrial gold users and large financial institutions including central banks transact mostly in gold bulliion. Gold bullion rates are benchmarked to a handful of reputable firms known for the purity and uniformity of their gold bars.
For investors not willing to own physical gold, gold futures offer a convenient, liquid, leverable means of investing in gold. Gold futures trade on exchanges and markets around the world.
Gold indexes reflect the weighted average value of an investable portfolio of gold stocks.
Quandl provides share prices and detailed fundamental information for 1000s of stocks, including leading gold producers and gold miners.
The World Gold Council publishes live gold rates in 10 major currencies. Historical data for many more currencies is available here.
Quandl provides gold benchmark prices and reference rates published by various global central banks and think tanks.
GOFO rates reflect the expected future demand for gold. GOFO is the rate of interest paid by borrowers on cash loans that are collateralized by gold. A negative GOFO rate implies that cash borrowers receive interest when they borrow cash aginst gold. Another way to interpret this is that the market is willing to pay interest to borrow gold.
Gold data on Quandl comes from a variety of reliable sources, including the London Bullion Market Association (LBMA), the Multi Commodity Exchange (MCX), the Wiki Commodities Database, the Chicago Mercantile Exchange, the World Gold Council, the US Federal Reserve, The US Securities and Exchange Commission, the Bundesbank and the Bank of England. If there's some other dataset or source you'd like added to this page, please email me.
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