The gold price is one of the most important pieces of financial information in the world. When telegraphs were first invented in the mid-1800s, one of their first uses was to communicate the price of gold between the markets in different nations. Today, this is one of the most basic pieces of financial information that any investor relies upon on a daily basis. Finding it, however, can be a bit of a challenge. If you’re looking for “GOLD” to come rolling by on most stock tickers, you’ll be waiting for a very long time.
Most often, you can get the gold price from gold dealer sites. They publish it on their sites because the precious metals prices will affect the prices they can charge for the vast majority of what they sell. There will usually be pricing information for silver and platinum, as well. Some graphs will show lesser known metals, such as palladium and rhodium, as many investors are developing a growing interest in investing in these metals. There are many web pages where you can get the price of gold, as well, and you can sometimes do so by searching on their finance pages.
On some online stock tickers, there is a specific abbreviation that will give you information about gold prices. You have to be careful of some of these sources, however. They’ll be giving you accurate information, in the majority of cases, but the information you’re getting may not be what you think it is. For example, there are some symbols that seem like they give the price for gold, but which are actually giving information about gold futures or about the performance of a particular financial group that owns a large quantity of gold. Be sure that the information you’re getting is actually for an ounce of gold.
The gold price will always be given for one troy ounce of gold that is .999 fine. If you’re looking at a price that seems unreasonable or odd compared to the prices the day before, you may be looking at the wrong information. The best bet is just to go to a dealer’s site and see what their information says. Most often, it’s updated every few minutes and will give an accurate measure of the worth of your metal by the ounce. Dealers have a vested interest in keeping this information easily accessible and, of course, current!