Live Updated Gold Spot Price Chart

Stumble it!

Sell Gold on Ebay
Whether you are buying placer gold or selling placer gold, it’s important to know the spot price of gold. The current gold spot price is not everything though. When it comes to buying and selling placer gold, there are other factors to consider.

The spot price of gold lets us know at any given time what an ounce of 99% pure gold bullion is trading for. This gold spot price does not indicate what placer gold is worth, although it can be used as a basis, at least somewhat. So, what is placer gold worth in relation to the gold spot price? That usually depends on how fast you want to sell the gold. Just about anyone can walk into a jeweller or a mining shop and get 80% of spot value. Hey, if you have an ounce of fine placer gold and you have to sell it today, well, go for it. Similarly, if you send your gold to a refiner, they might give you 85% or even more but there is a catch. Most placer gold is impure to one degree or another, say anywhere from 70 to 90% gold. The rest is impurities such as silver, copper, etc. The refiner that will give you 85% sounds good but they will only pay you the spot price of gold for the gold! They certainly won’t pay you the spot price of gold for copper or silver.

The truth is though that placer gold is worth more than the spot price of gold. Sometimes by several hundred percentage points. How can that be so given what you have just read? You have to look at placer gold not only for it’s gold value in weight (gold spot price for 99.9999% fine bullion), but for its gemstone value. It’s actually worth more than it’s weight in gold. How much more depends on a lot of factors but it mostly comes down to who you are selling to, how you are marketing it and how fine it is. 5 ounces of fine gold will be more likely to sell at close to spot price than say an extremely rare, 10 ounce plus placer nugget auctioned off at Christies.

There are many places and ways to buy and sell placer gold. Sometimes the gold forums are a good place to try if you are a trusted member and participant. Ebay can be a good place to buy and sell placer gold. Check out what gold is going for on Ebay now: Placer Gold on Ebay

Let’s say that you find a gram of gold on Ebay which you would like to purchase. How many grams are in a Troy ounce? A troy ounce is 31.1 grams. Let’s say that the spot price of gold is $1000. If you divide $1000 by 31.1 you know that the gram of gold is worth $32.15. If you see that the gram of gold is going for $27 + $7 shipping, do the following math: $27+ $7 = $34 , 34 x 31.1 = $1057. So, you would be paying $1057 per troy ounce for that gram of gold. It pays to take a look around and see what gold is actually selling for in relation to the spot price of gold. With the fluctuations that take place, that can vary from day to day.

Don’t forget to check the spot price of gold before you buy to figure out how much you are paying for the gold!

Of course, the best way to make money on gold is to find it for yourself and just be a seller. Good Luck!
Gold Nuggets for Sale


For other metal spot prices, visit MetalSpotPrice.com

Precious Metal Spot Prices

What’s happening to the spot price of gold and gold investing? Check out the news from Yahoo:

1. GOLD ANALYSIS (Mineweb) - Barrick and Goldcorp slug it out over a copper-gold mine, or is it a gold-copper mine? The bristling hostility between two Canada-based gold diggers, Barrick and Goldcorp , over El Morro , a deposit in Chile, raises a number of issues of more than passing interest.
2. Crocodile Gold Appoints David Keough as Chief Operating Officer in Australia Effective April 2010 (Marketwire) - TORONTO, ONTARIO--(Marketwire - March 16, 2010) - Crocodile Gold Corp. (TSX:CRK) (OTCQX:CROCF) (Frankfurt:XGC) ("Crocodile Gold" or the "Company") today announces that Mr. David Keough has been appointed the Chief Operating Officer of Crocodile Gold effective April 19, 2010. Mr. Keough will succeed Mr. Grant Davey who has resigned for personal reasons. Mike Hoffman, President and CEO, commented ...
3. Lincoln terra cotta factory celebrated in Cal State Sacramento exhibit (The Sacramento Bee) - In the Placer County town of Lincoln lies the mother lode of clay deposits.
4. Crocodile Gold Appoints David Keough as Chief Operating Officer in Australia Effective April 2010 (CCNMatthews via Yahoo! Finance) - TORONTO, ONTARIO-- - Crocodile Gold Corp. today announces that Mr. David Keough has been appointed the Chief Operating Officer of Crocodile Gold effective April 19, 2010. Mr. Keough will succeed Mr.
5. Crocodile Gold Appoints David Keough as Chief Operating Officer in Australia Effective April 2010 (Marketwire via Yahoo! Finance) - TORONTO, ONTARIO--(Marketwire - 03/16/10) - Crocodile Gold Corp. (TSX: CRK - News )(OTCQX: CROCF)(Frankfurt: XGC - News ) ("Crocodile Gold" or the "Company") today announces that Mr. David Keough has been appointed the Chief Operating Officer of Crocodile Gold effective April 19, 2010. Mr. Keough will succeed Mr. Grant Davey who has resigned for personal reasons. Mike Hoffman, President and CEO ...
6. Texas Wyoming completes purchase of the Yellow Jacket mining claim (Resource Investor) - Several assays from samples taken show an abundance of gold, silver, platinum and other rare-earth elements.
7. Conquest Further Clarifies Its Detour Lake Area Property Holdings (Marketwire) - TORONTO, ONTARIO--(Marketwire - March 17, 2010) - Conquest Resources Limited (TSX VENTURE:CQR) wishes to clarify that it has not acquired any interest in the Detour Lake Gold Project being developed by Detour Gold Corp. Conquest has been exploring its own Detour Lake Area properties (Aurora and Sunday Lake) since 2002 through an option/joint venture agreement with Prism Resources Inc. and ...
8. Conquest Further Clarifies Its Detour Lake Area Property Holdings (CCNMatthews via Yahoo! Finance) - TORONTO, ONTARIO-- - Conquest Resources Limited wishes to clarify that it has not acquired any interest in the Detour Lake Gold Project being developed by Detour Gold Corp. Conquest has been exploring its own Detour Lake Area properties since 2002 through an option/joint venture agreement with Prism Resources Inc. and Boliden Westmin Limited .
9. Conquest Further Clarifies Its Detour Lake Area Property Holdings (Marketwire via Yahoo! Finance) - TORONTO, ONTARIO--(Marketwire - 03/17/10) - Conquest Resources Limited (TSX-V: CQR - News ) wishes to clarify that it has not acquired any interest in the Detour Lake Gold Project being developed by Detour Gold Corp. Conquest has been exploring its own Detour Lake Area properties (Aurora and Sunday Lake) since 2002 through an option/joint venture agreement with Prism Resources Inc. and Boliden ...
10. Area’s half-dozen set for Giant Center trip (The Milton Standard-Journal) - HERSHEY — A half dozen area wrestlers will make the trek to Hershey’s Giant Center starting Thursday for the culmination of a high school wrestler’s dream.

1. FACTBOX-Gold price facts and milestones on road to $850 (Reuters via Yahoo! UK & Ireland News) - (Reuters) - The spot gold price surged to a historic high above $850 an ounce on Wednesday on strong oil prices, a weak dollar and geopolitical tensions.
2. (AFX UK Focus) 2008-01-02 13:36 GMT: India spot gold closes higher by 1 pct but domestic demand still weak (Interactive Investor) - MUMBAI (Thomson Financial) - Indian spot gold closed higher by over 1 pct today, buoyed by global leads, but domestic demand stayed weak.
3. Manipulation / Management: Controlling the Gold Price (GoldSeek.com) - There is much talk of price management/manipulation in almost all markets. These charges are met with denial, silence and scorn. There are several aspects of markets that can give the opportunity to manage/manipulate prices.
4. Gold near record high (Reuters via Yahoo! UK & Ireland News) - Gold stabilised on Thursday, hovering near a record high above $861 an ounce hit the previous day, as record high crude oil price triggered fears of inflation and a possible recession in the United States.
5. Gold Rises to Highest Since January 1980 on Inflation Concerns (Bloomberg.com) - Jan. 2 (Bloomberg) — Gold rose, extending a seven-year rally to the highest price since 1980, as a weakening dollar and higher energy costs boosted demand for a hedge against inflation. Silver also gained.
6. Dubai gold sales up 16% in 2007 (Zawya) - Dubai: Dubai’s gold sales increased about 16 per cent in 2007 despite a sharp fall in consumer demand in the third quarter and a year of price volatility for the metal, an industry group said.
7. Gold price touches a new peak (New Kerala) - Mumbai, Jan 2: Gold today zoomed to an all time high of Rs 10,815 per ten gm with a smart gain of Rs 110 from its last close.
8. Gold rose 30 percent in 2007 (Reuters via Yahoo! UK & Ireland News) - Gold bullion traded lower on New Year’s Eve, but the market saw its biggest gain in 28 years in 2007 with the spot price less than $20 an ounce from hitting historic highs.
9. Toronto stocks remain buoyant on gold, energy (Reuters via Yahoo! News) - The Toronto Stock Exchange’s main index began the year with a jump on Wednesday but then pared some of those gains as soft financials partly offset soaring gold and energy issues.
10. Dollar fear sparks rush to oil and gold (FT.com via Yahoo! News) - Crude oil prices briefly hit the psychological $100-a-barrel level and gold prices jumped to an all-time high as investors on Wednesday poured money into commodities following deepening fears about the weakness of US dollar.