Metal Prices
Reading time: 2 – 4 minutes
SPOT METAL PRICES
Metal prices can vary widely in the spot market. The gold price, silver price or platinum price are shown below. 1 troy ounce = 31.1034768 grams
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METAL PRICES DATA
RunToGold.com metal prices are provided by a data feed from GoldMoney.
Metal prices are sometimes referred to as world metal prices, New York metal prices, London Metal Exchange metal prices, spot metal prices, market metal prices and bullion prices. These metal prices are indications of the current trading prices for one troy ounce of silver, one troy ounce of gold or one troy ounce of platinum on world exchanges.
The metal prices used in the gold price charts, silver price charts and platinum price charts on Run To Gold are the 24 hour Spot Gold Bid Price, 24 hour Spot Silver Bid Price and 24 hour Spot Platinum Bid Price which are discovered in New York, London, Hong Kong and Sydney. These metal prices are quoted in Federal Reserve Note dollars (FRN$). Throughout the world the metal prices are often displayed in currencies other than the FRN$ and are converted into the local currency.
Like all metal prices, the gold prices, silver prices and platinum prices reflects the inherent value of gold, silver or platinum and the relative strength of the fiat currency. For example, the FRN$ metal price of gold may increase more in percentage terms than the gold price in Euros. The reason would be that the change in metal prices is a reflection of FRN$ weakness against the Euro and would not be the result of the change in the intrinsic value of gold based on the gold market fundamentals.
Run To Gold metal prices charts are updated every 1 minute for both the live gold price charts, live silver price charts and live platinum price charts. The 50 day and 200 day moving average prices are the sum of the average metal prices for the most recent 50 or 200 trading days.
CONCLUSION
The monetary metals of gold, silver and platinum are a great way to store wealth and can be used to perform accurate metal calculations of value using tools like the Numeraire spreadsheet. Now is a great tim to buy gold, silver or platinum.
Metal Prices 382 views
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