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 18, 2018

May 20, 2018    

Price Movements:

Gold suffered its worst weekly decline in five months due to a resurgence in the U.S. dollar and suspected upcoming interest rate hikes. For the week ending on May 18, the spot price of gold decreased from $1,318.97 to $1,293.25 per ounce. Premiums on Gold American Eagles across major bullion dealers in the United States decreased from $60.13 to $59.41 per coin. On average, gold premiums decreased by $0.42 per ounce between Friday, May 11 and May 18.

The spot price of silver decreased from $16.70 per ounce to $16.49 per ounce. Premiums on Silver American Eagles across major bullion dealers in the United States remained steady at $3.05 per coin. On average, silver premiums increased by $0.01 per ounce between Friday, May 11 and Friday, May 18. 

Top Headlines

Gold prices came under pressure as the US Dollar and bond yields rose on the whole.
By Daniel Dubrovsky for DailyFX

Over the long-term, the main driver for gold prices is the expansion of wealth, said Juan Carlos Artigas, director of investment research at the World Gold Council.
By Kitco News

Gold finished a withering week with a slight gain on Friday, as a pickup in a benchmark Treasury yield to its highest level since 2011
By Myra P. Saefong and Rachel Koning Beals for MarketWatch

Featured Product

Every year collectors wait to add the next installment of the patriotic Silver American Eagle coin to their portfolios. The 2018 Silver American Eagle coin contains one-ounce of 99.9 percent fine silver and has a design that embodies American history and culture by featuring America’s iconic bird. The U.S. Mint assigns this coin a $1 face value. The obverse side shows Adolph A. Weinman’s Lady Liberty draped in an American flag, walking gracefully towards the rising sun. The words “LIBERTY” are engraved in a semi-circle over the top half of the coin, along with “IN GOD WE TRUST” just to the right of Lady Liberty, and the coin’s date of mintage listed below her feet. The reverse side of the coin features the famed iconic bald eagle with wings outstretched, originally designed by John Mercanti in 1986, the Chief Engraver at the U.S. Mint at the time. The eagle is shown below 13 small stars, representing each of the original 13 colonies. “UNITED STATES OF AMERICA” stretches from wing to wing and the coin’s weight, silver content and face value are etched at the bottom of the coin.