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 November 17, 2017

November 18, 2017    

Price Movements:

The debate in the senate this week over the proposed tax bill caused the dollar to take a dip amongst the uncertainty of having enough support to pass, which resulted in an increase of the price of gold. For the week ending on November 17, the spot price of gold increased from $1,276.89 per ounce to $1,295.12 per ounce. Premiums on Gold American Eagles across major bullion dealers in the United States increased from $59.98 to $60.29 per coin. On average, gold premiums increased by $0.34 per ounce between Friday, November 10 and Friday, November 17.

The spot price of silver increased from $16.95 per ounce to $17.36 per ounce. Premiums on Silver American Eagles across major bullion dealers in the United States remained steady at $3.08 per coin. On average, silver premiums remained steady at $2.66 per ounce between Friday, November 10 and Friday, November 17.

Top Headlines

Gold prices rose Friday, supported by a weaker dollar as investors focused on the Senate’s debate over its tax bill.
By David Hodari and Amrith Ramkumar for The Wall Street Journal

The gold market posted good gains in late morning dealings Friday. Outside markets are lending a helping hand to the precious metals markets bulls.
By Jim Wyckoff for Kitco News

Gold prices notched a small gain on Thursday as U.S. economic data fed uncertainty over the Federal Reserve’s path for interest-rate hikes and a rebound in U.S. equities kept prices in a tight trading range.
By Myra P. Saefong and Rachel Koning Beals for MarketWatch

Featured Product

This unique poker chip style round has a convenient interlocking design so even if multiple rounds are stacked high, collectors will have no worries about them tumbling down should they fall. Privately minted by SilverTowne, this playful round is one Troy ounce of 99.9% fine silver. Investors will be familiar with the image that appear on the reverse side of the round as it makes an appearance on many of SilverTowne’s popular silver bars. The logo invokes images of the old west featuring a prospector leading his faithful burro as they trudge along looking for precious metals. The prospector carries a pick over his shoulder and his burro is loaded high with all the mining equipment. “WINCHESTER INDIANA” is engraved just below the prospector and burro’s feet along with the round’s weight “1 TROY OUNCE” and metal content “.999 FINE SILVER”. The obverse side of the silver round stars the cartoon character Prospector Pete and his loyal donkey. Prospector Pete holds a silver round close to his face and with close examination it’s easy to see that the round is stamped with ST representing SilverTowne. “SILVERTOWN” is inscribed just to the left of Prospector Pete’s large hat. The edge of the reverse side of the round is slightly raised with the obverse edge being somewhat inset making the rounds easy to stack.