It is a tried and trusted asset class that is highly preferred by investors for diversification. The spot market for gold is an avenue that is frequently used by investors, both individual and institutional so as to profit from the volatility in prices.

Gold bullion encompasses gold bars, coins, rounds and ingots that are at least 99.5% pure. The term bullion is used to describe items that are valuable because of the precious metal they contain rather than any form or backing from the government.

Monex offers gold bars in three convenient sizes. The smallest option, 1 oz gold bullion bars are perfect for home storage and generous gift-giving. Also available is the 32.15 troy ounce gold “kilobar,” a one kilogram bar of at least . 999 fine gold.

It is almost impossible to buy silver, gold, and other precious metals at spot price because the spot price does not take into account the additional costs associated with the design, manufacture, transportation, purchase, or sale of precious metals, such as packaging, shipping, handling, or insurance.

While low risk overall, gold investing still carries some downside risks to consider. Storage, insurance, economic factors, inflation, and political impacts can all influence gold's risk profile. Weighing gold's lack of passive income against its inflation-hedging merits is key for investors.

A simple definition can help you understand the finer nuances of trading in gold. Spot Gold – As the term implies, spot gold refers to trade in which gold is purchased immediately, i.e. on the spot. The price is determined immediately and both the product and cash are interchanged almost instantly.

22-karat gold is 91% pure gold and 24-karat is 99.9%. Whereas karat refers to the purity of gold, bullion refers to gold that people buy and sell for investment purposes. Because of this, bullion gold doesn't have to be 24 karats. For example, the American Gold Eagle coin, a popular form of bullion, is 22-karat gold.

Bullion refers to physical gold and silver of high purity that is often kept in the form of bars, ingots, or coins. Bullion can sometimes be considered legal tender, and is often held as reserves by central banks or held by institutional investors.

Spot Prices represent the midpoint between Monex bullion bid and ask prices per ounce. A Current Spot Price is calculated as a bid/ask average, based on a virtual non-stop price discovery process of active comparable commodity transactions. They include dealer and exchange markets throughout the world.

$61.76 Live Gold Price

Gold Prices Today

Naturally, this means the three key concepts of spot trading are the spot price, trade date and settlement date. As with all trading, profits are not guaranteed, and losses can occur if the asset price diminishes or rises, contrary to the direction of the trade.