Gold Price Today
The live gold spot price is NZD 7,261.58 per troy ounce (NZD 233.47 per gram), equivalent to USD 4,266.65 per ounce. Up 4.80% from the previous close, with a day range of NZD 6,928.80–NZD 7,261.58. As of Thu, 06 Aug 2026 08:53:26 GMT.
Price by Weight
NZD| Weight | 24kInvestment | 22kCoins | 18kJewellery | 9kUK / NZ |
|---|---|---|---|---|
| 1 gram | ||||
| 5 grams | ||||
| 10 grams | ||||
| 1 troy ozstandard | ||||
| 50 grams | ||||
| 100 grams | ||||
| 250 grams | ||||
| 1 kilogram |
Spot price only. Physical gold costs slightly more due to dealer premiums — typically 1–5% over spot. Why? →
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Understanding the Gold Price
What is the spot price?
The spot price is the current market price for one troy ounce (31.1035 grams) of gold at 99.5%+ purity, for immediate delivery. It is the reference price quoted by dealers, exchanges, and financial media — the number displayed above. Spot price is set continuously by trading activity on global markets, not by any single authority.
How the LBMA and COMEX set the benchmark
Two mechanisms dominate global gold price discovery. The LBMA Gold Price is set twice daily (10:30am and 3:00pm London time) via an electronic auction among accredited banks, administered by ICE Benchmark Administration. The COMEX (part of the CME Group) trades gold futures contracts continuously, and its most active contract is widely used as a real-time price reference. Asian trading hours are increasingly influenced by the Shanghai Gold Exchange.
Bid/ask spread — what it means for buyers
The bid price is what a dealer pays to buy gold from you; the ask price is what they charge to sell it to you. This spread exists on every liquid market and widens during periods of volatility or low trading volume. For gold, spreads are typically tightest on the most commonly traded products — 1oz coins and small bars — and widest on rare or large-denomination items.
Premium over spot — why physical gold costs more
The spot price reflects the raw commodity value of gold; it is not what you pay at a dealer. Physical products carry a premium covering refining, minting, distribution, dealer margin, and insurance. Typical premiums range from roughly 3–5% on large bars to 5–10%+ on popular coins, and considerably more on small or collectible items. Premiums rise independently of the spot price when physical demand outpaces available supply.
Gold price and macro conditions
Gold has no yield, so it competes directly with interest-bearing assets. It has historically tended to rise when real interest rates fall, when the US dollar weakens, and during episodes of inflation or geopolitical stress that push investors toward assets outside the banking system. These relationships are directional tendencies from historical data, not fixed rules — gold can and does move against any one of them in a given period.
Related reading: What actually drives the gold price · Central bank gold reserves · Gold investment education · Historical gold price data
Frequently Asked Questions
What is the gold price today?
The gold spot price fluctuates continuously during market hours as it is set by trading on global exchanges including the LBMA, COMEX, and Shanghai Gold Exchange. See the live price above, which updates every 45 minutes with the day’s high, low, and percentage change.
How is the gold price determined?
The gold spot price is set by supply and demand in the global over-the-counter (OTC) and futures markets. The two reference benchmarks are the LBMA Gold Price (set twice daily via electronic auction in London) and COMEX futures (traded continuously in New York). Spot price reflects the cost of gold for immediate delivery, one troy ounce (31.1 grams) of 99.5%+ pure gold.
Why does physical gold cost more than the spot price?
Dealers charge a premium over spot to cover refining, minting, distribution, insurance, and their margin. Premiums are typically 3–10% for widely-traded coins and bars, higher for smaller weights or collectible items, and lower for large bars (1kg+). During periods of high demand, premiums can spike further as physical supply tightens even though the spot price is unaffected.
What is the difference between the bid price and ask price?
The bid price is what a dealer will pay to buy gold from you; the ask price is what they will charge to sell it to you. The gap between them, the bid-ask spread, is one source of dealer margin. Spreads are typically tighter for larger, more liquid products like 1oz coins and wider for less common items.
Does the gold price change on weekends?
Major gold markets (LBMA, COMEX) are closed on weekends, so the spot price does not update with new trading during that time. Some over-the-counter desks continue quoting indicative prices, but with wider spreads and lower liquidity than during the trading week.