| Metal | Price Per Gram | Price Per Ounce | Price Per Kilo |
|---|---|---|---|
| Gold | $117.24 | $3646.12 | $113394.33 |
| Silver | $1.34 | $41.81 | $1300.29 |
| Platinum | $44.52 | $1384.58 | $43060.44 |
Bullion is precious metals in bulk form that are bought and sold based on their weight and purity. Bullion can come in the form of coins, bars, or ingots and is valued for its metal content rather than any numismatic value.
The value of bullion is directly tied to the spot price of gold or silver, which fluctuates based on market conditions, supply and demand, and broader economic factors.
Understanding the underlying bullion data is crucial when investing in precious metals like gold and silver. Bullion data refers to the various metrics and information that provide insight into the value, availability, and trends of these metals.
Several critical data points influence the price and value of gold and silver bullion.
The spot price is the current price at which gold or silver can be bought or sold for immediate delivery. It represents the price for one troy ounce of the precious metal on global commodity markets. The spot price changes throughout the day based on market activity and reflects the latest consensus on the value of gold or silver.
When purchasing gold or silver bullion, buyers often pay a premium over the spot price. The premium covers costs such as manufacturing, distribution, and dealer margins. Understanding the typical premium for different forms of bullion (coins, bars, etc.) can help you assess whether you're getting a good deal.
The Gold/Silver Ratio measures how many ounces of silver it takes to buy one ounce of gold. This ratio is a helpful indicator for determining the relative value of silver compared to gold. When the ratio is high, silver may be undervalued, and investors could consider buying silver. Conversely, when the ratio is low, gold might offer better value.
| Value Per Gram | Value Per Ounce | Value Per Kilo | |
|---|---|---|---|
| Gold | $117.05 | $3646.12 | $117222.76 |
| Silver | $1.34 | $41.81 | $1344.19 |
| Platinum | $44.45 | $1384.58 | $43129.67 |