The Most popular way to determine the price of gold is the spot price of gold. The spot price of gold is the amount one troy ounce of gold is selling for at any given time. The spot price of gold is volatile and can change from second to second. Most dealers that sell physical gold will use the spot price of gold as one of the major indicators on how much to charge. Gold bullion is one of the forms of gold most influence by the spot price.

Another way to determine the price of gold is a gold futures contract. A gold futures contract is a contract in which a specific amount of gold is to be bought or sold at a given date in the future for a given price determined on the date the contract was created. The price of gold can rise or fall but the holders of the contract must buy or sell for the price on the contract before the date stated on the contract, known as the delivery date. This contract is divided up and bought and sold, the price of the contract at the end of a day’s session is known as the settlement price. The settlement price and the amount of gold in the contract divided into one troy ounce is the amount some investors will look at to determine the price of gold.

One last way to determine the price of gold is to research the price of a specific gold coin or gold bar. Some ways of doing this is to research businesses that buy that specific coin or bar and see how much they are offering for them. Another way is to search auction sites to see what the specific gold coin or gold bar sold for on the most recent date. These two ways may be less accepted than the spot price or the settlement price, but these are two of the best ways to determine the price of a specific coin or bar. By determining the price of gold, it can help an investor to know the right price to buy or sell gold.