GOLDU Launches New Tab: Gold and Silver Price in Real Time
GOLDU has launched a new Gold and Silver Price tab, where you'll find the spot price of gold and silver in real time along with their historical development. In this article we introduce what the tab offers and how to make good use of the chart before buying.
What the new tab offers
The Gold and Silver Price tab shows the current spot price of both metals directly on the GOLDU website, with no need to look up the data elsewhere. The chart shows both the current price and its development over time – from the last day up to several years back.
How to use the chart
Using the 1D, 1M, 3M, 1Y, 5Y and All buttons, you can select the time period you're interested in. Short intervals (1D, 1M) are useful for following current market activity, while longer ones (1Y, 5Y, All) help you compare today's price with historical lows and highs and get a better sense of the long-term trend.
Why we added the tab
We wanted to make it easier for customers to decide before buying – instead of switching between the GOLDU website and external sources, you now have the current price of gold and silver within reach right here. The chart is only a supplement, though: the final purchase decision should also take other factors into account, not just the current price.
How the spot price relates to the price of a specific product
The spot price is the basis from which the final selling price of a bar or coin is derived. This is further affected by the premium (the mark-up over the metal's value, which varies by manufacturer and weight). This is explained in detail in the articles How the Gold Spot Price Is Set: LBMA Gold Price and the World Market and Premium on gold: why the price per gram differs.
Where to find the tab
The Gold and Silver Price link is part of GOLDU's main navigation, right next to the Investment Gold and Investment Silver categories. That way you can check the current price at any time, for example before buying popular products such as the Wiener Philharmoniker, the 1g Argor-Heraeus gold bar, the 1g PAMP Fortuna gold bar, or the Nadir Metal silver bar.
Frequently Asked Questions
Is the price shown in the chart the same as the price of products at GOLDU?
No. The chart shows the wholesale spot price without the premium or other costs. The final price of a specific bar or coin at GOLDU is derived from the spot price but also includes a premium that depends on the manufacturer and weight.
How often is the chart updated?
The chart shows the price in real time, following developments on the world markets.
Does the chart also show the silver price?
Yes, the Gold and Silver Price tab shows the spot price of both metals.
Disclaimer
This article is for informational purposes only and does not constitute investment advice. The prices shown are indicative and may differ from the actual tradable price. More in the document Risk disclosure and nature of information provided.
