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What is gold spot price right now?
MONEX Live Gold Spot Prices
| Gold Spot Prices | Today | Change |
|---|---|---|
| Gold Prices Per Ounce | $1,781.00 | -3.00 |
| Gold Prices Per Gram | $57.26 | -0.10 |
| Gold Prices Per Kilo | $57,259.15 | -96.45 |
How do you calculate spot price?
There is no mathematical formula for Spot price. It is more of an economic concept rather than a mathematical part. At any point in time, forces of demand and supply play an essential role in determining the market price.
Who would use a spot rate?
The spot rate is used in determining a forward rate—the price of a future financial transaction—since a commodity, security, or currency’s expected future value is based in part on its current value and in part on the risk-free rate and the time until the contract matures.
How does spot pricing work?
The Spot price for each instance type in each Availability Zone is determined by long-term trends in supply and demand for EC2 spare capacity. You pay the Spot price that’s in effect, billed to the nearest second. Note that you never pay more than the Spot price that is in effect when your Spot Instance is running.
How do I calculate the spot gold price per gram?
When calculating the price for one gram of gold, one must take the “spot rate” and divide it by 31.1034768, the troy-ounce-to-gram conversion rate. In this example, one would divide $1,200.00 by 31.1034768. The net result should be a price $38.58 per gram. This amount is the spot price of gold per gram.
Where is the cheapest place to buy gold?
Hong Kong is widely acknowledged as the cheapest place to buy gold coins. Go to Queen’s Road in Hong Kong’s Central District, and you’ll find well-known banks, such as HSBC, shifting gold coins for as little as 0.2% above the premium.
How to buy gold and silver below spot?
Know what the current spot price is. Live gold spot and silver spot prices may be found with ease all over the web or on dealer websites.