Live indicative price today
Read as a ratio, XAU/USD prices one troy ounce of unallocated gold in US dollars. The displayed figure is a mid-quote — the midpoint between the best indicative bid and offer aggregated from OTC liquidity providers in London, New York, and Hong Kong, refreshed up to once every 60 seconds during market hours. Reference data of this kind supports valuation and sizing; an executable price on a specific lot is set at the moment of contract.
Quoted in troy ounces — the LBMA reference unit — spot translates arithmetically into per-gram, per-kilogram, and per-400-oz figures at the constants 1 kg = 32.1507 troy oz and 400 troy oz ≈ 12.4414 kg. The kilobar (1 kg) is the dominant institutional bar format for family offices and mid-size corporate treasury, supplied at refinery origin by Heraeus and Argor-Heraeus SA. London Good Delivery 400 oz bars set the LBMA wholesale standard and carry central-bank-scale and large institutional positions. Reading from the per-gram column supports cross-format reconciliation, customs documentation, and translation into reporting currencies on non-troy bases.
Gold Spot Price
Live indicative spot price for wholesale physical gold (XAU). Data represent mid-quotes from global OTC liquidity providers in London, New York, and Hong Kong.
How the displayed price is formed
Without a single global exchange, gold price discovery happens continuously in an OTC market spanning the London, New York, and Hong Kong sessions, where bullion banks, refiners, central banks, and large institutional dealers quote against each other. Two formal reference points punctuate the continuous market: the LBMA Gold Price, set twice daily at 10:30 and 15:00 London time through an electronic auction administered by ICE Benchmark Administration, and the COMEX gold futures price, set continuously on CME Group venues and used as a hedging and discovery reference particularly during US hours.
Between those two formal fixings, the page sits at a continuously refreshed midpoint. Multiple OTC liquidity providers contribute indicative bid and offer levels; the page takes the midpoint and refreshes up to once every 60 seconds. Aggregation across three time zones means the reference stays continuous outside any single venue’s session — useful for cross-jurisdictional reading by treasury and family-office desks operating across London, New York, and APAC.
Three properties of the displayed figure are load-bearing for how it should be used:
- Indicative reference status. The number reflects where the market is quoting in aggregate; it carries informational status only. A binding price comes into existence when a counterparty issues a quote against a specific lot and the buyer accepts within the validity window.
- Mid-quote between bid and ask. Real transactions settle on the bid (sell side) or the ask (buy side); the midpoint sits between them as a reference. Spread between bid and ask widens in low-liquidity windows — Asia overnight, holiday sessions, post-event volatility — and an executable quote reflects the prevailing spread at the moment of pricing.
- Spot for unallocated gold. Spot refers to unallocated gold settling on a standard T+2 basis in the London market. Delivered physical — allocated, refinery-marked, in a named vault or in transit to a named destination — adds premium for format, refinery origin, custody, and logistics on top of spot.
Golden Ark Reserve sources the underlying quote feed from commercial market-data providers and aggregates it for display. The reference is published for the information of qualified counterparties. Counterparty identity is verifiable via the counterparty identifier registry — LEI (GLEIF), Refinitiv PermID, D-U-N-S, Bloomberg BBID and FIGI, FactSet, S&P Capital IQ, BvD, ISNI.
Historical performance
Calculated as the percentage change in the gold price over a calendar year, annualized return is read in the selected currency. The selector matters because a holder’s gold return is the return in the currency they report and fund in — a Canadian family office marks gold against CAD; an Australian corporate treasury against AUD; a US institutional book against USD. Across the three columns, the same underlying ounce can show materially different yearly figures when the USD strengthens or weakens against AUD or CAD over the year. Reading down a single currency column shows the historical record of gold’s behaviour as a balance-sheet position in that base currency; reading across a single row shows how FX translation shapes the realised outcome for holders reporting in different denominations.
Where annualized series read year by year, period-window returns answer a narrower question: how does the current price compare to a reference point N back. Different windows correspond to different institutional uses. Intraday and 30-day figures inform mark-to-market and short-cycle valuation. The 6-month and 1-year figures frame quarterly and annual reporting against the position’s cost basis. The 5-year and 20-year figures support allocation reviews and the case for gold as a multi-cycle reserve component. Crossing the post-Bretton-Woods era — gold floating freely against USD since 1971 — the 50-year window is the long-horizon record for gold as an institutional reserve asset, with the caveat that returns of this magnitude over five decades incorporate two distinct inflation regimes and multiple monetary cycles.
Both widgets compute from the same underlying time series feeding live spot, with calendar-year and period-window arithmetic running off close-of-period readings. Past returns describe the historical record only; forward performance is independent of any backward-looking figure shown.
Value calculator
At the displayed mid-quote and selected purity, the calculator converts a budget into a fine-gold quantity. Fine gold means the gold content excluding alloy; a 999.9 (24K) bar contains 9999 parts gold per 10,000, the LBMA Good Delivery purity standard for investment bullion and the default reading here. Lower purities — 995, 999 — are selectable where the conversion is needed against a specific bar specification.
On the buy side, execution settles at the ask, which sits above mid by the prevailing OTC spread. The computed quantity therefore represents an upper bound a budget purchases at this instant; an executable figure prices off the ask.
Produced in standard formats — 1 g, 10 g, 100 g, 1 oz, 1 kg, 400 oz, plus intermediate refinery sizes — physical bullion ships in inventory defined by those increments. An order resolves to an integer count of bars in available formats; a computed gram weight rounds to the nearest delivered configuration. Premium over spot for format, refinery origin, allocation, and logistics enters at the contract stage and falls outside the calculator’s scope.
Reading on screen is indicative; a binding price on a specific lot issues through the contracting process and carries a stated validity window. Acceptance inside the window locks the figure, while expiry returns the quote to the moving market for re-pricing at the prevailing level.
Reference versus transaction quote
Between the page price and a contractable price sit five mechanical differences that determine the executable figure on a specific lot:
- Side of the spread. Mid moves to ask for a buy or to bid for a sell. Spread varies with session liquidity and market conditions at the moment of pricing.
- Format and refinery premium. Spot prices a notional troy ounce of unallocated gold. A specific lot — 1 kg Heraeus cast, 1 kg Argor-Heraeus minted, 400 oz LBMA Good Delivery — carries premium reflecting bar production, refinery brand, and format scarcity. Smaller formats and minted bars carry higher per-ounce premium than 400 oz cast bars.
- Allocation and custody. Allocated bullion identified by refinery, serial, and assay sits in named storage and carries the cost of vault placement and custody coordination. Unallocated balances price below allocated at the difference in those carrying costs.
- Delivery destination. A bar leaving the vault for cross-border delivery prices in insured logistics, Incoterms, customs handling, and carrier authorisation. The destination changes the figure.
- Validity window. A quote is valid for a stated period — minutes to hours — during which the buyer can lock the price by countersigning. Outside the window the quote expires against the moving market and re-prices at the prevailing level.
Each of the five factors enters as a contract input rather than as a market adjustment to spot, which is why a quote desk reads the lot specification before it reads the screen. Working from a buyer’s parameters — format, refinery, allocation, destination, settlement window — the desk returns an executable figure on the specific lot; that handoff happens through pricing for a specific lot.
| Period | Change |
|---|---|
| Today | +0.23% |
| 30 Days | -4.89% |
| 6 Months | +0.42% |
| 1 Year | +26.86% |
| 5 Years | +142.29% |
| 20 Years | +657.94% |
| 50 Years | +1,040.72% |
Adjacent references on Golden Ark Reserve
Beyond spot, four reference areas sit alongside the price page and one closes the access boundary. Format selection — refinery-origin bars, cast versus minted, LBMA Good Delivery, serial and assay conventions — is documented format-by-format under /gold-bars/ for the 1 kg and 400 oz standards. Once a position is acquired, custody and movement reference live under /gold-storage/, which documents allocated storage contracted through Brink’s, vault jurisdictions, audit, and reporting, and under /gold-delivery/, covering cross-border logistics, Incoterms for bullion, carrier authorisation, and release instruction. On the exit side, /gold-buyback/ carries repurchase terms, sell-side pricing mechanics, and settlement.
Counterparty admissibility is documented under /compliance-amp-legal/: AML and KYC requirements, source-of-funds review, and the three aligned filters — international sanctions screening (OFAC, EU, UK, UN, and others) via Refinitiv World-Check, Heraeus supplier agreement restrictions, and LBMA Good Delivery supply-chain standards. The Russian Federation falls outside these filters under current restrictions; the compliance reference page documents how the gating runs for any incoming counterparty review.





