Gold Data Sources
Bringing you round-the-clock reliable gold price data
At GoldRate.com, we gather, analyze, test and publish professional grade data from gold dealers, exchanges and brokers with direct exchange relationships. We promise to only ever use data that is trustworthy, reliable and directly sourced – or as we like to call it, ‘pure data’.
Along with transparent and real-time gold price data that you can trust, we have introduced lots of helpful extra features to support you in price monitoring. Features include unlimited real-time price, bid, ask, high, low, open, close and previous close data; unlimited intraday and historical currency rates; interactive charts; gold worth calculator; historical performance tables; local gold product prices; and local news packed full of useful insights and updates to help you stay up-to-date with happenings from within the world of gold.
Our data
Retail gold prices
To determine the retail price, we carry out a data calculation based on a collection of bid and ask quotes from retail market dealers. As our dealers are based in a wide-range of countries and cities, we adjust the calculation to accommodate adjustments for relevant taxes before producing an average based on all quotes received. We always aim to align pricing with that which retail jewellery buyers could expect to pay.
Spot gold prices
Using our licensed data feed broker, our spot prices are based on 24-hour worldwide trading. Spot market gold trading is live and active from Sunday at 6pm until Friday 5pm (EST), with a one hour break in trading from 5pm each day.
The spot price of gold determines the current price of one troy ounce of gold and is based upon gold in its unprocessed state before being sold on to a bullion dealer and is used to determine the cost of gold in coin or bar form.
Spot price can change frequently and without notice. Factors that impact on the fluctuation of spot gold prices include supply and demand, world events, and speculative forecasting of the gold market. From London to Hong Kong, Zurich to Tokyo, gold is traded worldwide at every hour of day and night. This ever-evolving trade of gold further influences the spot price in the immediate future.
GoldRate.com’s gold prices and charts
Gold Rate’s gold price is determined using analysis of real-time gold trading around the world. Our charts can be personalized to display different times and dates, including historical data. Traders benefit from our live stream charts and multi-displays to monitor changes in real-time, using technical indicators to help them assess and action more effectively. Other gold buyers tend to use our charts to keep track of the current price of gold without the need to rely on some of the more complex indicators used by traders.
Who we work with
We only work with the best of the best in the world of gold data. Each and every direct source or data broker that we use has been specially selected based on an excellent reputation for quality and accuracy. Our data sources include:
- London Bullion Market Association (LBMA) – supplied by a licensed data feed broker
- All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) – public domain data
- Multi Commodity Exchange of India Limited (MCX) – we have a direct relationship with India’s largest commodity derivatives exchange
- Government of Dubai, Department of Economic Development (DED) – public domain data
- Dubai Gold & Jewellery Group (DGJG) – public domain data
- Thai Gold Traders Association – public domain data
- Shanghai Gold Exchange (SGE) – supplied by a licensed data feed broker
- Borsa Istanbul – supplied by a licensed data feed broker
- CME Globex – supplied by a licensed data feed broker
