The spot price of gold or silver is the price at which the metal trades on the global wholesale market for immediate settlement. It moves continuously while markets are open, driven by supply, demand, interest rates and currency movements. It is quoted in US dollars per troy ounce and converted to euro at the current exchange rate.
Why the price you pay differs from spot
No dealer sells at exactly the spot price. Physical products carry a premium above spot that covers minting, distribution, insurance and the dealer's margin. Smaller bars and coins carry higher premiums per gram than large bars. When you sell, dealers quote slightly below spot. That is why we show reference metal values on this site and prepare a personal quote for every transaction.