We have independently evaluated the products and services below. We may earn affiliate revenue from links in the content.

Current price of gold as of October 6, 2025

Danny BakstBy Danny BakstCompliance and production manager
A grid of gold bars.
Getty Images

Gold was fetching $3,928 an ounce at 9:35 a.m. Eastern Time zone today. This represents a $2 drop compared to yesterday, though it's still a $1,285 rise from last year. 

Gold price per ounce% Change
Price of gold yesterday$3,930+0.05%
Price of gold 1 month ago$3,580-8.87%
Price of gold 1 year ago$2,643-32.72%
Price of gold yesterday
Gold price per ounce$3,930
% Change+0.05%
Price of gold 1 month ago
Gold price per ounce$3,580
% Change-8.87%
Price of gold 1 year ago
Gold price per ounce$2,643
% Change-32.72%

Gold could be a suitable investment if you want to avoid assets directly influenced by inflation's volatility. Gold is generally anticipated to appreciate in value as an investment over the long term. A prevalent method for acquiring and overseeing gold involves a gold IRA, acting as a stabilizing element within an investment portfolio when markets become unpredictable. Marketplaces. This could also be an excellent option for individuals seeking gold investment exposure while avoiding the complexities associated with managing physical gold storage. A large wild cat.

Historical gold price chart 

Gold doesn'consistently perform as a top-tier investment. When the economy is robust, equities tend to see enhanced performance both in the immediate and extended future. The stock market achieved an average yearly return of 10.7% between 1971 and 2024. During that timeframe, gold yielded an average yearly return of 7.9%.

When the economy is uncertain, gold stands out as a safe choice for investors looking to minimize risk. Because of this, some might prefer to see it as a way to store wealth rather than an investment like stocks or bonds.



What does “spot gold” mean? 

The spot price for gold reflects its immediate buy or sell value in an over-the-counter transaction. Investors can effectively track the demand and prevailing trends in gold investment during that period by using this method. In essence, an increased spot price for gold signifies greater market demand for the precious metal. In contrast to futures, the spot price refers to a transaction that occurs right away.  

A market condition where the future price of an asset exceeds its current spot price is known as contango. This typically occurs with investments in commodities that are expensive to store. Backwardation occurs when the futures price is less than the spot price.

The spot price fluctuates constantly due to a multitude of influencing factors. Investors in gold must be prepared for this degree of price volatility.

Check Out Our Daily Rates Reports

What is price spread in gold trading?

A price spread denotes the gap between the bid and ask prices for an asset. 

In the realm of gold investments, the two essential concepts are the ask price and the bid price. The ask price represents the cost to acquire the gold, whereas the bid price signifies the amount it can be sold for. The price at which someone is willing to buy is always less than the price at which someone is willing to sell.

A tighter range between these two prices signifies a more liquid market. A narrow difference indicates increasing demand for gold.

How to invest in gold 

The immediate association of investing in gold with Scrooge McDuck gleefully diving into a heap of coins captures only part of the picture. Though one can purchase tangible gold in the form of bars, coins, or jewelry, a frequent method of trading gold involves exchange-traded funds (ETFs).

Financial advisor James Taska, who operates on a fee-only basis, remarked, "A significant discussion is ongoing regarding the efficacy of paper gold compared to its physical counterpart. From a financial advisor’s perspective, it is considerably simpler to adjust a client's gold holdings when they are held within an exchange-traded fund (ETF), rather than The spread encountered when trading gold can fluctuate considerably and be rather broad. 

Gold can be invested in through several popular methods, such as:

  • This gold investment method, frequently called bullion, is widely utilized. Typically stamped on the bar's face, other characteristics such as purity, weight, and manufacturer are available when purchased by the gram or ounce. You might also come across gold-colored projectiles.
  • These are collectible coins, similar to the American Gold Eagle. These are frequently offered at a premium compared to bars of equivalent weight, due to their perceived collectible status and scarcity in the market. Ce.
  • Jewelry's value is largely aesthetic, external, and subjective, meaning its price often greatly exceeds its material weight. Worth. 
  • A futures agreement obligates an investor to purchase a set quantity of gold at an agreed-upon price on a future date. Futures contracts enable investors to bet on gold's future price without the necessity of dealing with the tangible metal. 
  • These are mutual funds or ETFs that hold gold assets. Similar to other exchange-traded funds within a stock portfolio, you have the option to buy units in gold funds or any other mutual fund investment, and their worth changes in accordance with t Changes within the underlying asset portfolio.


Is it a good time to invest in gold?

Deciding if the current moment is superior for investing in gold versus other times involves a degree of relative personal opinion. Incorporating gold into your investment mix can help buffer against market fluctuations and diversify your current holdings.

Amidst the current economic landscape, gold remains a reliable source of stability, particularly when contrasted with the considerable volatility experienced by the stock market. Prices have reached unprecedented levels, climbing more than 25% since early 2025 due to persistent inflation and economic instability. Numerous authorities suggest now is an opportune moment to broaden your investments by including gold.

Current precious metals prices as of 9:35 a.m. ET today

Precious MetalPrice per ounce
Gold$3,928
Silver$48
Platinum$1,634
Palladium$1,290
Gold
Price per ounce$3,928
Silver
Price per ounce$48
Platinum
Price per ounce$1,634
Palladium
Price per ounce$1,290

Beyond gold, investors commonly consider silver, platinum, and palladium as valuable precious metals to include in their investment portfolios. Silver is known for its greater price fluctuations compared to gold, which can experience significant shifts in value over a single day. As silver is a more prevalent resource utilized across various sectors, it exhibits greater susceptibility to shifts in the wider economy.

Silver, platinum, and palladium are all in a similar situation. For portfolio diversification, investors may consider these uncommon metals, though it's important to note they generally experience significantly greater volatility than gold.



The takeaway 

The United States The economy has undergone significant changes over the past few years, with the prolonged period of high inflation having a substantial effect. Investors may find that gold acts as a protection against inflation within their investment portfolios. Due to the diverse ways gold can be acquired, investors can often find it a straightforward asset to build up, depending on their personal comfort. And fascination. Gold investments, whether held within an IRA or a standard brokerage account, can contribute to both immediate and sustained financial objectives. Objectives.

Frequently asked questions

What is the best way to own gold?

Gold ETFs are a popular choice for investors seeking a diversified and accessible investment vehicle.

Is gold a good investment?

For those aiming to diversify their investments and protect against inflation, gold frequently serves as a sound option. Gold can be purchased through various channels, simplifying investment accessibility.

Should I buy gold coins or gold bars?

Due to their status as collectibles, gold coins can sometimes command a price exceeding the simple market value of the gold they contain, even when compared to a gold bar. For certain investors, the appeal of coins as an asset is enhanced by their collectible and historical value. In addition, U.S. Minted coins could offer investors a safeguard against counterfeit bars.

Fortune Global Forum is back in October. March 26–27, 2025, Riyadh. Top executives and international decision-makers will convene for an exclusive, high-impact forum focused on forging the path ahead for commerce. This is the rewritten text.