Commodities
Gold price chart
This chart tracks gold's US dollar price per troy ounce: an investment metal, a central bank reserve asset, and a jewellery and industrial material.
The price shown is a CFD (contract for difference) that follows the international spot gold market. It's a derivative built to track the price, not a holding of physical bullion or a futures position.
Gold chart
TVC:GOLDCFD on gold (US$ per troy ounce).
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At a glance
| Full name | Gold (spot) |
|---|---|
| Common ticker | XAU/USD |
| TradingView symbol | TVC:GOLD |
| Instrument type shown | CFD on spot gold |
| Underlying market / benchmark | LBMA Gold Price, set twice daily by ICE Benchmark Administration on behalf of the London Bullion Market Association |
| Quotation unit | US dollars per troy ounce |
| Market schedule | Trades close to 24 hours a day, five days a week, with a short daily settlement break; the LBMA benchmark auctions occur at 10:30 and 15:00 London time |
| Spot vs futures vs CFD | The CFD tracks the spot (over-the-counter) gold price, distinct from COMEX gold futures, which trade in fixed contract months |
| Contract month / rollover | Not applicable to this spot-tracking CFD; COMEX futures charts would show periodic rollover between contract months |
| Data delay | Real-time streaming price from the data provider; not an official LBMA fixing print |
What is Gold?
Gold is mined worldwide - China, Russia, Australia and Canada are the largest producers - and refined into bars and coins to international purity standards. Above-ground stocks (central bank reserves, jewellery, bars and coins, industrial use) dwarf annual mine output, which is why gold behaves differently from commodities that get consumed and replenished each year.
The main benchmark is the LBMA Gold Price, a twice-daily electronic auction in London where banks and trading firms submit buy and sell interest until a clearing price is found. Most spot and CFD gold quotes, including this one, track the same underlying market continuously between auctions.
How to read this chart
A rising chart means gold is getting more expensive in dollars, which can reflect falling real (inflation-adjusted) interest rates, dollar weakness, safe-haven demand, or central bank and investor buying. A falling chart points the other way.
This is a CFD, not an exchange futures contract, so it should track spot gold closely but can differ slightly from COMEX futures prices, which price in the cost of carrying gold to a future delivery date (storage and financing, offset by any convenience yield). Futures-based charts also show gaps at contract rollover; a spot CFD series doesn't.
Gold is quoted in US dollars per troy ounce (31.1035 grams) - a precious-metals unit, not the ordinary avoirdupois ounce used for most other goods.
What moves it?
- Real yields
- Gold pays no interest, so it tends to attract more buying when inflation-adjusted government bond yields fall, and less when real yields rise.
- US dollar strength
- Gold is priced in dollars internationally, so a stronger dollar makes it more expensive for buyers using other currencies, and vice versa, all else equal.
- Central bank buying
- Central banks, particularly in emerging markets, hold and periodically add to gold reserves to diversify away from a single reserve currency; large or sustained purchases can support demand.
- ETF and investment flows
- Gold-backed exchange-traded funds hold physical bullion on behalf of investors; sustained inflows or outflows are a visible proxy for investor sentiment toward gold.
- Jewellery and retail demand
- India and China are the largest jewellery markets for gold; demand there is seasonal and sensitive to the local price, festivals and wedding seasons.
Why people watch it
Businesses that produce, refine or trade gold and gold-containing products track this price to cost inventory, set hedging strategies and price forward contracts.
Because gold often moves inversely with real interest rates and the dollar, treasurers and investment committees also watch it as one gauge of macro sentiment, not as a standalone trading signal.
Gold vs silver
Gold and silver both trade as precious metals with monetary and investment demand, but silver has a far larger industrial component (electronics, solar panels) relative to its market size, which makes it more sensitive to swings in manufacturing demand.
That also makes silver notably more volatile than gold. The gold-to-silver ratio - how many ounces of silver one ounce of gold buys - is a commonly cited, if imperfect, gauge of relative value between the two.
Frequently asked questions
Is this the same price as the LBMA gold fixing?
No. The chart shows a continuously updated CFD price tracking spot gold, while the LBMA Gold Price is a specific auction-derived benchmark published twice daily.
Why is gold priced in troy ounces?
Troy ounces are the traditional precious-metals unit and are slightly heavier than the standard avoirdupois ounce used for most other goods.
Does a CFD give me ownership of physical gold?
No. A CFD is a derivative contract that pays or charges the difference in price over time; it doesn't confer ownership of, or a claim on, physical bullion.
Why can gold and gold futures prices differ slightly?
Futures prices price in the cost of storing and financing gold to a future delivery date; small differences from spot are normal and vary with interest rates and time to delivery.
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Sources
Written and maintained by the StandardsDesk editorial team. Last reviewed 2026-08-06. The text here is deliberately evergreen: it is not rewritten every time the market moves, and no price or level is quoted anywhere outside the chart itself.
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