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Where to find out the price of gold in real time?

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Finding out the gold price today in grams or ounces can be done easily but it is important to pay attention to few little important details.

The price is expressed in different ways depending on your target market and use that you will make of that figure. One price is fixed by the LBMA (London Bullion Market Association) which communicates and fix the price (gold fixing) twice a day in GBP, EUR and USD by bringing together its members (a handful of banks).

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There are also several indexes around the world such as the COMEX (Commodity Exchange) that trade on the American market and whose spot gold rate is expressed in dollars (USD) and ounces. Around the world, form this price, a national gold price is extrapolated by using the national currency (converted according to the current exchange rate with USD) and depending on the weight measurement system in effect on the country where ounces might become grams where the metric system is used.

During the 2016 spring, China also began its gold market to compete with the United States. In particular, the Shanghai Gold Price Benchmark (as the LBMA in London in the UK) establishes the gold rate daily in Yuan and in grams while the Shanghai Gold Exchange accepts gold trading during the day as the COMEX does in the US. Even in this case, the spot price is only expressed in Chinese Yuan, in grams, and it will be interesting to see if the price will be also indicated in other currencies in the near future. China's signal was also strong from the political point of view demanding an independence in the gold market trying to avoid the Western monopoly.

Sources to check the gold prices in real time:
http://goldprice.org/
http://www.investire-in-oro.com/gold-price-today/

For the Italian version of the above article, please check the following page about gold price in Italian

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