GoldPrice

.

WHERE THE WORLD CHECKS THE GOLD PRICE

Calculators

Current Gold Holdings

$

Future Gold Price

Current Silver Holdings

$

Future Silver Price

Save the values of the calculator to a cookie on your computer.

Note: Please wait 60 seconds for updates to the calculators to apply.

Display the values of the calculator in page header for quick reference.

The Holdings Calculator permits you to calculate the current value of your gold and silver.

  • Enter a number Amount in the left text field.
  • Select Ounce, Gram or Kilogram for the weight.
  • Select a Currency. NOTE: You must select a currency for gold first, even if you don't enter a value for gold holdings. If you wish to select a currency other than USD for the Silver holdings calculator.

The current price per unit of weight and currency will be displayed on the right. The Current Value for the amount entered is shown.

Optionally enter number amounts for Purchase Price and/or Future Value per unit of weight chosen.

The Current and Future Gain/Loss will be calculated.

Totals for Gold and Silver holdings including the ratio percent of gold versus silver will be calculated.

The spot price of Gold per Troy Ounce and the date and time of the price is shown below the calculator.

If your browser is configured to accept Cookies you will see a button at the bottom of the Holdings Calculator.

Pressing the button will place a cookie on your machine containing the information you entered into the Holdings Calculator.

When you return to goldprice.org the cookie will be retrieved from your machine and the values placed into the calculator.

A range of other useful gold and silver calculators can be found on our Calculators page

Gold Price Calculators

Housing Starts See Worst Slump Since 1984, Gold Prices Hold Gains

Construction of new homes in the US saw the largest monthly decline since 1984, pushed downward by the impact of the coronavirus outbreak on the housing market and the economy as a whole. Residential starts dropped 22.3% to a rate of 1.22 million vs. 1.3 million expected, an 8-month low. Permits dropped 6.8% to 1.35 million.

Key Takeaways

  • Housing starts fell 22.3% in March to an 8-month low, the worst monthly drop since the mid-80s.
  • Groundbreakings fell from an annual rate of 1.56 million units to 1.2 million, according to the Commerce Department.
  • Construction of single-family homes fell 17.5%, with condo starts tumbling 32.1%.

22 million Americans have lost their jobs in the last four weeks, and with nationwide containment procedures in place, construction is difficult or impossible in many regions throughout the US. With reduced demand and a major recession now underway, the housing market is tumbling along with other portions of the US economy, such as retail and labor.

The number of homes being completed saw a 6.1% drop, meaning many homes are left half-finished due to the unfortunate timing of their construction.  Permits, an indicator of future construction, fell 6.8%. This decline was entirely due to a 12% drop in single-family unit permits, while permits actually rose for the multi-family home category. However, multi-family buildings saw the biggest drop in new construction, falling 32% last month compared to 17.5% for single-family units.

The Northeast saw the worst regional drop, with new construction falling 42.5%, almost twice the drop seen in other regions. The Midwest saw the largest decline in single-family housing starts, and that category saw an increase in the West last month.

The coronavirus only began to disrupt the housing market in late March, making it likely that April figures will be worse. While building permits hit a 13-year high in January, indicating an upcoming housing market boom, the pandemic has triggered a major downturn throughout the US economy, including in housing. The housing market will be severely affected, with an annual decline of 9.3% in housing starts forecast overall.

Expert Outlook

Chief economist at Naroff Economics Joel Naroff stated "The decline in economic activity is breathtaking. While we will see an initial upturn once the economy reopens, the strength and length of that recovery is not clear at all."

Senior BMO Capital Markets economist Sal Guatiere wrote “Starts could well sink to half this level (0.6 million) in April, as the National Association of Home Builder housing market index plunged by a record 42 points, four times more than the next worst month.”

“Housing is not safe in the current situation, as job losses mount and prospects for homeownership dim,” said Rubeela Farooqi, chief U.S. economist for High Frequency Economics.

Market Reaction

Gold prices have held gains from earlier in the session following the joint release of very downbeat economic data on manufacturing, housing, and jobless claims today. Spot gold last traded at $1,728.48/oz, up .70% with a high of $1,738.46/oz and a low of $1,713.20/oz. Gold prices saw a major correction in yesterday’s session, decoupled from downbeat economic news and likely part of a natural pullback following strong gains.