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

Modest 0.1% Growth in US Industrial Production

Industrial production rose by 0.1% in October according to the Federal Reserve. While industrial production is not typically volatile, it speaks to the overall stability of the US economy and consequently the strength of the greenback which typically has an inverse relationship with the price of gold.

While the report today shows a stable economy, the price of gold is holding recent gains and trading at the time of writing at $1,221.31/oz and up 0.7% on the day after dropping recently.

Key Takeaways

  • Production is 4.1% higher compared to October of last year.
  • Last month manufacturing output rose by 0.3% and mining output dropped by 0.3% while utilities fell by 0.5%.
  • The 5th consecutive monthly gain in manufacturing proportionately outweighed other declines to bring overall production up 0.1% monthly and the index is estimated to have risen at an annual rate of 4.7% in Q3.
  • The quarterly gain was revised upwards from a much lower initial estimate of 3.3%.

Hurricanes had an impact on production in October and September but this is estimated to be limited to 0.1% decreases in the index. The total industrial production is 4.1% higher than it was last year with a current reading of 109.1% of the 2012 average for the index. Capacity utilization for the industrial sector was 78.4%, 1.4% below the long-term average measured between 1972 and 2017.

The Fed states that the activity is due to mining reaching an all-time high in August during the ongoing boom in oil and gas production.

The index for business equipment rose 0.8% in October with a 0.9% increase in the index for defense and space equipment. Both indexes have registered increases for 5 straight months which was in part spurred on by the big spending bill rolled out earlier in the year to ramp up defense spending.

Motor vehicle assembly slowed down after stronger readings the two months prior and now coming in at a seasonally adjusted annual rate of 11.08 million. Capacity utilization fell to 78.4% from the previous upwardly revised figure of 78.5% in September.

As we’ve seen in other manufacturing reports and surveys, manufacturers continue to express concern about tariffs and an economic slowdown, but the recent report is nevertheless evidence of a strong and stable US economy following a peak in production in August - whether things will continue to slow or simply hold firm at the top is as of yet unclear.