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

Q1 GDP Revised Downward, Gold Prices Drop

Economic growth in the US economy during the first three months of the year was revised slightly downward in the government’s final GDP reading which was released on Thursday morning.

Key Takeaways

  • The US GDP for Q1 was revised downward by 0.1% to 3.1% compared to a flat expected reading. 3.1% was the figure first reported after the first reading which was later revised upward.
  • Though unexpected, the news had little impact on the financial markets.

Strong on paper, the Q1 GDP reading was widely regarded as anomalous and due to inventory selloffs made possible by the brief respite in the US/China trade war which remains ongoing. The conflict has escalated significantly since it began, with tariffs imposed by both nations which traditionally trade heavily in raw materials and agricultural produce.

The trade war negotiations are now suspended pending promises from the US to withhold tariffs on the next $300 billion worth of goods as well as to resume the sale of US technologies to Chinese companies such as Huawei. The Chinese government also stipulated that the US remove the latest 25% tariff and to have more decorum and respect when discussing the trade war in public.

If these conditions are not met, the trade war will enter what President Trump refers to as “Phase 2”, a move that will undeniably have a major negative impact on the US GDP moving forward, perhaps even prompting the Federal Reserve to implement up to three rate cuts in 2019.

Expert Outlook

A spokesman for the Chinese government said “We hope the U.S. side could drop its wrong practices, and we can solve the problems through equal dialogue and cooperation.”

The Foreign Ministry also released a statement saying “The U.S.’s threat to add tariffs cannot scare us. The Chinese people refuse to be misled and will not be intimidated. So I would like to offer a piece of advice to the U.S. -- starting a trade war and adding tariffs harms itself and others.”

Market Reaction

Gold prices have undergone a significant correction following recent gains, with spot gold now down 0.61% and trading at $1,403.04/oz with a high of $1,413.31/oz and a low of $1,400.71/oz.

Gold seemed to benefit little from the weaker GDP reading or from the recent labor market report which shows an unexpected increase in layoffs.

gold price