![]() This is a constantly changing price from the New York markets, and trading goes on until about 2:00 p.n. ![]() trading day, the spot price is usually based on the latest Comex spot gold price. This is the one price of gold in US dollars which is quoted daily, and familiarly, around the world. The London PM fix, of all the gold spot prices, is the price at which the world's largest size gold purchases and sales are accomplished on any given day. or afternoon fix gold spot price, actually set during the morning hours in the United States, around 9:00 am Eastern Standard Time. The most common quoted spot price comes from the London P.M. One of the most exciting features of this type of dredge is that it allows the prospector to penetrate areas that were otherwise impossible to reach with heavier and more cumbersome equipment.They are also far more efficient than the machines of old. The spot price of gold is the official price of gold at any given moment and can vary between different sources of data. Every grain counts and every grain is valuable, so before you go to sell your gold, weigh it carefully on a sensitive digital scale that can register to at least one-tenth of a gram. ![]() Since gold has gotten so valuable, it has become necessary to weigh it down to a fraction of a grain. In every ounce, there is 480 grains, 20 pennyweight or 31.104 grams. DID YOU KNOW? The market price of gold is based on 1 troy ounce of pure gold. ![]()
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