At Golden State Mint, we believe that knowledge is power. We aim to provide the most accurate and honest spot prices for precious metals. Our fully customizable price charts allow you to monitor spot price fluctuations and see a clear metal price comparison for gold, silver, and the gold/silver ratio helping both seasoned traders and newcomers alike make informed investment decisions.
For those new to precious metals, understanding spot prices is essential. The spot price represents the current market value of one troy ounce of a specific metal, such as silver or gold. When you purchase a 1 oz silver bullion round, we pay the prevailing spot price for the metal, while the additional premium accounts for manufacturing, packaging, transportation and insurance as well as profit margin.
- Spot Price refers to the current market price for a particular metal, typically quoted per troy ounce. This price fluctuates based on global supply and demand, geopolitical events, and broader economic conditions.
- Premiums over spot come into play when you buy physical products. The premium is the extra amount you pay above the spot price to cover the costs associated with minting, distribution, dealer markups, and any special features (such as design, packaging, or rarity).
Common questions received about products & prices based on precious metals charts:
What does “Over Spot” Mean When Buying Gold?
“Over Spot” refers to the premium cost added by precious metals manufacturers when selling their products. When we pay the prevailing spot price for gold and silver, the “over spot” premium covers the manufacturing costs of our work and contributes to our net profit margins.
What does “Spot Gold” Mean?
“Spot Gold” is the market value for a single ounce of gold which is the exact price reflected in our price charts throughout the day. This price changes every few seconds based on market conditions. To keep up with these rapid changes, we've designed our website to automatically stream the updated the precious metal pricing.
What does “Silver Spot Price” Mean?
Similar to “What is spot silver?”, the “Silver Spot Price” refers to the current market value of one troy ounce of silver, which is the exact price displayed on our charts here and at the top of every page on our website. Similar to gold, this price updates constantly during market hours.
The spot price reflects the live market value of any precious metal while the premium ensures you're receiving a tangible product. Understanding these factors can help you make informed decisions on what to buy based on your investment strategy, whether you're seeking smaller, more liquid purchases or larger, lower-premium buys.
For silver & gold news today, please visit our GSM blog here.
