Real-time spot gold price in US$ per troy ounce on COMEX exchange (automatic refresh)
Spot gold vs gold futures
There is usually a difference between the spot price of gold and the future price. The future price is used for futures contracts and represents the price to be paid on the date of a delivery of gold in the future. In normal markets the futures price for gold is higher than the spot. The difference is determined by the number of days to the delivery contract date, prevailing interest rates, and the strength of the market demand for immediate physical delivery. The difference between the spot price and the future price, when expressed as an annual percentage rate is known as the "forward rate".