As of December 11, 2024, the current prices per ounce of the top precious metals are as follows:
| Metal | Price per Ounce (USD) |
|---|---|
| Gold | $2,755.00 |
| Silver | $34.75 |
| Platinum | $1,020.00 |
| Palladium | $1,400.00 |
Key Highlights:
Gold has seen a recent increase in price due to geopolitical tensions and expectations of a US Federal Reserve rate cut.
Silver, often influenced by industrial demand, remains strong as well.
Platinum and Palladium prices are affected by automotive demand and supply chain factors.
These prices reflect the latest market trends and can fluctuate based on various economic indicators and global events.
Gold Much Higher than Platinum
Historically, platinum has commanded higher prices than gold due to its rarity and industrial uses. However, since around 2012, gold has often surpassed platinum in value as it became recognized not just as a commodity but as a form of money with intrinsic value. This shift reflects changing investor preferences and economic conditions that favor gold over platinum for wealth preservation. Gold has been worth more than twice the price of platinum at various points in history. According to historical data, the gold-to-platinum ratio has fluctuated significantly, with the highest recorded ratio being approximately 2.55. This indicates that at certain times, one ounce of gold was valued at more than two and a half times the price of an ounce of platinum.
Checking Metals Prices
Here are some of the best websites to check metal prices, including precious metals:
1. MetalMiner
MetalMiner provides comprehensive forecasts and price data for various metals, including precious metals. It offers insights into market trends and strategies for manufacturers. The site features weekly updates on metal prices and a monthly index report.
[Visit MetalMiner](https://agmetalminer.com) [1].
2. Metals Daily
Metals Daily offers real-time prices for precious metals like gold, silver, platinum, and palladium in multiple currencies. It is known for its fast updates and user-friendly interface, making it easy to track live spot prices.
[Visit Metals Daily](https://www.metalsdaily.com/live-prices/) [2].
3. Fastmarkets
Fastmarkets provides a wide range of metal market prices, including base metals and precious metals. Their data is backed by IOSCO-compliant methodologies, ensuring reliability for users looking to make informed trading decisions.
[Visit Fastmarkets](https://www.fastmarkets.com/products/price-data/metals-and-mining-prices/) [3].
4. Daily Metal Price
This site offers free daily spot prices for various base and precious metals, along with historical price charts dating back to 2000. It provides a snapshot of current metal prices and trends.
[Visit Daily Metal Price](https://www.dailymetalprice.com) [4].
5. Argus Media
Argus Media provides extensive price data and market analysis for both ferrous and non-ferrous metals. Their platform is used widely in the commercial trade and industrial manufacturing sectors for pricing references and strategic planning.
[Visit Argus Media](https://www.argusmedia.com/en/commodities/metals) [5].
6. Metal.com
Metal.com features live price updates for a variety of metals, including those traded on the Shanghai Metals Market. It also offers historical price data and market analysis to help users understand price movements.
[Visit Metal.com](https://www.metal.com) [6].
These websites are valuable resources for anyone looking to stay updated on metal prices, whether for investment purposes or industry analysis.
Buying Metals Online
If you’re looking to buy precious metals online, here are some reputable websites that offer a wide selection of gold, silver, platinum, and palladium bullion:
1. BGASC
BGASC (Buy Gold and Silver Coins) is known for its fast and reliable service, offering a large selection of gold and silver bullion coins, bars, and rounds. They provide free shipping on orders over $199 and have a reputation for competitive pricing without hidden fees.
[Visit BGASC](https://www.bgasc.com)
2. GoldSilver
GoldSilver offers a variety of bullion products for home delivery or secure vault storage. They are recognized for their price match guarantee and allow purchases using cryptocurrencies. Their extensive selection includes popular products like American Gold Eagles and Canadian Maple Leafs.
[Visit GoldSilver](https://goldsilver.com/buy-online/)
3. Kitco
Kitco is a well-established name in the precious metals market, providing live price updates and the ability to buy and sell gold and silver coins and bars online. They also offer allocated storage options for your purchases.
[Visit Kitco](https://online.kitco.com)
4. BullionByPost
Based in Europe, BullionByPost allows customers to buy gold and silver bullion bars and coins at low premiums above the global spot price. They offer free insured delivery across Europe and a user-friendly online purchasing experience.
[Visit BullionByPost](https://www.bullionbypost.eu)
5. APMEX
APMEX is one of the largest online precious metals dealers, offering a wide range of products along with real-time pricing updates. They provide free shipping on orders over $199 and have extensive historical pricing data available for investors.
[Visit APMEX](https://www.apmex.com)
6. BullionVault
BullionVault is the world’s largest online bullion market, allowing users to buy, sell, and store gold and silver at close to wholesale prices. They provide professional vault storage options in multiple global locations and facilitate transactions 24/7.
[Visit BullionVault](https://www.bullionvault.com)
7. JM Bullion
JM Bullion specializes in physical bullion sales with free shipping on orders over $199. They focus on quality assurance by working directly with mints and distributors to provide high-quality products delivered directly to customers’ doors.
[Visit JM Bullion](https://www.jmbullion.com)
These websites are trusted sources for purchasing precious metals online, each offering unique features to cater to different buying preferences and needs. Many or all have options to buy metals without taking possession, for example. In this case, you own the metals, but pay them a fee to store them for you. This allows for easier sales at a later date, but check the costs to see if this makes sense.
Read More
[1] https://agmetalminer.com
[2] https://www.metalsdaily.com/live-prices/
[3] https://www.fastmarkets.com/products/price-data/metals-and-mining-prices/
[4] https://www.dailymetalprice.com
[5] https://www.argusmedia.com/en/commodities/metals
[6] https://www.metal.com
[7] https://www.bgasc.com
[8] https://goldsilver.com/buy-online/
[9] https://online.kitco.com
[10] https://www.bullionbypost.eu
[11] https://www.apmex.com
[12] https://www.bullionvault.com
[13] https://www.jmbullion.com