What is the price of precious metals?

Glossary of Precious Metals Terms. Contact Us. Real time market. Gold $1,855.51 -5.58 (-0.3%) Silver $25.49 -0.01 (-0.04%) Platinum $1,105.82 -2.46 (-0.22%) View all precious metals.

What are spot prices and how do they affect precious metals?

Spot (paper) prices could diverge from real-world pricing in the markets for physical precious metals. For example, during periods of extreme stress in markets it may be impossible to obtain physical metal anywhere near the quoted spot price. Premiums on retail bullion products may surge as a consequence.

How much does metal cost per pound?

Metal. Average Price. Date Updated. #1 Bare Bright Copper Wire. $2.11/lb. Updated 08/09/2020. #1 Copper Tubing. $1.94/lb. Updated 08/09/2020.

Where do metals prices change hands?

Metals contracts change hands in London and Shanghai when U.S. markets are closed. But the largest and most influential market for metals prices is the U.S. COMEX exchange. The quote for immediate settlement at any given time is effectively the spot price. A hundred years ago, gold sold for just $20 per ounce.