Online quotes of gold and silver on the stock exchange in real time
Gold and silver are the most popular assets that are used both for investment and for making money on the stock exchange.
The cost of precious metals is displayed as a pair of XAU/USD for gold and XAGUSD for silver. Traditionally, the price is indicated in US dollars.
Below is an online quote for gold and silver, which shows the real value of these metals at the moment:
Prices are updated approximately once a minute; if the update does not occur, then most likely, in real time, exchange trading in precious metals is not carried out and the latest current price is shown.
What are online silver and gold quotes?
The small table presented above has several columns, which, in addition to the price, display other useful data:
Symbol – the quote itself XAUUSD – gold, XAGUSD – silver
Bid price – the lower price, the selling price at which you can sell the precious metal
Ask price is the high price at which exchange purchase transactions are made.
Change – change in the value of the precious metal per minute, blue color is positive, red color is negative.
Spread - the difference between the purchase and sale prices or the broker's commission in points that will need to be paid when opening a transaction
Other important points when using gold and silver quotes
The gold quote XAUUSD is two-digit in terms of the number of decimal places, which is quite convenient, since 1 point is equal to one cent. That is, the minimum price change here is one cent, the spread size will also be displayed in cents.
The price of the metal is indicated for 1 troy ounce , with 1 lot being 100 ounces, and the minimum transaction size is 0.01 lot or one troy ounce.
When transferring a position to the next day, a swap commission , for purchase transactions it is negative, and when selling an asset, it is positive.
The silver quote XAGUSD is three digits and has three decimal places, so the minimum price movement is only 0.1 cents.
The cost of the metal here, as well as for gold, is indicated for 1 troy ounce, but 1 lot of silver is already equal to 5000 ounces. The minimum order size in the trading platform is 0.01 lot or 50 ounces.
The swap of long positions is negative, money is debited from you for transferring the transaction to the next day, and the swap of short positions is positive , and profit is accrued on them.
Trading in precious metals occurs through the trader's terminal; the following brokers are used to access the exchange - https://time-forex.com/vsebrokery/brokery-zoloto-serebro