Spot Gold (XAU/USD)

The current global market price for immediate purchase and delivery of one troy ounce of gold.

Detailed Definition

Spot gold refers to the price at which gold is bought or sold for immediate payment and delivery on international over-the-counter markets (such as London Bullion Market Association and COMEX). It is quoted under the ISO 4217 currency code XAU against the US Dollar (XAU/USD).

Query Ask RR Intelligence

Have questions about Spot Gold (XAU/USD)?

Ask our zero-LLM database query engine for historical data, conversions, or impact on Pakistan markets.

Ask RR About Spot Gold (XAU/USD)

Related in Bullion

Ratti

A traditional gem and gold weight unit equal to 1/8th of a masha (approx. 0.1215 grams).

Rawa Gold

Pure 24-karat raw melted gold bars traded between wholesale bullion dealers.

Karat (K)

A measure of the purity of gold out of 24 parts.