Gold Price Today – July 24, 2025

As of 9:20 a.m. Eastern Time, gold is selling at $3,355 per ounce. This is $62 lower than yesterday’s price but $990 higher than it was one year ago.

Even with this small drop, gold remains a trusted option for people who want to protect their money during uncertain times.

Why People Still Invest in Gold

Gold is not always the top-performing asset, but it has one strong advantage—it holds value well when other investments fall.

From 1971 to 2024, gold returned about 7.9% per year on average. In comparison, stocks gave a higher return of 10.7% per year. But unlike stocks, gold often does better during financial crises or inflation.

This makes gold useful as a backup plan in your investment portfolio.

What Is the Spot Price of Gold?

The spot price is what gold costs if you want to buy it right now. This price changes throughout the day based on supply, demand, and global events.

When the price for gold in the future is higher than the spot price, it’s called contango. If the future price is lower, it’s known as backwardation.

These price patterns help traders decide the best time to buy or sell.

What Is Price Spread in Gold?

The price spread is the gap between the buying price and the selling price. The buying price (ask) is what sellers want. The selling price (bid) is what buyers offer.

A small price spread means that gold is in high demand and easy to trade. A wide spread means trading is slower or demand is low.

Simple Ways to Invest in Gold

You can invest in gold in many ways:

• Gold bars: These are sold by weight and show the gold’s purity.
• Gold coins: Popular coins like the American Gold Eagle are often sold at a premium.
• Jewelry: While beautiful, jewelry costs more because of the design and labor.
• Gold ETFs: These are funds that track the gold price. They are easy to buy and sell.
• Gold futures: These are contracts to buy gold later at a fixed price. They are for more advanced investors.

Many experts say gold ETFs are easier to manage than physical gold.

Is Now a Good Time to Buy Gold?

In 2025, gold has already gone up more than 25%. This rise is caused by inflation and global economic uncertainty.

If you’re looking for a way to protect your money, this might be a good time to add gold to your savings or investment plan.

What About Other Precious Metals?

 

Besides gold, some investors also buy silver, platinum, and palladium.

• Silver changes price more often because it’s used in many industries.
• Platinum and palladium are also used in factories and tend to rise and fall more than gold.

These metals can help diversify your investments, but they carry more risk than gold.

Make money without lifting your fingers: Start using a world-class auto trading solution.

EightCap, your trusted Partner in CFDs, Cryptocurrencies and Stocks.