Precious Metals per Troy Ounce: Gold, Silver, Platinum and Palladium

Gold, silver, platinum and palladium: prices based on front-month futures.

What Is Quoted Here

The four precious metals are quoted in US dollars per troy ounce and sourced from the COMEX and NYMEX futures markets. Each page shows the most actively traded contract (front month). When trading rolls to the next contract, the series may show a step that reflects the contract change rather than an actual price movement.

Four Metals, Different Roles

Gold is primarily held as a store of value by central banks, investors and the jewelry industry. Silver also has strong industrial demand, particularly from electronics and solar power, while platinum and palladium are heavily dependent on automotive production and catalytic converters. These three industrial metals therefore tend to be more volatile than gold and are more closely linked to the business cycle than to periods of financial stress. Their markets are also less liquid.

For Euro Investors

All four metals are quoted in US dollars, so euro-based investors are exposed to the dollar as well: a rise in the metal price can be partly or fully offset by a weaker dollar. The exchange rate is shown under EUR/USD .

What drives gold prices over the long term, and why calling gold an “inflation hedge” tells only part of the story, is covered in Gold and Inflation .