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Gold (GC=F) June futures opened at $4,690 per troy ounce on Monday, down 0.9% from the previous closing price. Gold moved even lower in early trading, falling to $4,673.90 by 6:45 a.m. ET.
Silver (SI=F) July futures opened at $80.15 per ounce on Monday, also 0.9% lower than the previous closing price. The price of silver edged up in early trading to $81.06 by 6:45 a.m. ET.
President Trump has rejected the latest peace proposal from Iran, calling it “TOTALLY UNACCEPTABLE!” in a Truth Social post yesterday. As a result, gold prices are lower, stocks are holding before open, and oil is back over $103 a barrel this morning.
Consumer and producer price reports are due out later this week and will provide a clearer picture of how the months-long war with Iran is affecting prices and driving inflation concerns.
The opening price of gold futures on Monday was down 0.9% from Friday’s closing price. Here’s a look at how the opening gold price has changed versus last week, month, and year:
The one-year gain for gold was 95.6% on Jan. 29.
24/7 gold price tracking: Don't forget you can monitor the current price of gold on Yahoo Finance 24 hours a day, seven days a week.
Want to learn more about the current top-performing companies in the gold industry? Explore a list of the top-performing companies in the gold industry using the Yahoo Finance Screener. You can create your own screeners with over 150 different screening criteria.
The opening price of silver futures on Monday was 0.9% lower than Friday’s closing price. Here’s how the opening silver price has changed versus last week, month, and year:
Learn more: How to invest in silver: A beginner’s guide
The price of gold can be quoted in multiple forms because the precious metal is traded in different ways. The two main gold prices investors should know about are spot prices and gold futures prices.
Learn more: How to invest in gold in 4 steps
The spot price of gold is the current market price per ounce for physical gold as a raw material, sometimes called spot gold. Gold ETFs that are backed by physical gold assets generally track the gold spot price.
The spot price is lower than what you’d pay to buy gold coins, bullion, or jewelry, since your total price will include a markup called the gold premium that covers refining, marketing, dealer overhead, and profits. The spot price is more like a wholesale price, and the spot price plus the gold premium is the retail price.
Learn more: Thinking of buying gold? Here's what investors should watch for.
Gold futures are contracts that mandate a gold transaction at a specific price on a future date. These contracts are exchange-traded and more liquid than physical gold. They settle on the contract expiration date or earlier, either financially or via delivery. A financial cash settlement involves paying the contract’s profit or loss in cash. Delivery means the seller sends physical gold to the buyer for the contracted price.
Supply and demand determine gold spot prices and gold futures prices. Factors that influence gold supply and demand include:
Learn more: Who decides what gold is worth? How prices are determined.
Whether you’re tracking the price of gold and silver since last month or last year, the price of gold and silver charts below show the precious metals’ change in value.
More silver coverage from the Yahoo Finance team:
Silver price volatility: What to know and how to invest in 2026
Silver vs. gold: Which metal made investors more money in the last 50 years?
Gold alternatives? How to invest in silver, platinum, and palladium.
Why is silver outperforming gold? What to know before you invest.
3 predictions about silver prices in the next decade
The two primary gold prices investors should know are spot prices and gold futures prices. Learn the difference, the historical price of gold, and the current dynamics.
Gold prices have skyrocketed in recent years, but how high can they go next? Here are the boldest predictions for how gold will perform.
Silver prices have more than tripled over the past year despite their recent sell-off. Here’s what you should know about the metal before you invest.
Gold and silver prices have been on a tear, with silver prices increasing by more than 100% year to date. Experts weigh in on what could be causing these record highs.
How high will gold go in 2026? See live gold prices, expert predictions about gold performance, and learn whether gold will reach $6,000.
How will silver's price change in 2026 and beyond? Learn what's driving silver's price increases and expert predictions.