Question 1

What is the 'spot price' of gold?

Accepted Answer

The spot price is the current market price for one troy ounce of pure gold that is available for immediate delivery. It's the baseline price used by dealers and exchanges worldwide before any premiums for minting, fabrication, or shipping are added.

Question 2

Why should I invest in gold?

Accepted Answer

Gold is widely considered a 'safe-haven' asset. Investors use it to preserve wealth and hedge against economic risks like inflation, currency devaluation, and stock market volatility. It often performs well when other assets are declining, making it an excellent tool for portfolio diversification.

Question 3

What is the difference between physical gold and a Gold ETF?

Accepted Answer

Physical gold refers to tangible assets like bars and coins that you own directly and can store yourself. A Gold ETF (Exchange-Traded Fund) is a share in a fund that holds large amounts of gold; you own a piece of the fund, not the metal itself. Physical gold offers no counterparty risk, while ETFs offer high liquidity and lower transaction costs.

Question 4

How are the live prices on GoldZag sourced?

Accepted Answer

Our live price data is sourced from a reliable, institutional-grade financial data provider that aggregates prices from multiple global liquidity sources. This ensures the data is accurate, fast, and reflective of the real-time global market.

Question 5

Is the Portfolio Tracker secure? Where is my data stored?

Accepted Answer

For guest users, all portfolio data is stored exclusively in your browser's local storage—it never leaves your computer, ensuring complete privacy. If you create a free account, your data is securely stored in our encrypted cloud database, allowing you to access it from any device.

Question 6

What are 'making charges' on jewelry?

Accepted Answer

Making charges, or workmanship costs, are the fees added by a jeweler to the price of gold jewelry to cover the costs of design, labor, and their profit margin. These can vary significantly based on the complexity of the piece. Our Jewelry Price Estimator helps you separate the gold value from these charges.