Commissions do not affect our editors' opinions or evaluations. The price of gold today, as of 8:17 am ET, was $2,655 per ounce. That’s down 0.11% from yesterday’s gold price of $2,658.

The asking price is almost always higher than the bid price. For instance, assume that gold is currently worth $2,650 per troy ounce. Gold may have a bid price of $2,645 and an asking price of $2,660.