Real-time live gold and silver price quotes chart on COMEX

A couple of pages on the new quotes.post1.org sub-domain have been created to display the real-time live gold prices and live silver prices on the COMEX exchange. These price quotes and charts will complement the Live Quotes and Live Gold displays over here. As before, the value-added part is the automatic refresh of the live prices and charts on a continuous basis in order to display the real-time gold and silver prices during market trading hours on the COMEX exchange.

The difference between the gold spot price and the gold futures price (and likewise for silver) is explained as follows :

Spot gold vs gold futures

There is usually a difference between the spot price of gold and the future price. The future price is used for futures contracts and represents the price to be paid on the date of a delivery of gold in the future. In normal markets the futures price for gold is higher than the spot. The difference is determined by the number of days to the delivery contract date, prevailing interest rates, and the strength of the market demand for immediate physical delivery. The difference between the spot price and the future price, when expressed as an annual percentage rate is known as the "forward rate".

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