Gemini:
What are the current prices for Gold and Silver on the New York Stock Exchange?
As of Friday, February 6, 2026, gold and silver are experiencing significant volatility. It is a common misconception that these metals trade directly on the New York Stock Exchange (NYSE); they are actually traded as futures on the COMEX (part of the CME Group) or as "spot" prices in the global over-the-counter market.
On the NYSE, you can trade ETFs that track these prices, such as GLD (Gold) and SLV (Silver)
Market Context
The precious metals market has been on a wild ride this week.
Gold recently pulled back from all-time highs near $5,600 earlier this month. The current recovery to nearly $5,000 is driven by renewed safe-haven demand and a "bargain hunting" sentiment after a sharp correction.
Silver has been even more volatile. It hit a record high of $121 in late January 2026 before crashing. Today's price of $76.62 represents a strong bounce-back from an intraday low of roughly $64 seen earlier today.
NYSE-Traded Alternatives
If you are looking to trade these on the New York Stock Exchange specifically, here are the leading instruments:
SPDR Gold Shares (GLD): Currently trading around $453.39.
iShares Silver Trust (SLV): Currently trading around $69.21.
Would you like me to look up the performance of specific gold mining stocks on the NYSE, or perhaps set a price alert for when gold crosses the $5,000 mark again?
Are the prices you gave me 'spot' prices?
Yes, the prices for gold ($4,956.80) and silver ($76.62) mentioned earlier are spot prices.
In the world of commodities, it is helpful to distinguish between the three different ways prices are quoted. Here is a quick breakdown of what those "spot" numbers actually represent versus what you see on the stock exchange:
1. Spot Price (The numbers I gave you)
What it is: The current market price for immediate delivery of the physical metal.
How it's set: It is derived from the most active "front-month" futures contracts on the COMEX. It represents the global average of what large banks and bullion dealers are trading at right now.
The Catch: You generally cannot buy physical gold at exactly the spot price. Dealers add a premium (a markup) to cover their costs and profit.
2. NYSE ETF Prices (GLD, SLV)
What they are: These are "paper" representations of the metal that trade like stocks.
The Correlation: They are designed to track the spot price very closely. For example, GLD is structured so that its share price is approximately 1/10th of the price of an ounce of gold (minus the fund's management fees).
Why they differ: Because they trade on the NYSE, they only move during New York market hours, whereas the "spot" price moves 24 hours a day globally.
3. Futures Prices
What they are: Agreements to buy or sell the metal at a specific date in the future (e.g., June 2026).
The Difference: Futures can be higher or lower than the spot price depending on "carrying costs" (storage, insurance, and interest rates) and market expectations for where the price is headed.
Would you like me to calculate the "premium" you might pay for a physical 1oz gold coin compared to the current spot price?
Please...
To understand the true cost of buying physical metal, you have to look at the Premium—the amount a dealer charges over the spot price to cover manufacturing, distribution, and their own profit.
Because of the extreme volatility today (Friday, February 6, 2026), premiums are currently higher than usual as dealers try to protect themselves from rapid price swings.
1. Gold Premium Calculation
For a standard 1oz American Gold Eagle coin:
Current Spot Price: ~$4,963.00
Dealer "Ask" Price: ~$5,161.60
Total Premium: $198.60
Premium Percentage: ~4%
Note: If you buy smaller amounts (like a 1/10oz coin), the premium can jump to 10-15% because the cost to mint the coin is the same regardless of its size.
2. Silver Premium Calculation
Silver premiums are almost always higher percentage-wise than gold because the metal is bulkier and more expensive to ship relative to its value. For a 1oz American Silver Eagle:
Current Spot Price: ~$76.68
Dealer "Ask" Price: ~$101.80
Total Premium: $25.12
Premium Percentage: ~32.7%
Why the big difference?
Bars vs. Coins: Bars generally have lower premiums because they aren't "legal tender" and are easier to mass-produce.
Volatility: On days like today, where silver has swung over 8%, dealers increase their "spread" (the difference between what they buy it from you for and what they sell it to you for) to avoid losing money if the market crashes ten minutes after you buy.
Would you like me to find a reputable online dealer with the lowest current premiums, or should we look at the "Buy Back" prices to see how much you'd lose if you sold it back immediately?
Then there is getting my 'coins' or bars into Canada. How could that be done. or can I buy from Toronto?
Buying physical gold and silver in Canada is actually significantly easier than importing it from the US, largely because Canada is one of the world's largest producers of these metals.
1. Buying Locally in Toronto
You do not need to deal with the logistics of "getting coins into Canada" if you buy them within the country. Toronto is the hub for precious metals in Canada, and you have several reputable options:
Major Banks: Banks like TD, RBC, and CIBC sell physical gold and silver. You can often order online and have it delivered to your local branch for secure pickup.
Specialized Dealers: Toronto has high-profile brick-and-mortar dealers where you can walk in and buy over the counter:
Guardian Gold (Dundas Square)
Canadian PMX (Richmond Hill/North Toronto)
Bullion Mart (North York)
Toronto Gold (Bloor St. West)
The Royal Canadian Mint: You can purchase directly from the Mint or through their authorized distributors. Their "Maple Leaf" coins are world-renowned for their purity.
2. The "Bullion Tax Advantage" in Canada
There is a massive benefit to buying in Canada: Investment-grade bullion is GST/HST exempt.
Gold: Must be .995+ pure.
Silver: Must be .999+ pure. As long as you are buying standard bars or Maple Leaf coins, you pay 0% sales tax. If you buy "jewelry" or lower-purity collector coins, you will be charged the full 13% HST in Ontario.
3. The Risks of Importing from the US
If you already own coins in the US and want to bring them across:
Duty-Free: Under USMCA (formerly NAFTA), there are generally no duties on gold/silver coins made in the US, Canada, or Mexico.
The $10,000 Rule: If you are physically carrying more than $10,000 CAD in "monetary instruments" (which includes many legal tender coins) across the border, you must declare it. Failure to do so can lead to immediate seizure of the metal.
Shipping: Shipping across the border involves customs brokerage fees and potential "meltdown" risks if the paperwork isn't perfect.
Would you like me to find the current "Ask" price for a 1oz Gold Maple Leaf at a specific Toronto bank so you can compare it to the NY spot price?








