Commissions do not affect our editors' opinions or evaluations. The price of gold today, as of 9:12 am ET, was $2,760.15 per ounce. That’s down 0.17% from yesterday’s gold price of $2,764.87.

When gold demand outstrips gold supply, the price of gold goes up. The chief areas of gold demand are in gold jewelry. In 2017, 46% of demand for gold was for jewelry. There is also the use of gold in ...