Finder makes money from featured partners, but editorial opinions are our own. Advertiser disclosure

How to buy gold

Learn how to invest in gold and diversify your portfolio with the most well-known precious metal on Earth.

Buy physical gold Buy now
Buy gold stocks & ETFs Buy now

Gold is a relatively stable investment that doesn’t experience the same degree of volatility as stocks and other tradable assets. If you are looking to hedge against large drops in the market, you may want to consider investing in gold as a way to protect your wealth. Here’s what you need to know and how to start investing in gold.

How to buy gold – 2 ways to invest in bullion

You can invest in gold in two different ways:

  1. Buy and store physical gold
  2. Invest in gold stocks, exchange-traded funds (ETFs) or futures

1. Invest in physical gold

Buying and storing physical gold allows you to get your hands on a tangible asset and avoid the risks associated with the stock market. You can buy gold bullion in the form of gold bars or in coins:

  1. Bars and rounds: Gold bars and rounds can come in a range of sizes, from a half gram to several ounces, and typically offer lower premiums and higher purity.
  2. Coins: Because of their intricate designs and production costs, historical or sentimental value and collectibility, gold coins typically come with a higher premium compared to bullion bars or rounds.

At most institutions, there is a limit to how much gold you can purchase daily. For instance, most banks have a daily limit of around $10,000 worth of gold, but this can vary. Whether you are a customer may also influence your daily purchase limit and even purchase price.

Retirement-minded investors may consider gold IRAs for their bullion investing. These types of self-directed IRAs let you invest in physical gold and other precious metals through a tax-advantaged retirement account.

Buy gold bars

Gold bars generally range in size from 1/10oz (ounces) to 1kg, but bars of up to 500oz are available. Remember that precious metals use troy ounces and that one troy ounce equals 31.1 grams.

There are two types of gold bars: cast bars and minted bars. Cast bars are produced by pouring molten gold into an ingot mold, while minted gold bars are manufactured via a minting or stamping process.

Cast bars are cheaper to produce, but minted bars look better and are generally easier to sell.

Buy gold coins

Mints around the world also produce gold bullion coins. Typically smaller than bars and ingots, they’re generally considered to be a more convenient option for many investors.

Not only are they cheaper to buy, but they also make it easier to liquidate a small portion of your investment when you need cash. Coins contain between 1/20oz and 1oz of pure gold. A 1/20oz coin with cost you less than $200, making it a more cost-effective way to gain exposure.

These coins also have a nominal monetary value and can be accepted as legal tender in the country where they’re made – examples include the Australian Kangaroo, the American Gold Eagle, the Canadian Maple Leaf and the UK’s Gold Sovereign.

Buy gold bullion from these dealers

Gold bullion refers to gold that is at least 99.5% pure and has been transformed into bars or ingots or minted into coins. Gold bullion is the form in which gold is traded on commodities markets worldwide.

Promoted for variety of metals

Silver Gold Bull

  • Invest in gold, silver, platinum and copper
  • Choose from bars, coins, jewelry or collectibles
  • Free storage for first 3 months

Promoted for metals buyback


  • Invest in gold, silver, platinum and palladium
  • Over $2 billion in gold and silver placed
  • Guarantees to buy back your precious metals at the highest price

2. Buy gold stocks, ETFs and futures

Investors who don’t want to take delivery of physical gold or pay to store it in a third-party vault may decide to buy shares in gold stocks or ETFs. Gold stocks and ETFs typically comprise the following:

  • Gold mining companies. These companies specialize in the exploration, mining and selling of physical gold. Mining stocks allow you to directly link your capital to the success of these mines and the changing value and price of gold. Many offer the added benefit of dividends.
  • Gold-focused ETFs. These funds invest in gold mining companies, physical gold or both, giving investors access to a wide array of assets through a single investment.
  • Gold royalty and streaming companies. These companies provide mining companies with capital to expand or develop their projects and, in return, receive a percentage of the mine’s revenue or gold production.

Meanwhile, gold futures let investors speculate on the future price of gold. In general, futures are exchange-traded contracts that obligate a buyer to purchase and receive a predetermined amount of the underlying asset at a future price and date. While companies can use gold futures to lock in gold prices on an expected future purchase or sale, investors may trade gold futures as a way to speculate on the future price of gold without taking physical delivery of the asset. Examples of brokers that offer futures trading include TD Ameritrade, Interactive Brokers and tastytrade.

How to buy gold stocks

  1. Open an investment account. Compare brokers that offer stocks, ETFs and futures. Also, decide whether to invest via a taxable brokerage account or an individual retirement account (IRA). Before choosing a broker, consider things like features, trading costs and account fees.
  2. Research and choose an asset. Decide whether to invest in stocks or ETFs of gold mining companies or gold royalty and streaming companies or if you want to trade gold futures. Not all brokers offer futures trading, so be sure to compare brokers by investment options.
  3. Fund your account. Link your bank to fund your trading account.
  4. Make your investment. Buy your desired number of shares or invest a dollar amount if your brokerage of choice offers fractional shares.

Compare brokers to buy gold stocks or ETFs

Compare minimum deposits, fees and signup bonuses among top trading platforms.

1 - 7 of 7
Name Product Ratings Available asset types Minimum deposit Signup bonus
SoFi Invest
Finder Rating: 4.6 / 5: ★★★★★

Finder Award
SoFi Invest
Stocks, Options, ETFs, Cryptocurrency
Get up to $1,000 in stock
when you fund a new account within 30 days.
Winner of Finder’s Best Low-Cost Broker award.
Finder Rating: 4.2 / 5: ★★★★★

Finder Award
Stocks, Options, ETFs, Cryptocurrency
FINDER EXCLUSIVE: Get a guaranteed $15 bonus
when you sign up and deposit $100
Winner of Finder’s Best Broker for Beginners award. Not available in NY, NV, MN, TN, and HI.
Finder Rating: 4.1 / 5: ★★★★★
Stocks, Options, ETFs, Cryptocurrency, Futures
Get $100 - $2,000
when you you open and fund an account with $5,000 to $100,000+
Highly commended for Best Derivatives Trading Platform award.
Finder Rating: 4 / 5: ★★★★★
Stocks, ETFs, Cryptocurrency, Art, Treasury Bills, Collectibles
Get up to $300 in either stocks or crypto
when you use code FINDERUS to sign up and fund a new account.
2.5% fee applies to all alternative asset transactions.
Finder Rating: 4.2 / 5: ★★★★★
Stocks, Options, ETFs, Cryptocurrency
Get a free stock
when you successfully sign up and link your bank account.
Make unlimited commission-free trades, plus earn 4.9% interest on uninvested cash in your account with Robinhood Gold.
JPMorgan Self-Directed Investing
Finder Rating: 4 / 5: ★★★★★
JPMorgan Self-Directed Investing
Stocks, Bonds, Options, Mutual funds, ETFs, Treasury Bills
Get $50 - $700
when you open and fund an account with $5,000 - $250,000+
Pay no commissions on stocks, ETFs, mutual funds and options.
Finder Rating: 4 / 5: ★★★★★
Stocks, ETFs
Wealthfront builds a free financial plan for the life you want and automate your investments at a low cost.

Paid non-client promotion. Finder does not invest money with providers on this page. If a brand is a referral partner, we're paid when you click or tap through to, open an account with or provide your contact information to the provider. Partnerships are not a recommendation for you to invest with any one company. Learn more about how we make money.

Finder is not an adviser or brokerage service. Information on this page is for educational purposes only and not a recommendation to invest with any one company, trade specific stocks or fund specific investments. All editorial opinions are our own.

What is the price of gold right now?

The graph below tracks the spot price of gold, which is the current marketplace price per ounce of gold.

Factors that affect gold pricing

There are numerous pricing factors to consider and compare before selecting your gold.

  • Spot price. This industry standard represents the up-to-date rate for one ounce of gold. The spot price of gold fluctuates constantly and is determined by the forward month’s futures contract with the most volume.
  • Markup. Gold markups help retailers cover costs and can range from 2% to 30% on top of the gold’s spot price. The retailer may express this cost as a commission or service fee.
  • Premium. Some gold has additional collector’s value, and some issuers of gold — like the US Mint — command a higher premium than others.
  • Market factors. The price of gold can be affected by a variety of market factors, including economic conditions, geopolitical events and more.

Top gold stocks and ETFs for 2023

Here are some of the top gold stocks and ETFs for 2023. Information is accurate as of July 2023.

Newmont logo

Newmont (NEM)

Colorado-based Newmont is the world’s largest gold mining company based on production and market cap and the only gold producer included in the S&P 500 index. The company operates mines in North America, South America, Australia and Africa and holds reserves of over 96 million gold ounces as of the end of 2022. Most recently, Newmont’s Coffee Gold Project — a proposed open-pit and heap leaching gold development project located in west-central Yukon — was approved by Canadian federal and territorial governments. The proposed mine will be capable of producing roughly 67 million tons of ore over the project’s lifecycle, according to the CBC.

  • Price: $42.24 as of market close July 7, 2023*
  • 52-week range: $37.45 to $59.53*
  • Performance YTD: -14.8%*
  • Dividend yield: 3.79%*
  • Analysts’ opinion: 2 Strong Buys, 9 Buys and 7 Holds*
  • Analysts’ consensus recommendation: Hold*
  • Analysts’ average price target: $78.20*

*Compiled using data from Yahoo Finance

Buy NEM stock now

Franco Nevada logo

Franco-Nevada (FNV)

Franco-Nevada is a leading gold-focused royalty and streaming company. In the third quarter of 2022, precious metal revenue accounted for 76.8% of the company’s revenue, of which 62.3% was from gold.

Headquartered in Canada, Franco-Nevada provides investors with dividends and exposure to gold price and exploration optionality. The company’s portfolio comprises 419 assets covering roughly 66,000 square kilometers, primarily throughout North America, South America, Africa and Australia. While Franco-Nevada doesn’t perform mining operations, it receives revenue through various agreements. These include: net smelter return royalties, streams, net profit interests, net royalty interests and working interests.

  • Price: $138.73 as of market close July 7, 2023*
  • 52-week range: $109.70 to $161.25*
  • Performance YTD: 0.42%*
  • Dividend yield: 0.98%*
  • Analysts’ opinion: 1 Buy and 5 Holds*
  • Analysts’ consensus recommendation: Hold*
  • Analysts’ average price target: $157.58*

*Compiled using data from Yahoo Finance

Buy FNV stock now

Picture not described

SPDR Gold Shares (GLD)

The SPDR Gold Shares ETF is the largest physically backed gold ETF globally, with over $56 billion in assets under management. It aims to track the performance of gold bullion and had over 29.5 million ounces of vaulted gold in its custody as of December 31, 2022. The fund has been operating since 2004.

  • Price: $178.64 as of market close July 7, 2023*
  • 52-week range: $150.57 to $191.36*
  • Performance YTD: 4.43%*
  • Dividend yield: 0%*
  • Net assets: $56.7 billion
  • Expense ratio: 0.40%

*Compiled using data from Yahoo Finance

Buy GLD stock now

Why is gold a “safe haven”?

A safe haven investment is typically stable in times of market volatility. A safe haven is also useful for investors looking to diversify their portfolio, decreasing exposure to riskier assets or investments. Investors view gold as a safe haven for several reasons:

  • Gold is a physical asset.
  • It’s not easily created or destroyed.
  • It doesn’t change — gold is resistant to oxidation and will look the same in hundreds of years.
  • It has cultural and historical value — gold predates modern currency and has always been seen as beautiful and special.
  • Governments have turned to gold in times of financial crisis, which adds to gold’s stability.

Bottom line

If you’re searching for ways to protect your wealth or diversify your investments, gold bullion, stocks and ETFs may be a practical addition to your portfolio. These securities provide a means to add gold exposure to your portfolio, either through physical acquisition or exposure through the stock market. Regardless of how you choose to invest in gold, remember that, like all investments, it carries risk.

How to buy gold FAQs

More on investing

What happens if a brokerage firm fails?

What happens if a brokerage firm fails?

Here’s what happens to your securities if your brokerage fails, and how your assets are protected by SIPC and FDIC.

Read more…
Silicon Valley Bank collapse: Which ETFs and stocks are impacted?

Silicon Valley Bank collapse: Which ETFs and stocks are impacted?

Several ETFs have exposure to Silicon Valley Bank, but it appears minimal.

Read more…
How to buy Treasury Bills

How to buy Treasury Bills

Treasury Bills are fixed-income assets with maturities of less than one year. Here’s what to know before investing.

Read more…

More guides on Finder

Ask an Expert provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Go to site