For the record, a troy ounce (ozt.) is 31.10348 grams. Spot pricing is usually based off a set contract amount. Usually 1000 ozt. bars for Silver and 1kg bars (≈32.15 ozt.) for Gold. Transactions in smaller amounts will vary in price accordingly. Also note that there are two quotes, buy/sell or call/ask. The difference is the ’spread’ and where dealers usually make their money. (with maybe a tad more padding here or there)
I often forget to auto-update so I just enter them manually from the Kitco website as of the 1st of the month. I use NY Spot since I’m in the U.S. but you may prefer London Fix. (which is not really the market price however.) Regards, Adrien > On Apr 8, 2020 w15d99, at 11:18 AM, Eric Coates via gnucash-user > <gnucash-user@gnucash.org> wrote: > > > Hi > > A little earlier today, following Frank's contribution, I did an experiment. > > I have an account denominated in XAU (but my book currency is GBP) and I did > a "get quotes" within GnuCash. The gold price that came back was about 1050 > (I assumed this would be GBPs per Troy ounce) but looking at two different UK > sites the "retail price" of gold was about £1330 per Troy ounce. > > It was the difference between these numbers that prompted my question and > John's information doesn't help me resolve the difference.(I rather suspect > that the problem arises because of the convolutions of the currency > conversions. But what do I know?) > > For completeness: I'm running GnuCash 3.7 with Finance:Quote 1.49 using Yahoo > as JSON as the source of quotes for my shares (I can't see how/where currency > prices are obtained) on Ubuntu 19.10. > > Eric > > PS:As I only revalue my portfolio on a monthly basis it's no big deal to > enter a gold price manually so, as I say, it's just out of interest. Thanks > for indulging me. > > ================================== _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
