XAU spot · per troy ounce
USD 4,018.80 per troy ounce ▲ +23.20 (+0.58%)
Gram USD 129.21Kilogram USD 129,207.42Tola USD 1,507.0522K per gram USD 118.44
COMEX gold futures (GC=F) · Last 30 daily closes · Latest close USD 4,031.10
Gold–Silver Ratio Today
How many ounces of silver one ounce of gold buys, from spot quotes fetched together in a single request so both sides share the same quote basis.
| Gold spot (XAU) | USD 4,018.80 / oz · quote 2026-10-26T09:39:13Z |
| Silver spot (XAG) | USD 54.16 / oz · quote 2026-10-26T09:39:13Z |
| Gold–silver ratio (XAU ÷ XAG) | 74.20 |
| Silver–gold ratio (XAG ÷ XAU) | 0.0135 |
Source: Live market quote, both quotes fetched in this single request. Formula: ratio = gold price per ounce ÷ silver price per ounce; reverse = silver ÷ gold. Both prices are in USD per troy ounce, so currency cancels out and the ratio is unit-free.
What the ratio means — and what it does not
A ratio of 74.20 means one ounce of gold has the same spot value as 74.20 ounces of silver right now. When the ratio rises, silver has become cheaper relative to gold; when it falls, silver has become dearer relative to gold. That is a statement about relative prices, not a prediction: a high ratio does not by itself mean silver is “due” to rise, because the ratio can stay high for years, and because silver and gold have different industrial and monetary drivers.
Limits. (1) Spot ratio and futures ratio differ slightly — the chart below uses futures closes, so it will not match the spot ratio exactly on any given day. (2) The ratio ignores premiums, spreads and storage costs of actually swapping metal. (3) History is not a trading signal; this page is market information only, not investment advice.
Historical ratio chart (futures-derived)
The chart divides the COMEX gold futures close (GC=F) by the COMEX silver futures close (SI=F) on the same date only — dates present in only one series are dropped, so every plotted point is a genuine same-day pair. For 5Y and MAX ranges, weekly closes are used to keep the series readable. This is a futures-derived ratio, not the live spot ratio above.
GC=F / SI=F futures closes, in USD. This is futures data, not spot.
| Date | Close (USD) | Change vs prior point |
|---|---|---|
| Loading history… | ||
Methodology: same-quote basis
1. One request retrieves the XAU quote and the XAG quote together; the ratio endpoint never combines a gold quote from one request with a silver quote from another. 2. Both quote timestamps are shown above, so a reader can see whether the two quotes are contemporaneous. 3. If either quote is missing, the ratio is shown as unavailable — never estimated. 4. If either quote is stale (last stored quote because the feed was unreachable), the ratio is flagged stale. 5. The historical series is built separately from date-aligned futures closes and is labelled as such wherever it appears.
Endpoints: /wp-json/gu/v1/ratio (spot ratio + futures-derived history) and /wp-json/gu/v1/metals. Full methodology: Data Sources & Methodology.
Frequently asked questions
What does a rising gold–silver ratio mean?
Gold has strengthened relative to silver — one gold ounce now buys more silver ounces than before. It does not by itself predict that silver will rise.
Why does the chart ratio differ slightly from the spot ratio?
The chart divides futures closes (GC=F by SI=F) on the same date, while the headline ratio divides live spot quotes. Futures and spot are related but distinct benchmarks, so small differences are expected.
How is the ratio calculated?
Ratio = gold spot per ounce ÷ silver spot per ounce, with both quotes fetched together in one request. The reverse ratio is silver ÷ gold.
Related pages
All precious metalsSilver pricePlatinum pricePalladium priceGold–silver ratioGold pricesGold chartsGold calculator