Precious metals trading

Speculate on where gold, silver and platinum will be in the short or long term, with our wide choice of futures and spot markets.

Why trade precious metals with IG?

  • Spot and futures

    Speculate on futures markets, or take a short-term view with expiry-free products.

  • Metals on margin

    Gain full exposure to precious metals, such as gold, with only a small deposit.

  • Risk management tools

    Make sure you have complete control over every trade with stops, alerts and more.

Trading precious metals with IG

With IG, you can trade CFDs on gold, silver and platinum.

You’ll find quotes for all our precious metals on our trading platform. When you take a position, you’re speculating on the metal’s rise or fall in value, rather than taking actual ownership. If your prediction is correct, you’ll make a profit. If not, you’ll make a loss.

As CFDs are leveraged products, you’ll only ever need to put down a small deposit to gain exposure to the full value of your trade. Keep in mind that while this helps your capital to go further, it also means you stand to lose more than your initial outlay.

Live prices

Markets Bid Offer Updated Change
Spot Gold
liveprices.javascriptrequired
-
-
-
Spot Silver (5000oz)
-
-
-
-
High Grade Copper
-
-
-
-
Iron Ore
-
-
-
-

Prices above are subject to our website terms and conditions. Prices are indicative only.

Factors affecting precious metal prices

Supply and demand

Like any product or service, a shortage of precious metals, or an increased need for them, makes them more valuable. For example, if a strike at a major silver mine interrupts production, silver prices may see an uplift over the short term.

An improvement in mining equipment, meanwhile, could have the opposite effect, speeding up production and saturating the market.

Economic uncertainty

In times of economic and political instability, precious metals are traditionally viewed as safe havens due to their lasting value.

We saw this theory in action when Donald Trump’s election caused gold to rally, as nervous investors flocked towards its market security. 

Strength of the dollar

Given that the precious metals are dollar-denominated, they are particularly susceptible to the value of the greenback.

When the dollar falls, precious metals are both a good place to store its value and less costly for other countries to purchase – meaning it is likely to push the price of precious metals higher.

Industrial output

Precious metals have a huge range of industrial uses, including in the manufacture of automotive parts, medical devices, precision electronics and jewellery.

What’s more, new applications are continuously being developed. As demand for these goods grows, so does the demand for precious metals.

Precious metals: trading vs investing

Trading

      

  • Gain exposure to the full value of your position with only a small deposit, via leverage

  • Speculate on short and medium-term price moves

  • Take a position on a fall in value as well as a rise

  • CFDs are traded over the counter

Investing

      

  • Put up the full value of the investment

  • Speculate on short, medium and long-term price moves

  • Profit only when your investment rises in value

  • ETFs, stocks, futures and options are traded on exchanges; bullion requires a specialist

Ways to invest in precious metals

In addition to trading CFDs on precious metals, there are a number of other ways to invest in them:

  • Bullion: own them outright in the form of coins and bars
  • Stocks: gain indirect exposure by speculating on the companies involved in their production
  • ETFs: speculate on a diverse collection of assets in a single investment

Open an account now

It's free to open an account, takes less than five minutes, and there's no obligation to fund or trade.

FAQs

Why are precious metals valuable?

Of the precious metals we offer, some are more valuable than each other – gold over silver, for example. But they all share a few common traits:

  • They aren’t abundant in supply
  • They aren’t reactive, so won’t rust over time
  • They are homogeneous, meaning one ounce is directly equitable to another

In short, precious metals have always been, geologically speaking, the perfect method of currency. Almost as importantly, they have a long history as a method of wealth exchange and storage. This means precious metals carry with them an intrinsic reputation. Like any currency, their value, then, comes from a consensus belief in that very value. 

Why trade CFDs on precious metals?

By trading CFDs on precious metals, you’ll be able to:

  • Trade on leverage, giving you significant exposure with only a small deposit
  • Take a position on short-term price moves
  • Go both short and long

Which precious metal should I trade?

At IG, we offer gold, silver and platinum, and which of these you choose to trade is up to you.

If you’re new to the world of precious metals, you may choose to start with gold, as it is likely the one you will be most familiar with. As long as you do your research and put in place measures to control your risk, however, you should feel confident in taking short and long-term positions on any of our metals.  

Which other markets affect precious metals?

Uncertainty in any financial market may push investors towards the security of precious metals. But as precious metals are denominated in the US dollar, the strength of the currency is a key to how they perform. This is generally an inverse relationship, in which a more valuable dollar has a negative impact on the value of the metals, and vice versa. 

You might be interested in...

IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.

This information/research prepared by IGA or IGA Group is intended for general circulation. It does not take into account the specific investment objectives, financial situation or particular needs of any particular person. You should take into account your specific investment objectives, financial situation or particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. In addition to the disclaimer above, the information does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any views and opinions expressed may be changed without an update.

See important Research Disclaimer.

Contact us

Our office is open 5 days a week Monday to Friday from 9am to 6pm. Support line is available 24hrs a day from 8am GMT Saturday to 10pm GMT Friday

+65 6390 5118

You can also email us helpdesk@ig.com.sg

Visit our storefront office at 9 Battery Road