USD $4,021.20 −0.97% US Dollar, 4,021.20 per Troy Ounce, Down 0.97 percent today
EUR €3,585.02 −0.97% Euro, 3,585.02 per Troy Ounce, Down 0.97 percent today
GBP £3,002.47 −0.97% British Pound, 3,002.47 per Troy Ounce, Down 0.97 percent today
AED د.إ14,767.86 −0.97% UAE Dirham, 14,767.86 per Troy Ounce, Down 0.97 percent today
SAR ﷼15,079.50 −0.97% Saudi Riyal, 15,079.50 per Troy Ounce, Down 0.97 percent today
INR ₹381,617 −0.97% Indian Rupee, 381,617 per Troy Ounce, Down 0.97 percent today
PKR ₨1,113,817 −0.97% Pakistani Rupee, 1,113,817 per Troy Ounce, Down 0.97 percent today
JPY ¥631,009 −0.97% Japanese Yen, 631,009 per Troy Ounce, Down 0.97 percent today
CNY ¥26,894.69 −0.97% Chinese Yuan, 26,894.69 per Troy Ounce, Down 0.97 percent today
AUD A$5,731.44 −0.97% Australian Dollar, 5,731.44 per Troy Ounce, Down 0.97 percent today
CAD C$5,635.11 −0.97% Canadian Dollar, 5,635.11 per Troy Ounce, Down 0.97 percent today
CHF CHF3,302.41 −0.97% Swiss Franc, 3,302.41 per Troy Ounce, Down 0.97 percent today
TRY ₺199,774 −0.97% Turkish Lira, 199,774 per Troy Ounce, Down 0.97 percent today

USD $4,021.20 −0.97% US Dollar, 4,021.20 per Troy Ounce, Down 0.97 percent today
EUR €3,585.02 −0.97% Euro, 3,585.02 per Troy Ounce, Down 0.97 percent today
GBP £3,002.47 −0.97% British Pound, 3,002.47 per Troy Ounce, Down 0.97 percent today
AED د.إ14,767.86 −0.97% UAE Dirham, 14,767.86 per Troy Ounce, Down 0.97 percent today
SAR ﷼15,079.50 −0.97% Saudi Riyal, 15,079.50 per Troy Ounce, Down 0.97 percent today
INR ₹381,617 −0.97% Indian Rupee, 381,617 per Troy Ounce, Down 0.97 percent today
PKR ₨1,113,817 −0.97% Pakistani Rupee, 1,113,817 per Troy Ounce, Down 0.97 percent today
JPY ¥631,009 −0.97% Japanese Yen, 631,009 per Troy Ounce, Down 0.97 percent today
CNY ¥26,894.69 −0.97% Chinese Yuan, 26,894.69 per Troy Ounce, Down 0.97 percent today
AUD A$5,731.44 −0.97% Australian Dollar, 5,731.44 per Troy Ounce, Down 0.97 percent today
CAD C$5,635.11 −0.97% Canadian Dollar, 5,635.11 per Troy Ounce, Down 0.97 percent today
CHF CHF3,302.41 −0.97% Swiss Franc, 3,302.41 per Troy Ounce, Down 0.97 percent today
TRY ₺199,774 −0.97% Turkish Lira, 199,774 per Troy Ounce, Down 0.97 percent today

Tagged: backwardation

Explainers 24 Aug 2026 4 min read

What Gold Forward and Lease Rates Reveal About the Market

Gold forward and lease rates are derived from spot and futures prices, revealing the balance between physical supply and financial demand in the gold market.