Goldify Pro Editorial Team
VerifiedGold market analysts & weight-conversion specialists
Last reviewed: May 21, 2026
Gold Market Blog
Expert guides on gold pricing, karat purity, weight conversions and jewellery tips — in 11 languages for 104 countries.
2
Articles
11
Languages
104
Countries
Gold Market6 minWho Actually Sets the Global Gold Price Every Day? The LBMA Auction, COMEX, and the Bullion Banks Behind It
Every day at 10:30 GMT and 15:00 GMT, the LBMA conducts an electronic auction that sets the benchmark gold price used by billions of dollars of contracts. The mechanism, the participants, and how COMEX and Shanghai interact with the daily fix.
Gold Market6 minGold Futures vs Spot Price: How Price Discovery Actually Works
Most retail investors see one gold price on their screens. There are actually three: spot, near-month futures and far-dated futures. The difference between them, called contango, backwardation, and basis, is where institutional traders make most of their money. How gold price discovery really works.
About this blog · reader FAQ
About blogs in general
What is a blog?
A blog is a regularly-updated online journal where writers publish articles in reverse chronological order — newest first. Unlike a static reference site, a blog is meant to be revisited: each new post adds to a running conversation about a topic. Blogs typically blend reporting, opinion, explainers and how-to guidance, and the best ones are written by people with deep first-hand expertise in their subject.
Why do people read blogs?
Blogs go deeper than news headlines and stay more current than reference books. Readers turn to blogs when they want context — not just what happened, but why it matters, how it fits the bigger picture, and what to actually do about it. Good blogs cut through the noise: they tell you which numbers matter, which don’t, and what a trend means for your specific situation.
How is a blog different from news?
News reports what happened. Blogs report what happened plus what it means. News tends to be neutral and event-driven; blogs are perspective-driven and pattern-focused. A news article tells you gold hit a new high; a blog post explains the seasonal, monetary and geopolitical forces that drove it there — and whether that high is likely to hold.
How often should you read blogs?
For fast-moving topics like gold pricing, weekly reading is usually enough to stay informed without getting overwhelmed by daily volatility. Save the deeper dives — market analyses, multi-year history, buying guides — for when you’re actually making a decision.
About Goldify Pro
Why follow Goldify Pro?
Gold prices move every minute, but the reasons behind those moves take longer to explain than a single tickertape line. Goldify Pro tells you why the price jumped this week (was it a Fed rate decision, real yields, dollar weakness, central-bank buying, or BRICS de-dollarisation?) and whether the move is likely to reverse or extend. That context is what separates an informed buyer from a panicked one.
What topics does the blog cover?
Six core themes: live gold rates in 100+ currencies with karat (24K, 22K, 21K, 18K) and weight (tola, masha, ratti, gram, troy ounce) conversions; central-bank policy(Fort Knox, Germany’s repatriation, China and India accumulation, BIS swaps); market structure (LBMA, COMEX, ETFs vs allocated, vaulting, refining); technical analysis (charts, RSI, MACD, Fibonacci, support and resistance); macro and crisis (currency devaluation, sovereign debt, hyperinflation history); and industrial and emerging tech (gold in satellites, semiconductors, medical devices, nanotechnology, quantum computing).
Who writes Goldify Pro’s articles?
Every post is written and edited by Salman Saleem, founder of Goldify Pro. Salman is a software engineer and family jeweller with over a century of family heritage in the gold trade. He operates his own gold shop, handles daily buy and sell transactions, and has been analysing XAU/USD spot trends since 2014. Combining shop-floor experience with monetary-history research is what makes Goldify Pro different from generic finance blogs.
How are live rates and figures sourced?
Goldify Pro pulls live spot prices from the international XAU/USD market every 60 seconds and applies real-time FX conversion to display rates on the home page and live-gold-rates page. Historical figures, central-bank holdings, and demand statistics are cited from primary sources (LBMA, World Gold Council, IMF, BIS, USGS). Our editorial policy explains exactly how each piece is produced and corrected.