Gold Spot Price (gold/NZD)
NZ$8,736.42
per troy ounce
Gold & Silver
1 oz
NZ$8,736.42
1 gr
NZ$280.88
1 kg
NZ$280,882.21
Prev Close
NZ$8,711.96
Open
NZ$8,736.42
Day High
NZ$8,769.10
Day Low
NZ$8,579.78
1 oz
NZ$142.18
1 gr
NZ$4.57
1 kg
NZ$4,571.31
Prev Close
NZ$141.57
Open
NZ$142.18
Day High
NZ$144.00
Day Low
NZ$138.44
Current Situation
As of March 6, 2026, gold prices are volatile, plunging on supply fears from potential Polish central bank sales and a US-Venezuela gold deal, but firming above $5,100 amid US dollar weakness and safe-haven demand (FXStreet, RoboForex).
Key Drivers
- Polish gold sales: Central bank governor considers selling reserves for defense, adding supply pressure (ZeroHedge reports).
- US-Venezuela deal: Up to 1,000 kg of Venezuelan gold entering US markets via Trump team brokered agreement (ZeroHedge).
- Geopolitical tensions: Markets assume a short war; prolonged conflict could lift gold as a safe haven (Peter Schiff on X).
- Dollar weakness: Renewed USD drop supports gold recovery despite profit-taking (FXStreet).
Short-Term Outlook (1-7 days)
Choppy trading likely with downside risks from supply news; watch $5,100 support and $5,186 resistance for direction amid medium confidence.
Long-Term Outlook (1-3 months)
Broader uptrend intact on safe-haven appeal if war drags on (Peter Schiff); analysts see strength above $5,100 but note supply uncertainties.
What to Watch
- Details on Polish sales scale/timing.
- Venezuela gold influx impact.
- Geopolitical war updates.
- US economic data releases.
Current price: NZ$8,736.42/ troy oz
| Period | Start Price | Change | Change (%) | Trend |
|---|---|---|---|---|
| Today | NZ$8,736.42 | +NZ$24.46 | +0.28% | |
| 1 Week | NZ$8,925.91 | -NZ$189.49 | -2.12% | |
| 1 Month | NZ$8,438.88 | +NZ$297.54 | +3.53% | |
| 3 Months | NZ$7,190.28 | +NZ$1,546.14 | +21.50% | |
| 6 Months | NZ$6,111.99 | +NZ$2,624.43 | +42.94% | |
| 1 Year | NZ$4,959.48 | +NZ$3,776.94 | +76.16% | |
| Since 2026 | NZ$7,391.18 | +NZ$1,345.24 | +18.20% | |
| Since 2025 | NZ$4,522.95 | +NZ$4,213.47 | +93.16% | |
| Since 2024 | NZ$3,513.63 | +NZ$5,222.79 | +148.64% | |
| Since 2023 | NZ$3,128.44 | +NZ$5,607.98 | +179.26% | |
| Since 2022 | NZ$3,050.49 | +NZ$5,685.93 | +186.39% |
Market Summary
| Metal | Price | Prev Close | High | Low | Change |
|---|---|---|---|---|---|
Gold (XAU) | NZ$8,736.42 | NZ$8,711.96 | NZ$8,769.10 | NZ$8,579.78 | Today +24.46 (+0.28%) |
Silver (XAG) | NZ$142.18 | NZ$141.57 | NZ$144.00 | NZ$138.44 | Today +0.61 (+0.43%) |