Precious metals do not have a single uniform price figure. When viewing live precious metals quotes as a Lucky Gold user, you will find that London Gold and London Silver differ not only in price, but also notably in quantity per lot, quote precision and price movement characteristics.

1. Why There Is a Large Price Gap Between Gold and Silver

Gold and silver are quoted based on their respective market prices per ounce. Therefore, within the precious metals quote list on the same day, one instrument may show a price in thousands of US dollars while the other is priced at tens of US dollars.

Simply comparing the raw numerical prices is of limited value. It is more important to check their respective percentage price changes and contract specifications.

2. Contract Size Per Lot for Gold and Silver on Lucky Gold

One standard lot of London Gold on Lucky Gold equals 100 ounces. One standard lot of London Silver equals 5000 ounces.

Thus: The quantity of 1 lot of London Silver is 50 times that of 1 lot of London Gold.

This explains why you cannot assume equal monetary profit or loss merely because both instruments rise by 1 US dollar.

3. Different Quote Precision for the Two Precious Metals

The minimum price fluctuation for London Gold on Lucky Gold is USD 0.01. The minimum price fluctuation for London Silver is USD 0.001.

As a result, London Gold quotes are typically displayed to two decimal places. London Silver uses a finer price unit. Seeing different decimal places in the trading terminal is normal and determined by product settings.

4. Monetary Value of One Minimum Price Tick

London Gold: USD 0.01 × 100 ounces = USD 1 A single minimum price tick for 1 lot of London Gold corresponds to approximately USD 1.

London Silver: USD 0.001 × 5000 ounces = USD 5 A single minimum price tick for 1 lot of London Silver corresponds to approximately USD 5.

Even for one minimum price movement, the resulting monetary values differ between the two instruments.

5. Trading Costs Should Also Be Checked Separately

The base spread for London Gold on Lucky Gold is USD 15 per lot, and the base spread for London Silver is USD 60 per lot. The commission for both instruments is USD 0.

When trading 0.01 lot, converted proportionally based on base parameters: London Gold: approximately USD 0.15 London Silver: approximately USD 0.60

When reviewing precious metals prices, confirm which specific instrument you are viewing.

6. Do Gold and Silver Always Rise and Fall Together?

No. The two precious metals sometimes move in similar directions, while their percentage changes may diverge significantly at other times.

It is recommended to review separately:

· Latest price

· Daily percentage change

· Intraday high and low

· Contract specifications

Do not assume silver will move by the exact same magnitude just because gold rises on the day.

The Key to Reading Precious Metals Prices: Distinguish the Instruments First

For London Gold, use the specification of 100 ounces per lot with a minimum tick of USD 0.01. For London Silver, use the specification of 5000 ounces per lot with a minimum tick of USD 0.001.

Clarify contract specifications before comparing live prices. This approach is clearer than only looking at up or down arrows.