How we show commodity prices

Every price has a source, a type, a unit and a time. Each is described below.

Precious metals and copper

Gold (XAU), silver (XAG), platinum (XPT), palladium (XPD) and copper (HG) come from gold-api.com, which combines several data providers. It is an international spot reference, not the official LBMA benchmark. We check every minute while metals trade and every 15 minutes when the market is closed. 'Last moved' is when the price last changed, not just when we checked.

Oil and natural gas

Brent, WTI and Henry Hub are US Energy Information Administration (EIA) daily spot prices, taken from public FRED files (Federal Reserve Bank of St. Louis). The EIA publishes them a few days late, so the date is always shown. They are not the ICE or NYMEX futures prices quoted in the news.

Monthly prices

Aluminium, nickel, zinc, lead, tin, iron ore, uranium and farm commodities (wheat, rice, sugar, coffee and others), and copper's long history, are IMF Primary Commodity Prices monthly averages. Each refers to a grade and delivery term stated on its page.

Converting to lari

Lari price = dollar price x the National Bank's official USD/GEL rate. Historical values use the rate in effect that day.

Units

1 troy ounce = 31.1034768 g (the ordinary 28.35 g ounce is not used for precious metals). 1 lb = 0.45359237 kg. 1 barrel = 42 US gallons = 158.987 litres. 1 MMBtu = 293.07 kWh. Litre and kWh figures are unit conversions, not retail prices.

Fineness

Fineness is the metal share in parts per thousand. Metal value of an item = weight x fineness / 1000 x price of 1 g of pure metal. It is a theoretical number: a shop, bank or pawnshop sets its own price.

What we don't show

We don't collect prices of Georgian shops, pawnshops or scrap buyers, so we don't name a 'best offer'. We don't forecast prices. Nothing here is investment advice.

Source

Commodity	What this price is	Source
Gold	International spot gold reference price (XAU), US dollars per troy ounce	gold-api.com
Silver	International spot silver reference price (XAG), US dollars per troy ounce	gold-api.com
Platinum	International spot platinum reference price (XPT), US dollars per troy ounce	gold-api.com
Palladium	International spot palladium reference price (XPD), US dollars per troy ounce	gold-api.com
Brent crude	Europe Brent Spot Price FOB, U.S. Energy Information Administration (EIA), dollars per barrel	FRED: DCOILBRENTEU U.S. EIA: Spot Prices
WTI crude	Cushing, OK WTI Spot Price FOB, U.S. Energy Information Administration (EIA), dollars per barrel	FRED: DCOILWTICO U.S. EIA: Spot Prices
Natural gas (Henry Hub)	Henry Hub Natural Gas Spot Price, U.S. Energy Information Administration (EIA), dollars per million BTU	FRED: DHHNGSP U.S. EIA: Natural Gas Spot Prices
Gasoline (wholesale)	Conventional regular gasoline, New York Harbor, EIA daily spot price, dollars per gallon	FRED: DGASNYH U.S. EIA: Spot Prices
Diesel (wholesale)	Ultra-low-sulfur No.2 diesel, New York Harbor, EIA daily spot price, dollars per gallon	FRED: DDFUELNYH U.S. EIA: Spot Prices
Uranium	Uranium, IMF monthly average, dollars per pound	FRED: PURANUSDM IMF: Primary Commodity Prices
Copper	Copper reference price (HG), US dollars per pound; history: IMF monthly average of LME cathode, dollars per tonne	gold-api.com FRED: PCOPPUSDM
Aluminium	Aluminium, 99.5% purity, LME monthly average, IMF, dollars per tonne	FRED: PALUMUSDM IMF: Primary Commodity Prices
Nickel	Nickel, LME monthly average, IMF, dollars per tonne	FRED: PNICKUSDM IMF: Primary Commodity Prices
Zinc	Zinc, high grade, LME monthly average, IMF, dollars per tonne	FRED: PZINCUSDM IMF: Primary Commodity Prices
Iron ore	Iron ore fines, 62% Fe, China import spot price, IMF monthly average, dollars per dry metric tonne	FRED: PIORECRUSDM IMF: Primary Commodity Prices
Lead	Lead, IMF monthly average, dollars per metric tonne	FRED: PLEADUSDM IMF: Primary Commodity Prices
Tin	Tin, IMF monthly average, dollars per metric tonne	FRED: PTINUSDM IMF: Primary Commodity Prices
Wheat	Wheat, US No.1 Hard Red Winter, IMF monthly average, dollars per metric tonne	FRED: PWHEAMTUSDM IMF: Primary Commodity Prices
Maize (corn)	Maize, US No.2 Yellow, FOB Gulf of Mexico, IMF monthly average, dollars per metric tonne	FRED: PMAIZMTUSDM IMF: Primary Commodity Prices
Coffee (Arabica)	Coffee, Other Mild Arabicas, IMF monthly average, US cents per pound	FRED: PCOFFOTMUSDM IMF: Primary Commodity Prices
Rice	Thai rice, IMF monthly average, dollars per metric tonne	FRED: PRICENPQUSDM IMF: Primary Commodity Prices
Sugar	Sugar No.11, world market, IMF monthly average, US cents per pound	FRED: PSUGAISAUSDM IMF: Primary Commodity Prices
Sunflower oil	Sunflower oil, IMF monthly average, dollars per metric tonne	FRED: PSUNOUSDM IMF: Primary Commodity Prices
Rapeseed oil	Rapeseed oil, IMF monthly average, dollars per metric tonne	FRED: PROILUSDM IMF: Primary Commodity Prices
Soybeans	Soybeans, IMF monthly average, dollars per metric tonne	FRED: PSOYBUSDM IMF: Primary Commodity Prices
Barley	Barley, IMF monthly average, dollars per metric tonne	FRED: PBARLUSDM IMF: Primary Commodity Prices
Cocoa	Cocoa beans, IMF monthly average, dollars per metric tonne	FRED: PCOCOUSDM IMF: Primary Commodity Prices
Tea	Kenyan tea, IMF monthly average, US cents per kilogram	FRED: PTEAUSDM IMF: Primary Commodity Prices
Beef	Beef, IMF monthly average, US cents per pound	FRED: PBEEFUSDM IMF: Primary Commodity Prices
Poultry	Poultry, IMF monthly average, US cents per pound	FRED: PPOULTUSDM IMF: Primary Commodity Prices
Oranges	Oranges, IMF monthly average, dollars per pound	FRED: PORANGUSDM IMF: Primary Commodity Prices
Cotton	Cotton, IMF monthly average, US cents per pound	FRED: PCOTTINDUSDM IMF: Primary Commodity Prices