However, NZ gold merchants must also turn a profit to keep the doors open. Such products are priced at the gold spot price with a markup added on so the maker or mint can make a profit. Most of the gold sold around the world comes from a small group of very large mints. The gold spot price does not consider the account dealer, markups by the manufacturer/mint or distributor markups. Why can’t I buy gold at the spot price or below? The tighter this spread is, the more liquidity buyers and sellers enjoy. The primary difference between these prices is referred to the bid-ask spread. Those looking to sell gold in New Zealand are provided with the Bid price (less any dealer’s margins which will depend on the product, quality and quantity). New Zealand gold merchants typically use the current Ask price when setting selling rates. Ask prices are the minimum offer required to sell at the current time. The bid price is the maximum offer to purchase gold at the current moment in time. If this contract has minimal volume or no volume, the subsequent delivery month with the greatest volume will be relied upon. This price is calculated with data stemming from the front month futures contract. COMEX, a component of the Chicago CME Group, is the primary exchange for determining the gold spot price. This precious metal is traded on an array of exchanges including the London, New York, Chicago, Hong Kong and Zurich exchanges. Gold is a commodity traded across the globe. Think of the spot price as the price at which gold can be exchanged at the current moment as opposed to yesterday, tomorrow or even a few seconds from now. However, it is also possible to obtain a gold price quote per kilo or gram. When you see the price of gold quoted on live gold charts and spot price websites, it is most commonly quoted per troy ounce in American dollars (USD). Such prices can be dynamic, changing every few seconds when the markets are open. Gold spot price serves as the basis for bullion dealers and gold traders to pinpoint the buying and selling price for a specific gold bar or gold coin. The gold spot price is dictated by market speculators, world events, currency values and an array of additional factors. When you return to the cookie will be retrieved from your machine and the values placed into the calculator.The gold spot price is the current price at any given moment used to determine the rate for a single troy ounce of gold. Pressing the button will place a cookie on your machine containing the information you entered into the Holdings Calculator. If your browser is configured to accept Cookies you will see a button at the bottom of the Holdings Calculator. The spot price of Gold per Troy Ounce and the date and time of the price is shown below the calculator. Totals for Gold and Silver holdings including the ratio percent of gold versus silver will be calculated.
The Current and Future Gain/Loss will be calculated.
Optionally enter number amounts for Purchase Price and/or Future Value per unit of weight chosen. The Current Value for the amount entered is shown. The current price per unit of weight and currency will be displayed on the right. If you wish to select a currency other than USD for the Silver holdings calculator. NOTE: You must select a currency for gold first, even if you don't enter a value for gold holdings. Select Ounce, Gram or Kilogram for the weight. The Holdings Calculator permits you to calculate the current value of your gold and silver.Įnter a number Amount in the left text field.
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