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Precious Metals Prices & Rates	BOOKMARK & SHARE Tweet      Email this page Print

Precious Metals Prices & Rates

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At GoldMoney we want our customers to always know exactly what they are paying in a transparent and consistent way when they buy precious metals from us. Transparent and competitive pricing is one of several reasons why GoldMoney is the choice of high net worth individuals around the world. Find out more about all of GoldMoney’s benefits.

How other metal dealers quote their prices

Most precious metals dealers quote two prices: a bid and an ask price. The “ask” is the price at which they will sell metal to you, to which they will also add a commission fee. The bid is the price at which they will buy the metal back from you. Ask prices will always be higher than bid prices. The difference between the two is profit for the dealer, and is called the “spread”. Both prices are not fixed and can be amended by the dealer at any time. The spread can therefore vary widely, which may significantly affect your gain when trading in precious metals.

A spread of 0.75% is not untypical for gold. Spreads on silver can be even higher. Your purchase cost equals ask price plus commission. Most will also charge commission on your sales of metal.

How GoldMoney is different

GoldMoney’s fees are fixed and transparent. There is no sell fee* and no spread. When you buy undivided metal, you pay for the metal at its current market (spot) price plus our fixed fee. When you sell, you receive the market price of the metal with no additional fees or commission.

	GoldMoney	Online gold exchange	ETFs
Buy fee	✔	✔	✔
Sell fee	✗ *	✔	✔
Spread	✗	✔	✔
Storage fee	✔	✔	✔ **
Bar registration	✔	✗	✗
Physical delivery	✔	✔	✗

* In exceptional circumstances, GoldMoney may charge a sell fee. The purpose is to provide liquidity to the seller regardless of market conditions. For example, during rare events such as extreme market conditions, we may need to sell to a bullion dealer the metal that we purchase from a customer. If the dealer charges a fee that GoldMoney cannot reasonably absorb, the fee would be passed on to the customer. In keeping with our longstanding policy of full disclosure, if a sell fee is ever imposed, you will be advised of the fee before you transact, thus giving you the choice whether or not to proceed with the sale.

** ETFs may not explicitly separate storage costs from other fees in their prospectuses, but storage costs will be included in general “maintenance” and “administrative” charges. These are typically in the range of 0.25-0.40% of a fund’s net asset value.

Consistent and competitive buy price

As a well-informed precious metals investor you strive to get the most competitive and transparent prices.

When you buy gold, silver, platinum or palladium from GoldMoney, we always quote you a bid price (what we refer to as the “current spot rate” throughout our website) based on the current global market for physical metal meeting the standards of the London and Zurich markets, and we then apply our fixed purchase rate on top of the bid. Large orders are completed at the London PM Gold, London Silver, London PM Platinum or London PM Palladium fixing price plus our fixed purchase rate.

Our purchase rate is clearly disclosed before you buy and is a fixed percentage amount, thereby enabling you to avoid the variable and volatile, and therefore unpredictable, bid/ask spread of other bullion dealers.

Overview of buy and storage rates

A complete list of our current precious metals buy and storage rates can be found below. We provide you with up-to-date spot precious metals prices 24 hours a day, 5 days a week. Our rates update every minute when the global precious metals markets are open. You can find historic prices and charts in our research section.

GoldMoney rates

The buy rates displayed below are dependent on the currency you use to pay for your metal purchase. Please click on the 'Change currency' link below and note the buy rate for your currency of payment.