Precious metals newsletter Mar 7, 2025

The Precious Metals Newsletter

News and analysis

TODAYS BULLION PRICING:

Last updated: Friday, March 7, 2025 - 11:01 AM

Gold spot prices
Market, per troy oz	Currency	Today	Wednesday	Week ago	Previous year	Net change %
Market, per troy oz	Currency	7-Mar-25	5-Mar-25	28-Feb-25	7-Mar-24	pa
Gold Fix - London (p.m)	NZD	5,066	5,090	5,086	3,489	+45.2%
	USD	2,913	2,912	2,849	2,156	+35.1%

Silver Fix - London (noon)	NZD	56.09	55.72	55.44	39.52	+41.9%
	USD	32.26	31.88	31.05	24.42	+32.1%

Platinum Bid - New York	NZD	1,681	1,687	1,685	1,486	+13.2%
	USD	967	965	944	918	+5.3%

Bullion coins - NZ Mint
Bullion	Buying			Selling
	NZD	USD	AUD	NZD	USD	AUD
1oz Gold Kiwi Coin	4,816	2,763	4,363	5,227	2,998	4,735
1oz Gold Kangaroo Coin	4,824	2,767	4,370	5,336	3,061	4,834
1oz Silver Fern Coin	54.00	30.97	48.92	65.60	37.63	59.43
1oz Silver Kangaroo Coin	54.11	31.04	49.02	66.17	37.96	59.95

Gold Bars - NZ Mint
Bullion	Buying			Selling
	NZD	USD	AUD	NZD	USD	AUD
1oz Gold Minted Perth Bar	4,824	2,767	4,370	5,265	3,020	4,770
10oz Gold Minted Perth Bar	48,749	27,962	44,163	52,643	30,196	47,690
1g Gold Minted Perth Bar	155	89	141	212	122	192
5g Gold Minted Perth Bar	775	445	703	908	521	822
10g Gold Minted Perth Bar	1,567	899	1,420	1,762	1,011	1,596
20g Gold Minted Perth Bar	3,102	1,779	2,810	3,508	2,012	3,178
50g Gold Minted Perth Bar	7,755	4,448	7,025	8,463	4,855	7,667
100g Gold Minted Perth Bar	15,510	8,896	14,051	16,927	9,709	15,334

Spot price data is sourced from Kitco in USD and converted into NZD based on the NZD/USD exchange rate at approximately 11.10 am New Zealand time as published by the RBNZ.

Spot prices are per troy ounce (31.1034768 gm) of weight, from the gold and silver prices of the London fixing (pm) and the bid price of platinum on the New York spot market.

Bullion prices in NZD, AUD and USD are sourced from NZ Mint

How to buy gold and silver

The process for buying precious metals involves four steps. You will first need to verbally agree (fix) a price. Usually you are negotiating a NZ dollar price for a specified volume of metal (eg: 1 oz) for a specified product (24ct coin). (Alternatively, you can negotiate a US dollar price.) Expect shipping costs to be extras. You then need to formally confirm your agreement, usually on a formal contract form. This step needs to be done promptly after your negotiation. Once confirmed in writing, you will need to make payment and this will almost always be required the same day as the written confirmation. Your order is then shipped to the address you specify. Note there are no refunds, returns or exchanges permitted. To sell, a similar process is undertaken.