Precious metals newsletter Mar 13, 2025

The Precious Metals Newsletter

News and analysis

TODAYS BULLION PRICING:

Last updated: Thursday, March 13, 2025 - 11:01 AM

Gold spot prices
Market, per troy oz	Currency	Today	Tuesday	Week ago	Previous year	Net change %
Market, per troy oz	Currency	13-Mar-25	11-Mar-25	6-Mar-25	13-Mar-24	pa
Gold Fix - London (p.m)	NZD	5,091	5,064	5,100	3,520	+44.6%
	USD	2,917	2,891	2,925	2,171	+34.4%

Silver Fix - London (noon)	NZD	56.81	56.27	56.94	39.90	+42.4%
	USD	32.55	32.13	32.66	24.61	+32.3%

Platinum Bid - New York	NZD	1,717	1,711	1,686	1,524	+12.7%
	USD	984	977	967	940	+4.7%

Bullion coins - NZ Mint
Bullion	Buying			Selling
	NZD	USD	AUD	NZD	USD	AUD
1oz Gold Kiwi Coin	4,859	2,784	4,405	5,273	3,021	4,780
1oz Gold Kangaroo Coin	4,866	2,789	4,412	5,375	3,080	4,873
1oz Silver Fern Coin	55.01	31.53	49.88	65.38	37.47	59.28
1oz Silver Kangaroo Coin	55.13	31.59	49.98	65.38	37.47	59.28

Gold Bars - NZ Mint
Bullion	Buying			Selling
	NZD	USD	AUD	NZD	USD	AUD
1oz Gold Minted Perth Bar	4,866	2,789	4,412	5,285	3,029	4,792
10oz Gold Minted Perth Bar	48,663	27,885	44,120	52,853	30,286	47,918
1g Gold Minted Perth Bar	156	90	142	203	116	184
5g Gold Minted Perth Bar	782	448	709	893	512	809
10g Gold Minted Perth Bar	1,581	906	1,433	1,745	1,000	1,582
20g Gold Minted Perth Bar	3,129	1,793	2,837	3,440	1,971	3,119
50g Gold Minted Perth Bar	7,823	4,483	7,092	8,496	4,869	7,703
100g Gold Minted Perth Bar	15,646	8,965	14,185	16,993	9,737	15,406

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.