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Precious metals newsletter Mar 18, 2025

The Precious Metals Newsletter

News and analysis

TODAYS BULLION PRICING:

Last updated: Tuesday, March 18, 2025 - 11:01 AM

 

Gold spot prices
Market, per troy oz Currency Today Friday Week ago Previous year Net change %
18-Mar-25 14-Mar-25 11-Mar-25 18-Mar-24 pa
Gold Fix - London (p.m) NZD 5,120 5,198 5,064 3,549 +44.3%
USD 2,978 2,987 2,891 2,159 +37.9%
 
Silver Fix - London (noon) NZD 58.28 58.77 56.27 41.30 +41.1%
USD 33.90 33.77 32.13 25.12 +35.0%
 
Platinum Bid - New York NZD 1,719 1,730 1,711 1,539 +11.7%
USD 1,000 994 977 936 +6.8%
 

 

Bullion coins - NZ Mint
Bullion Buying Selling
  NZD USD AUD NZD USD AUD
1oz Gold Kiwi Coin 4,895 2,849 4,461 5,312 3,091 4,841
1oz Gold Kangaroo Coin 4,902 2,853 4,468 5,415 3,151 4,935
1oz Silver Fern Coin 55.21 32.13 50.32 65.62 38.19 59.81
1oz Silver Kangaroo Coin 55.33 32.20 50.43 65.62 38.19 59.81

 

Gold Bars - NZ Mint
Bullion Buying Selling
  NZD USD AUD NZD USD AUD
1oz Gold Minted Perth Bar 4,902 2,853 4,468 5,324 3,099 4,853
10oz Gold Minted Perth Bar 49,023 28,531 44,684 53,245 30,988 48,532
1g Gold Minted Perth Bar 158 92 144 205 119 187
5g Gold Minted Perth Bar 788 459 718 899 523 820
10g Gold Minted Perth Bar 1,593 927 1,452 1,757 1,023 1,602
20g Gold Minted Perth Bar 3,152 1,835 2,873 3,465 2,017 3,158
50g Gold Minted Perth Bar 7,881 4,586 7,183 8,559 4,981 7,802
100g Gold Minted Perth Bar 15,761 9,173 14,366 17,119 9,963 15,603

 

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.