Precious metals newsletter Mar 24, 2025

The Precious Metals Newsletter

News and analysis

TODAYS BULLION PRICING:

Last updated: Monday, March 24, 2025 - 11:01 AM

Gold spot prices
Market, per troy oz	Currency	Today	Friday	Week ago	Previous year	Net change %
Market, per troy oz	Currency	24-Mar-25	21-Mar-25	17-Mar-25	22-Mar-24	pa
Gold Fix - London (p.m)	NZD	5,256	5,240	5,143	3,624	+45.0%
	USD	3,014	3,006	2,991	2,173	+38.7%

Silver Fix - London (noon)	NZD	57.87	57.44	58.33	41.38	+39.8%
	USD	33.18	32.95	33.93	24.81	+33.7%

Platinum Bid - New York	NZD	1,706	1,705	1,719	1,489	+14.5%
	USD	978	978	1,000	893	+9.5%

Bullion coins - NZ Mint
Bullion	Buying			Selling
	NZD	USD	AUD	NZD	USD	AUD
1oz Gold Kiwi Coin	5,000	2,870	4,569	5,426	3,114	4,958
1oz Gold Kangaroo Coin	5,008	2,874	4,576	5,531	3,175	5,055
1oz Silver Fern Coin	54.62	31.35	49.92	64.92	37.26	59.33
1oz Silver Kangaroo Coin	54.74	31.42	50.02	64.92	37.26	59.33

Gold Bars - NZ Mint
Bullion	Buying			Selling
	NZD	USD	AUD	NZD	USD	AUD
1oz Gold Minted Perth Bar	5,008	2,874	4,576	5,439	3,122	4,970
10oz Gold Minted Perth Bar	50,075	28,741	45,762	54,388	31,217	49,704
1g Gold Minted Perth Bar	161	92	147	209	120	191
5g Gold Minted Perth Bar	805	462	736	919	527	840
10g Gold Minted Perth Bar	1,627	934	1,487	1,795	1,030	1,641
20g Gold Minted Perth Bar	3,220	1,848	2,943	3,540	2,032	3,235
50g Gold Minted Perth Bar	8,050	4,620	7,356	8,743	5,018	7,990
100g Gold Minted Perth Bar	16,100	9,241	14,713	17,486	10,036	15,980

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.