Precious metals newsletter May 13, 2025

The Precious Metals Newsletter

News and analysis

TODAYS BULLION PRICING:

Last updated: Tuesday, May 13, 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	13-May-25	9-May-25	6-May-25	13-May-24	pa
Gold Fix - London (p.m)	NZD	5,682	5,642	5,599	3,894	+45.9%
	USD	3,325	3,337	3,363	2,342	+42.0%

Silver Fix - London (noon)	NZD	55.58	55.35	55.05	47.02	+18.2%
	USD	32.52	32.74	33.07	28.28	+15.0%

Platinum Bid - New York	NZD	1,673	1,689	1,638	1,661	+0.7%
	USD	979	999	984	999	-2.0%

Bullion coins - NZ Mint
Bullion	Buying			Selling
	NZD	USD	AUD	NZD	USD	AUD
1oz Gold Kiwi Coin	5,236	3,068	4,814	5,683	3,329	5,225
1oz Gold Kangaroo Coin	5,245	3,072	4,822	5,793	3,394	5,326
1oz Silver Fern Coin	52.77	30.91	48.51	62.71	36.74	57.66
1oz Silver Kangaroo Coin	52.88	30.98	48.61	62.71	36.74	57.66

Gold Bars - NZ Mint
Bullion	Buying			Selling
	NZD	USD	AUD	NZD	USD	AUD
1oz Gold Minted Perth Bar	5,245	3,072	4,822	5,697	3,337	5,237
10oz Gold Minted Perth Bar	52,447	30,724	48,217	56,967	33,371	52,372
1g Gold Minted Perth Bar	169	99	155	219	128	201
5g Gold Minted Perth Bar	843	494	775	962	564	885
10g Gold Minted Perth Bar	1,704	998	1,567	1,880	1,101	1,729
20g Gold Minted Perth Bar	3,372	1,976	3,100	3,707	2,172	3,408
50g Gold Minted Perth Bar	8,431	4,939	7,751	9,158	5,365	8,419
100g Gold Minted Perth Bar	16,862	9,878	15,502	18,315	10,729	16,838

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.