Precious metals newsletter May 1, 2019

News and analysis



TODAYS BULLION PRICING:

as at 11:00am, May 1, 2019

Product Customer buys Last Friday previous month Last Year
NZ$
(indicative)
US$
(indicative)
NZ$ NZ$ NZ$
1 oz Gold Kiwi coin $1,999.47 $1,335.05 $1,999.77 $1,985.24 1,946.44
1 oz Silver Fern coin          
Spot Gold / oz $1,915.42 $1,279.50 $1,915.79 $1,901.99 $1,864.62
Spot Silver / oz $22.41 $14.99 $22.29 $22.45 $23.18
Spot Platinum / oz $1,326.87 $886.00 $1,332.83 $1,249.57 $1,273.72
The following are Sell prices:          
Gold scap 24ct / gram reference $56.75

$40.37

$55.54 $53.47 $59.93

See more prices here » See gold and silver history charts here »

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.

A full set of price indications are available on interest.co.nz for coins, bars, bullion, and scrap which are updated daily in both US dollars and NZ dollars.


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