Comprehensive Interbank Precious Metals Matrix
Live spot benchmarks across ounce, gram, and kilogram denominations in GBP and USD.
| Metal Asset | Price per Ounce (USD) | Price per Ounce (GBP) | Price per Gram (GBP) | Price per Kilogram (GBP) | 24h Change |
|---|---|---|---|---|---|
| Gold (XAU) | $4,320.77 | £3,412.80 | £109.72 | £109,720.00 | +0.42% |
| Silver (XAG) | $63.40 | £50.08 | £1.61 | £1,610.00 | +1.15% |
| Platinum (XPT) | $1,245.80 | £984.00 | £31.64 | £31,640.00 | +0.85% |
| Palladium (XPD) | $1,380.20 | £1,090.25 | £35.05 | £35,050.00 | -0.24% |
How Spot Prices Are Formed & Why Physical Bears Premiums
The global spot price reflects unallocated, paper contract transactions settled primarily on the London OTC market and the New York COMEX. However, transforming a digital paper contract into an actual, assay-certified physical bar requires fabrication, assay verification, insured transit, and vaulted storage.
- Spot Fix Benchmarks: Twice-daily auctions established by the LBMA determine global clearing prices.
- Fabrication Margins: Minted fractional bars carry higher fabrication overheads than large 1kg or 400oz Good Delivery bars.
- Sovereign Supply Squeeze: Record central bank net buying (exceeding 1,000 tonnes annually) creates structural floor support under physical pricing.
Frequently Asked Questions About Precious Metals Markets
Insights into market hours, bid/ask spreads, and order rate locks.
When are bullion spot markets open?
Physical gold and silver markets trade 24 hours a day, 5 days a week, commencing Sunday evening (London time) with Asian trading desks and concluding Friday evening with New York market close.
When is my price locked during purchase?
At Golden Star Met, your price is dynamically locked at the checkout stage for a period of 15 minutes, allowing you to complete your wire transfer or cryptocurrency payment without market slippage exposure.
What is the Gold-to-Silver ratio?
The Gold-to-Silver ratio represents the number of ounces of silver required to purchase a single ounce of gold. Historically averaging 50:1 over centuries, elevated ratios above 80:1 indicate substantial fundamental undervaluation for silver.
Why are physical bullion buyback prices different from spot?
The buyback rate reflects immediate wholesale secondary liquidity. While retail products trade at a modest premium over spot to cover minting and shipping, our buyback desk provides institutional bids closely tied directly to prevailing spot.