How International Spot Gold Works
Gold spot prices represent the purchase and settlement price for one troy ounce of unallocated physical bullion traded over-the-counter (OTC) in global financial centers, primarily London (LBMA), New York (COMEX), and Zurich.
Spot Price vs. Retail Jewelry Prices
Visitors often observe that prices quoted at retail jewelry stores or gold dealers exceed the spot rate displayed here. This is normal and expected:
- Dealer Premium: Physical minting, fabrication, and transportation costs.
- Making Charges: Craftsmanship and intricate jeweler design fees.
- Government Taxes: Value Added Tax (VAT), Goods and Services Tax (GST), or import customs tariffs.