20-11-2024
WHAT IS THE FIXING PRICE OF GOLD AND SILVER?
Gold and silver are two of the most valued precious metals in the market, and their prices are regulated by international contributions. In our shopping store in Barcelona, we work with total transparency, based on the official price price of London, known as London Fixing, to determine both purchase and sale prices.
What is the official price of London?
The London Fixing establishes the world reference price for gold and silver. This price, updated to the second, reflects the current value of these metals based on factors such as supply, demand and global economic conditions. Said standard is used by banks, jewels and specialized shops.
Why does the purchase and sale price vary compared to the official price?
The price price serves as a starting point, but the final purchase or sale price includes additional aspects such as operational costs, commercial margins, taxes and other market -related factors.
1. In the case of gold:
- If you want to sell gold, you will receive a price approximately 15% lower than the official
- If you want to buy gold, the price will be 15% higher than the price
2. In the case of La Plata:
- If you decide to sell silver, the price offered will be around 30% lower than the official
- If you want to buy silver, the price will be 30% higher than the price.
The difference in the margins of silver, broader than those of gold, is due to its lower intrinsic value and the costs associated with its processing and marketing.
Our commitment to you
In our shopping store in Barcelona, we offer a fair and precise assessment for both gold and silver. If you are interested in selling jewels, coins or bullion, or if you want to acquire precious metals such as investment or collection, we will be happy to attend