Glossary
Spot price (daily price)
The spot price is the current market price for a precious metal and the basis of every fair buying price.
Spot price is the price at which a precious metal currently trades for immediate delivery. Quoted per troy ounce and changing second by second, it is the worldwide reference for every reputable buyer.
It is driven by supply and demand, the dollar exchange rate, interest rates and economic conditions. Today's price therefore differs from last week's, and both are real. A dealer advertising one fixed price per gram for weeks is not following the market.
The buying rate is the link between spot price and payout. It covers testing, transport, refining and margin. A transparent buyer states both figures: the price used for calculation and the proportion paid out.
From spot price to payout
Suppose gold is at 3.732,42 € per troy ounce, equivalent to 120,00 € per gram of fine gold. A 30 gram lot of 585 jewellery contains 17.55 grams of fine gold, giving a material value of 2.106,00 €.
We pay 90 to 95 % of that for gold jewellery, giving 1.895,40 to 2.000,70 €. For bars and bullion coins, the rate is 97 %, because no refining work is needed. See how spot converts to individual finenesses in our old gold price overview.
Today's price in our Nordhorn shop
We retrieve the live price when buying in Nordhorn and show it to you. This is the figure used in the calculation, applying at the time of your sale. If the market moves strongly during the day, you see that immediately.
If you are looking for the right moment, you can follow the price in our calculator before visiting. No appointment is needed and the valuation is free regardless.
A comparison tip: advertisements often quote a price per gram without naming the market price behind it. Such figures cannot be checked. Always ask for the underlying spot price to make two offers comparable.