Gold Price ( Spread / Price Premium ) Calculator
Gold Price ( Spread / Price Premium ) Calculator
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Gold Price ( Spread / Price Premium ) Calculator Singapore
Gold has been the Main Currency Exchange to Humanity for Centuries
This Calculator will help you to Calculate Gold Price Premium Paid and Gold Spread Price
What is Gold Price Premium ?
When an Investor purchase a Gold Bullion Bar or coin . Normally he or she will hardly able to purchase it at the Spot Price , a Premium price above the Spot Price will be paid during the Transaction.
The Goal for every Gold Investor is to purchase a Gold Coin or Bar , with a Premium as low as Possible near the Spot Price.
For Example
Buying Price From Bullion seller: USD 1829.97
Selling Back Price to Bullion Seller : USD 1707.16
Market Price For One ounce of Gold: USD 1737.18
Premium = [ ( Buying Price- Gold Market Price ) / Gold Market Price] x 100 %
Premium = [ ( 1829.97- 1737.18) / 1737.18] x 100 %
Premium = 5.34%
What is Gold Spread ?
For example :
Buying Price From Bullion seller: USD 1829.97
Selling Back Price to Bullion Seller : USD 1707.16
Spread =[ ( Buying Price- Selling Price ) / Selling Price] x 100 %
Spread = 7.19%
Data you need to Plug In :
- Bought Price
- Weight of the Gold either in Ounce or Gram
- Current Gold Price Per Ounce . you can refer here
- What is the Gold Purity
- Gold Sell Back Price
Check out Silver Spread and Price Premium Calculator Here