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Precious metals newsletter Feb 26, 2025

The Precious Metals Newsletter

News and analysis

TODAYS BULLION PRICING:

Last updated: Wednesday, February 26, 2025 - 11:01 AM

 

Gold spot prices
Market, per troy oz Currency Today Monday Week ago Previous year Net change %
26-Feb-25 24-Feb-25 19-Feb-25 26-Feb-24 pa
Gold Fix - London (p.m) NZD 5,130 5,116 5,149 3,285 +56.2%
USD 2,932 2,929 2,939 2,027 +44.6%
 
Silver Fix - London (noon) NZD 56.89 56.83 57.53 36.82 +54.5%
USD 32.51 32.54 32.84 22.72 +43.1%
 
Platinum Bid - New York NZD 1,694 1,684 1,699 1,420 +19.3%
USD 968 964 970 876 +10.5%
 

 

Bullion coins - NZ Mint
Bullion Buying Selling
  NZD USD AUD NZD USD AUD
1oz Gold Kiwi Coin 4,833 2,766 4,360 5,244 3,002 4,731
1oz Gold Kangaroo Coin 4,840 2,771 4,367 5,354 3,065 4,830
1oz Silver Fern Coin 52.62 30.12 47.47 63.94 36.60 57.68
1oz Silver Kangaroo Coin 52.73 30.18 47.57 64.49 36.91 58.18

 

Gold Bars - NZ Mint
Bullion Buying Selling
  NZD USD AUD NZD USD AUD
1oz Gold Minted Perth Bar 4,840 2,771 4,367 5,283 3,024 4,766
10oz Gold Minted Perth Bar 48,914 27,998 44,129 52,821 30,234 47,654
1g Gold Minted Perth Bar 156 89 140 213 122 192
5g Gold Minted Perth Bar 778 445 702 911 521 822
10g Gold Minted Perth Bar 1,573 900 1,419 1,768 1,012 1,595
20g Gold Minted Perth Bar 3,112 1,782 2,808 3,520 2,015 3,175
50g Gold Minted Perth Bar 7,781 4,454 7,020 8,492 4,861 7,661
100g Gold Minted Perth Bar 15,562 8,908 14,040 16,984 9,722 15,323

 

Spot price data is sourced from Kitco in USD and converted into NZD based on the NZD/USD exchange rate at approximately 11.10 am New Zealand time as published by the RBNZ.

Spot prices are per troy ounce (31.1034768 gm) of weight, from the gold and silver prices of the London fixing (pm) and the bid price of platinum on the New York spot market.

Bullion prices in NZD, AUD and USD are sourced from NZ Mint

How to buy gold and silver

The process for buying precious metals involves four steps. You will first need to verbally agree (fix) a price. Usually you are negotiating a NZ dollar price for a specified volume of metal (eg: 1 oz) for a specified product (24ct coin). (Alternatively, you can negotiate a US dollar price.) Expect shipping costs to be extras. You then need to formally confirm your agreement, usually on a formal contract form. This step needs to be done promptly after your negotiation. Once confirmed in writing, you will need to make payment and this will almost always be required the same day as the written confirmation. Your order is then shipped to the address you specify. Note there are no refunds, returns or exchanges permitted. To sell, a similar process is undertaken.