The Gold Price

There are two main pricing mechanisms for gold. Brand new gold coming out of gold mines, refineries and primary dealers like SA Bullion is priced by the London Bullion Market Association twice a day resulting in a ‘Price Fix’ from which dealers may operate. Secondhand, or Secondary Market gold, is priced out of New York and is essentially ‘live’ (or ‘Spot’) and therefore continuously changing. In its secondary market business SA Bullion uses hourly updated Spot Pricing.