How spot prices are formed and how they relate to product pricing in New Zealand.
The spot price is the current market price for immediate settlement of a precious metal. It is the global reference point used by dealers and exchanges before local premiums, fabrication, and delivery costs are applied.
The Gold House charts page shows the live gold spot price in NZD per troy ounce, updated from market feeds during trading hours. Product prices on the trading desk include premiums above spot for minting, logistics, and service.
Silver spot is shown on the same Market Charts page in NZD per troy ounce. You can also switch currency to USD and compare gram, troy ounce, and kilogram unit prices.
Spot reflects immediate delivery pricing, while futures prices are contracts for delivery at a later date. Futures include market expectations, interest rates, storage, and timing factors, so they can trade above or below spot.
No single company sets it. Spot is discovered continuously across major global markets through live buy and sell activity, including OTC bullion markets and exchange-linked liquidity.
Prices react to supply and demand, currency moves, interest-rate expectations, central bank commentary, geopolitical risk, and macroeconomic data releases. Even small shifts in these inputs can move intraday pricing.
Retail buy and sell prices include a premium or discount around spot. That spread covers minting, logistics, hedging, inventory carrying costs, and operating service costs.
The underlying international reference is usually quoted in USD. NZD spot reflects that same metal value converted through the live NZD/USD exchange rate, so currency movements can impact NZD pricing even when USD metal prices are steady.
Spot is the benchmark used to assess market direction, compare products, and evaluate entry or exit timing. It helps investors separate metal market moves from dealer-specific premiums.
Yes. Feeds can differ by source, refresh interval, and conversion methodology. Small discrepancies are normal, especially during volatile periods and across different currencies.
No. These charts are for market information and education. They do not consider personal financial circumstances and should not be treated as personal financial advice.