The average gold price year to date is $2908 which means A$100,000.00 would have bought 34.39 ounces of gold if you bought $444 every weekday of 2023
If you bought all A$100,000.00 at once it would depend on your timing.
Example 1: Bad timing
if you bought on 31/10/2023 the gold price was $3,150.20 which would have bought…
SPOT : The spot price reflects Gold, Platinum, or Silver’s paper market value, but the real cost of bullion is higher due to dealer premiums, minting, shipping, and market demand.
SPOT PRICE :
- Gold
AUD $
- Platinum
AUD $
- Silver
AUD $
PHYSICAL : The actual price of physical Gold, Platinum, or Silver is always higher than the paper spot price. This is because the spot price represents the paper or electronic market value, not the physical metal in your hand.
PHYSICAL PRICE :
- Gold
AUD $
- Platinum
AUD $
- Silver
AUD $
