In a significant move signaling heightened regulatory caution, Industrial and Commercial Bank of China (ICBC), the country’s largest lender by assets, has announced it will cease offering intermediary services for individual investors trading precious metals on the Shanghai Gold Exchange (SGE). The cutoff takes effect after settlement on July 24, with existing clients urged to…
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 $
