GOLD QUOTE PRICE

The trading price of gold that is governed in the London market is limited by the market itself and banks around the world, its price is the one that allows the purchase and sale prices to be established, therefore it is in no case a price accessible directly, mainly by the participation of intermediaries and of course taxes.

 

This varies gradually over time depending on various macroeconomic factors such as wars, uncertainty, among others. In the short term it is difficult to predict its movements, but in the long term its graph is always ascending and the average annual increase is 11%.

 

What should I know as an individual?

 

• The difference between buying and selling investment gold is usually 15%, meaning that if you bought gold today, it would take about a year and a half to start making money, taking into account that gold continued its trend growth history.

 

• Intermediaries: mainly refineries, wholesalers and retailers, all of them together commission around 7.5% when buying and another 7.5% when selling, thus explaining the difference of 15% from the previous point.

 

• Taxes: the Property Transfer Tax (ITP) is the only one that is charged directly to individuals when they sell their gold to professionals and this varies depending on the autonomous community, but specifically in Catalonia it is 5%.

 

In short, we have written this article to clarify the doubts of many of our clients who call us hoping to directly access the quoted prices that we indicate on our website, which are not the same as the purchase and sale prices, if you still have doubts, do not hesitate to contact us and we will solve any other doubt you may have.

 

 

A cordial greeting!