Fairmined Gold Pricing
Notes:
- These prices apply for payments via direct wire transfer.
- Reference prices valid on 2024/05/07.
- Prices provided here apply to yellow, red, rose and non Pd white colors. These prices apply to alloys without palladium content; Prices for palladium-containing alloys are available upon request.
- Shipping availability is always verified prior to the quote. The full address of the destination, including the zip code, is always required.
- In the United States, Canada, the United Kingdom and the European Union the tariff is zero. In other regions duties may apply. Other taxes such as VAT or customs costs are borne by the buyer.
- The listed price is indicative; for order placement, please inquire for a customized quote ensuring price and product availability.
To place an order or inquire about alloys with palladium or other karats and colors, please email us at info@tracedgold.com or use the contact form.
PRICES PER GRAM
The pricing in grams is determined as follows: We begin the pricing calculation by taking into account the most recent London Fix PM price, which is indicative of the current gold market conditions. Following this, we perform a division, dividing this price by 31.1035 to establish the per-gram pricing, indicating the cost of gold. To this, we add the Fairmined Fees based on the gold content of each product. For instance, 24K gold is pure, consisting of 100% gold, so it incurs the full Fairmined fee per gram (4.7 USD). However, for 18K gold, which has a gold content of 75%, we apply 75% of the Fairmined fee per gram (3.53 USD). Furthermore, we include a premium, which varies according to the quantity, as shown in the table below.
PRICES PER TROY OUNCE
The calculation of the price in troy ounces is determined as follows: we start with the current price of the London Fix PM, representing the gold price. To this, we add the Fairmined Fees based on the gold content of each product. For example, 24K gold is 100% gold, so it incurs the full Fairmined fee per ounce (146 USD). However, for 18K gold, which has a gold content of 75%, we apply 75% of the Fairmined fee per ounce (109.64 USD). To this value, we add the premium, which is a percentage that varies depending on the quantity, as shown in the following table.
