About Auric Gold
Independent bullion dealer selling gold bars of 999.9 fineness Delivery in the UK or abroad Secure storage in independent non-bank vaults
Auric Gold Ltd is an independent gold bullion dealer active in London and Geneva specialising in selling
Auric Gold also provides customers with
Customers also have the facility to sell to Auric Gold, all or part of their gold bar holdings held in vault storage, as and when needed.
All gold bars sold by Auric Gold are produced by reputable world renowned gold refineries with each gold bar being specifically identifiable and certified with its purity, weight and refiner’s marks.
Auric Gold sells gold bars in Pounds Sterling, the base currency of the UK but competitive quotations in US Dollars, Euro, Swiss Franc and other major currencies can be available on request.
Gold is a product whose price fluctuates constantly, depending on the international financial markets. Prices for gold bars sold by bullion dealers such as Auric Gold are generally based on international spot gold prices prevailing at the time plus other factors such as processing, minting, packaging, branding and distribution which comprise the
means the competitive buying and selling price for gold, known as
delivery which is the second business day after contract.
are some of the main institutional physical gold trading centres around the world where there is a substantial local turnover in physical gold bars. Thus, gold is available for buying and selling on an almost 24hr basis at some time and somewhere in the world.
are one can buy or sell the
to buy or sell either an underlying spot gold contract or gold futures contract at particular price and such right may be exercised within a certain time period.
The combination of the world’s major physical gold markets and gold futures and options exchanges provide a highly liquid and an almost unbroken chain of time-zones where gold in the forms of physical gold bars and derivatives such as gold futures and gold options contracts are traded electronically almost 24 hours a day during working days Mondays to Fridays. Volatile dealings in gold futures and options exchanges can impact prices on physical gold markets and vice versa.
Its participants consist of market-making institutions around the world that have a presence in London and deal in
Auric Gold accesses gold prices from gold markets around the world and complements it with London’s unrivalled speciality of providing seamless and very efficient logistics and vault storage for physical gold bars.
Auric Gold customers can therefore take advantage of buying gold bars from Auric Gold at highly competitive prices with the most efficient logistics which best reflect the true state of the fluctuating world gold markets.
Auric Gold also sells gold bars on the basis of the LBMA Gold Price¹. This is a benchmark price for gold established at a gold auction in London which is administered by ICE Benchmark Administration (IBA).
This gold auction takes place twice a day during London business days and where buyers and sellers around the world to execute buy and sell orders for gold bullion at a uniform benchmark price. The auction process also serves as a price discovery process. When the relevant auction process is completed, a single benchmark price for gold in US Dollars per fine ounce is officially declared. Official quotations in Pounds Sterling and Euro per fine ounce are also declared. This gold auction takes place at 10:30 hrs and 15:00 hrs in London every working day.
Customers can thus take advantage of buying gold bars from Auric Gold at a common and transparent benchmark gold price and with previously disclosed and agreed premiums.
was selected by the LBMA to be the third-party administrator for the LBMA Gold Price¹. The IBA is an independent specialist benchmark administrator, which provides the price platform, methodology as well as the overall administration and governance for the LBMA Gold Price¹.
¹ All references to LBMA Gold Price are used with the permission of ICE Benchmark Administration Limited and have been provided for informational purposes only. ICE Benchmark Administration Limited accepts no liability or responsibility for the accuracy of the prices or the underlying product to which the prices may be referenced.
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