Bid, Mid and Ask prices
We buy and sell Gold and Silver at prices based on the Spot Price, which is regularly updated from the live market feed on our website to ensure that you are always getting the best possible rates from us.
The Spot Price is the averaged out current price at which Gold or Silver is being traded by the major dealers contributing to the price feed.
Bid price - This is the averaged out price that is currently 'Bid' by buyers.
Ask price - This is the averaged out price that is currently 'Asked' by sellers.
The Ask price will generally be higher than the Bid price.
Mid price - This is the mid-point between the Bid and Ask prices.
Liquidity - If there is a ready supply of metal to buy and sell within a stable market then the Bid and Ask prices will generally be close together and there is good liquidity in the market. Poor liquidity may result from sellers increasing the Ask price due to factors such as low physical availability of metal or perceived instability in external forces on the market. Buyers may then choose to either increase their Bids to complete deals or maintain lower bids, increase the spread between Bid and Ask and wait for a change in the market conditions.
Current Live Market Prices per gram: