What is premium over spot price?
· · Spot price is also known as market price.
· · Premium
is the extra value over the spot price.
· · Charges
are related to running the business, profit margin, collectible value.
· · These
are necessary charges without which production and availability might not be
possible.
Gold Market Price
· The price of Gold is updated daily the same way as any other
commodity.
· It is not possible to buy Gold Bullion at market price due to
operational costs.
· Market price deals with raw metals pricing excluding Taxes and
Making Charges.
· We try to offer the best prices and lowest premiums for better
ROI.
Silver Market Price
· · It is not possible to buy Silver Bullion
at market price due to operational costs.
· · Market price deals with raw metals
pricing excluding Taxes and making charges.
· · We
try to offer the best prices and lowest premiums for better ROI.
How
to pay lowest premium?
· · The smaller the denomination the higher the premium.
· · Hence if you buy precious metals of larger denominations then you
will have to pay lower premiums.
For Example, we will be taking this 10 Gram Gold Bar, it is one of the bestselling products because the premium on this bar will be lower than a 1 Gram Gold Bar or a 5 Gram Gold Bar. But when your requirement is of 1 Gram then you have to purchase accordingly, this example was given so you could differentiate between the prices after the premium is added.
So, if you are looking to avoid premium then the best thing is to accumulate enough money until you can buy your favorite products at the lowest pricing.
For more details please
check out the products on CoinBazaar.in
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