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 

About Auric Gold

Auric Gold Ltd is an independent gold bullion dealer active in London and Geneva specialising in selling physical gold bars of 999.9 fineness for immediate delivery loco-London basis and at competitive prices. 

Registered customers may take delivery of their gold bars over the counters in London, or by professional and secure courier service in the UK or, subject to prior due diligence, to approved overseas destinations. 

Auric Gold also provides customers with secure and insured storage of gold bars in independent third-party non-bank vaults in London. Customers have the flexibility of taking all or some of their gold bars out of vaults as and when required, into their personal possession, upon prior notice.  

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. 

The gold bars come in a range of convenient weights and sizes to suit varied requirements.

Metric weights are 1g, 2g, 2.5g, 5g, 8g, 10g, 20g, 50g and 100g. Larger weights in 250g, 500g and 1000g can also be available.

Troy ounce weights are ½ ounce and 1 ounce.

Bars of larger weights such as 250g, 500g, 1000g, 5 ounces and the traditional London good delivery (LGD) bar weighing approximately 400 ounces troy (12 ½ kilos) can be available on request. 

Some gold bars are “minted” bars. This means that they are of a high polish and smoothness with  specific weights, thickness and dimensions. They are stamped with either generic motifs of the gold refinery or other cultural motifs of different countries where such gold bars may be popular. Also stamped are the gold bar weights, purities and gold refinery logos. The bars are then packed in a secure and tamper-proof packaging and available for distribution for ultimate retail sale. 

“Cast” bars are those where molten gold is poured into a mould and resultant cast bars are stamped with the weight, purity and serial number. There are no special motifs stamped on such gold bars except the refiner’s logos, bar weights and fineness.  

Gold bars of larger weights, for example 100 grams and above, 5 ounce and above are usually produced as cast bars, the most famous cast bar being the London good delivery (LGD) bar.

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.

Physical delivery of the gold bars may be taken in London over the counter or by secure and insured courier to a registered customer’s designated address in the UK. Overseas shipments via insured courier are also possible subject to prior due diligence. 

Gold bar pricing - Spot gold prices

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 “premiums” over such spot gold prices.

“Spot” gold prices means the competitive buying and selling price for gold, known as “bid and ask prices” quoted by major gold dealing institutions in major gold trading centres. The prices relate to the specified larger volumes of gold for “spot” delivery which is the second business day after contract. 

New York, London, Zurich, Istanbul, Dubai, neighbouring Gulf states, the Indian sub-continent, Hong Kong and Shanghai 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.

Gold futures and gold options markets

In addition to gold being traded on a “spot” basis in physical gold markets, gold is also traded on the basis of future deliveries on regulated commodities exchanges where derivative contracts in the form of gold futures which are traded electronically and without paying for the full value of gold. In futures contracts only a small deposit known as “initial margin” needs to be deposited. The world’s major gold futures exchanges are Commodities Exchange Inc / NYMEX (COMEX), Dubai Gold & Commodities Exchange (DGCX) and Tokyo Commodities Exchange (TOCOM).

Gold options contracts are one can buy or sell the right but not obligation 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.

London physical gold market

London is reputed to be the world’s largest and most liquid Over the Counter (OTC) market for physical gold. Its participants consist of market-making institutions around the world that have a presence in London and deal in “loco-London” gold. Such institutions include banks, central banks, other international monetary authorities, gold refineries, bullion vaults and large non-banking institutions. These institutions collectively form a very competitive and liquid market in gold bullion for spot and forward contracts as well as gold options. 

Accordingly, London has a rich heritage in terms of speciality in trading, vaulting and providing logistics in physical gold bullion and services the needs of most major overseas gold trading centres.

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. 

Buy gold bars on the basis of the LBMA Gold Price¹

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. 

The ICE Benchmark Administration (IBA) 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.

The London Bullion Market Association (LBMA) holds the intellectual property rights for the LBMA Gold Price¹.

Disclaimer

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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