Knowledge Centre
Bullion Pricing, Delivery and Storage
Spot prices, premiums, buy-back prices, delivery, storage and transaction timing.
Questions in this topic
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How is the price of a Krugerrand calculated?
A Krugerrand's price starts with the value of the fine gold it contains, worked out from the international gold price in US dollars and converted into rand at the current exchange rate. A…
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What is the gold spot price?
The gold spot price is the current wholesale market price for one troy ounce of gold traded for prompt settlement. It is quoted internationally in US dollars and changes continuously while…
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Why is the Knox selling price higher than the spot price?
The spot price is the market value of raw gold, while a coin or bar has to be refined, minted, transported, insured, held in stock and sold. A dealer's selling price adds a premium to the…
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What is the difference between a selling price and a buy-back price?
The selling price is what you pay a dealer to buy a coin or bar. The buy-back price is what the dealer will pay you when you sell it back. The buy-back price is lower, and the gap between…
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How often are Knox bullion prices updated?
Bullion prices are tied to the international metal price and the rand exchange rate, both of which move continuously while markets trade, so any dealer's prices change through the day.…
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Can I lock in a bullion price before I pay?
Whether a bullion price can be locked before payment depends on the dealer's rules. Where a price lock is offered, it usually fixes the price for a specific product and quantity for a…
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Can Knox deliver bullion anywhere in South Africa?
Bullion can often be delivered to addresses within South Africa, but whether a particular address can be served, and at what cost, depends on the delivery service, the value of the order,…
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Is bullion delivery insured?
Bullion deliveries are normally insured in transit, but the cover depends on the courier's or insurer's policy, the limit per consignment, the conditions attached and the point at which…
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How does secure bullion storage work?
Secure bullion storage means keeping coins or bars in a professionally protected facility rather than at home. The most common route is renting a safe deposit box: you keep ownership and…
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What taxes may apply when buying, selling, gifting or inheriting bullion?
Several South African taxes can apply to bullion, depending on what you do with it. VAT may apply when you buy, though gold Krugerrands are always zero-rated. Selling at a profit can give…
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This Knowledge Centre gives general information, not financial, tax, legal or insurance advice. Prices, limits, terms and availability are confirmed by Knox before you proceed, and the agreement you sign takes precedence. Where a current figure has not yet been confirmed on this site, we ask you to contact Knox instead of relying on an estimate.
