GoldQuestions
Gold premiums and spreads
Premiums and spreads explain why retail buy and sell prices differ from the spot price and from each other.
Last reviewed: 2026-05-23
Premiums
A premium is the amount above the metal reference value. It may reflect manufacturing, minting, distribution, demand, scarcity, and dealer margin.
Spreads
A spread is the gap between a dealer sell price and buyback price. A narrower spread can matter, but it is only one factor in a full comparison.
Educational disclaimer
This guide is educational only and is not financial, investment, tax, legal, or personal advice.
FAQs
Is the lowest premium always best?
No. Recognition, condition, delivery, storage, payment method, and resale route may also matter.
Can spreads change?
Yes. Dealer pricing, market volatility, product type, and stock levels can all affect spreads.
Does this site rank dealers?
No. Dealer comparisons require a separately approved disclosure and comparison model.