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Old 30.05.2012, 21:47
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Rate for gold at UBS

At 12:59, UBS today gave a quote for 1kg of gold. The spot rate was CHF 48231.

They were selling 1kg at CHF 48439 ie CHF 208 more than the spot rate.
They were buying 1kg at CHF 47867 ie CHF 364 less than the spot rate.

Overall, a difference of CHF 572 between the two.

Any thoughts on these rates?
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Old 30.05.2012, 21:52
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Re: Rate for gold at UBS

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At 12:59, UBS today gave a quote for 1kg of gold. The spot rate was CHF 48231.

They were selling 1kg at CHF 48439 ie CHF 208 more than the spot rate.
They were buying 1kg at CHF 47867 ie CHF 364 less than the spot rate.

Overall, a difference of CHF 572 between the two.

Any thoughts on these rates?
You want physical delivery for a small amount, expect to pay for a service. About 1% spread from a Swiss bank is not excessive. They have to hold a stock so are at risk.
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