The spot gold market is where professional participants in physical gold bullion investment trade large gold bars in huge volumes and at very efficient gold prices. The spot gold market is not a single market place but exists in the form of a widely distributed network of refineries, bullion banks and bullion dealers.The participants of spot gold markets trade what is called spot gold – large gold bars weighing 400 ounces or close to 12.5kgs with a purity of 995 parts per thousand pure or better. Any gold bar traded as spot gold are regarded to have ‘good delivery’ status, having entered the professional market’s vaulting system, called the ‘chain of integrity’, after they were first refined or last assayed.
This allows spot gold market customers to trade seamlessly with peace of mind. Gold bullion’s fungible nature and the accepted 400 ounce good delivery bar enable the spot gold market to function in this manner.
UKBullion.com offers a wide range of gold bullion with the highest grade of purity at the best prices.
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