Round-the-clock shopping for investment products at the Münze Österreich online shop.
We can offer you the chance to purchase investment products in gold, silver and platinum around the clock, seven days a week.
This is possible because instead of buying at the fixing price (gold or silver and platinum fixing prices), which is set twice a day, we buy the respective precious metals at the constantly changing spot price and offer them to you at this price in real time. The price offered online is fixed in the order overview and held for 15 minutes - this applies to 5 minutes in the order overview page (this follows the shopping cart in the checkout) and the remaining period in the online payment processing. During this period you can make a decision about our offer. If you do not want to make a decision yet, you will be offered a new spot price at a later time.
At the Münze Österreich AG shop at Heumarkt 1, you can also purchase the Vienna Philharmonic in gold, silver and platinum, as well as gold bars, at the spot price. You will be informed of the current spot price at the cash desk.
The prices of our collector products are not affected.
Gold fixing: Gold fixing refers to the twice-daily fixing of the gold price, which is determined by five of the largest gold-trading banks: Deutsche Bank, Barclays Capital, Scotia Mocatta, HSBC and Societe Generale. They determine the gold price at around 10.30 a.m. and 3 p.m. Gold fixing took place for the first time on 12 September 1919 in London.
Spot price: The gold spot price, a "live" gold market price, is an average price composed of the price at which the last gold trade was made, the cheapest price at which a troy ounce of gold (31.1 grams) is currently available on the market (ask price), and the price that the highest bidder is willing to pay (bid price). The gold price is determined around the clock by supply and demand. The spot price is determined in three stages: through trading in Tokyo, New York and London.
