Please enter your email and password to login

CREATE AN ACCOUNT FORGOT YOUR PASSWORD?

FORGOT YOUR DETAILS?

AAH, WAIT, I REMEMBER NOW!

Please fill in the necessary fields(*) to create your account

ALREADY HAVE AN ACCOUNT?




Please select reCaptcha
ALREADY HAVE AN ACCOUNT?
GSC 10AM REFERENCE PRICES
|
GOLD 1 OZ:      SGD 4279.34
|
SILVER 1 OZ:      SGD 43.48
|
PLATINUM 1 OZ:      SGD 1428.37
|
Updated: 24/05/2025 10:00 AM

GoldSilver Central Pte LtdGoldSilver Central Pte Ltd

GoldSilver Central Pte Ltd

We are a Singapore registered company that specialises in physical bullion trading in Gold, Silver and Platinum at real-time pricing, completed with a whole array of services.

+65 6222 9703 | Mon to Fri: 10am to 5.45pm | Sat: 10am to 12.45pm
Email: [email protected]

GoldSilver Central Pte. Ltd.
3 Pickering Street #01-15/16 Nankin Row Singapore 048660

Open in Google Maps
+65 6222 9703 | Mon to Fri: 10am to 5.45pm | Sat: 10am to 12.45pm
SGD | USD
  • MY CART
    No products in cart.
  • SIGN UP
  • LOGIN
  • HOME
  • SHOP
    • GOLD
      • Gold Bar
      • Gold Coin
    • SILVER
      • Silver Bar
      • Silver Coin
    • PLATINUM
      • Platinum Bars
      • Platinum Coins
    • NUMISMATICS
      • Pre-1933 US Gold Coins
      • Morgan Silver Dollars
      • Peace Silver Dollars
    • PROOF COINS AND BARS
      • Silver Proof Coins & Bars
      • Austrian Mint Collector Coins
    • GSC EMOTIONALS
      • Austrian Mint Kissed Awake Jewellery Collection
      • Degussa Emotional Products Collection
    • Pre-Orders
    • PRELOVED GOLD JEWELLERY
    • MEMBERSHIP
    • INSTITUTION/CORPORATE CLIENT SERVICES
  • SPECIALS
    • Events Schedule
  • SERVICES
    • Only Government Guaranteed Precious Metals Accumulation Program in the World
      • Perth Mint Certificate Program
      • Perth Mint Depository Online
      • FAQ
    • The Cash You Need while Retaining your Metals Ownership
      • Collateral Loan Program
    • GSC Allocated Storage Program
      • GSC Bullion Storage Program
      • Storage Charges
      • Pick and Store Package for Bullion Transfer & Storage
      • FAQ
    • NUMISMATICS
  • SELL GOLD JEWELLERY
    • Sell Gold Jewellery for Best Prices
    • Selling Gold Jewellery to us: FAQ
    • Buy Pre-Loved Gold Jewellery
  • GSAP
    • GSC Savings Accumulation Program
    • GSAP FAQ
  • GSC Live!
    • About GSC Live!
    • GSC Live! User Guide (Desktop)
    • GSC Live! User Guide (Mobile)
    • GSC Live! FAQ
  • ABOUT
    • The Company
      • About us
      • Vision and Values
      • Our Showroom
      • Our Team
      • Career
    • PRESS CENTRE
      • Press Kit
      • Press Releases
      • Press Mentions
    • CUSTOMER SERVICE
      • 10th Anniversary E-book
      • Frequently Asked Questions (FAQ)
      • Agreement & Policies
      • Resources
      • Video Resources
      • Payment Methods
    • INSIGHTS
      • GSC Morning Call
      • Blog
  • GSC 10AM REF PRICES
  • CONTACT
    • Contact Us
    • Getting Here
  • ACCOUNT
    • My Account
    • My Cart
    • Payment Methods
    • My Price Notifications
  • Home
  • Blog
  • Blog
  • What are Physical Premiums? Why are they important?
 
GoldSilver Central Team
Thursday, 13 February 2020 / Published in Blog, Precious Metals Investing 101

What are Physical Premiums? Why are they important?

“Why is the premium for your Royal Canadian Mint Silver Bar 100oz more expensive than others?”

Lets face it, the above question has been asked by many precious metals investors out there looking to get the best value for their investments. And we totally understand that. Today, we will share with you a little of what goes on behind the scenes in the precious metals industry.

Price of a Physical Gold Bar = Market Spot Price + Physical Premium

This is how you calculate the total costs of your physical precious metals. Market price is easy enough to understand. That is the Loco London gold spot price that all bullion dealers internationally quote and refer to. (This is not true! Click here to find out why so?) So what is this “Physical Premium” about? Is it akin to “Workmanship” that is charged for jewellery?

Yes and No. Physical Premiums is not totally considered as workmanship per se.

The Physical Premium is the cost incurred when refineries cast the raw gold into the finished gold product forms, Ie coins/bars. When a distributor like GoldSilver Central purchases products directly from refineries, GSC pays this physical premium above the market spot price to the refinery in order to bring this product to Singapore. That being said, the physical premium includes other costs such as Storage costs, Insurance Costs and Delivery Costs. Thereafter, in order to run its business and earn some money, distributors typically add a margin within the premium and resell it to customers. For example, the costs for a Maple Leaf Silver Coin is US$1.80, GSC sells it at US$1.90, netting a 10c gross profit.

Keeping this in mind, the following situations are commonplace.

A same product would have different physical premiums in different countries.

Depending on the manner in which distributors obtain their supply, there will be different costs as well. (Of course the best is to buy from Distributors who work directly with refineries)

Sometimes when Premiums increase, it may not be due to the distributor. (Even more unlikely in this environment of increasing competition where profit margins will only continue to shrink) It may also be due to refineries increasing their premiums prices.

So thats it, a short writeup on physical premiums. Stay tuned as we continue our updates, to walk with you as you embark on your precious metals investing journey.

PS: Silver Prices have increased significantly over the past few months. We have been tracking the Royal Canadian Mint Silver Bar 100oz and their premiums have increased steadily since November last year. No telling if it will continue to increase.

What you can read next

Investing as a Newbie – Gold vs Silver vs Platinum; Which should I invest in?
Announcement on “Circuit Breaker” extension
How did Gold perform during recessions?

Leave a Reply

Your email address will not be published. Required fields are marked *

OPT-IN TO OUR WEEKLY MARKET & TECHNICAL ANALYSIS OF GOLD

    Join our Bullion Insights List to receive weekly technical analysis on Gold. Recipients will only receive weekly reports and nothing else from this list!







    Categories

    Recent Posts

    • 28 March 2025 – GSC Morning Call

    • 27 March 2025 – GSC Morning Call

    • 24 March 2025 – GSC Morning Call

    • 21 March 2025 – GSC Morning Call

    • 20 March 2025 – GSC Morning Call

    GoldSilver Central Pte Ltd (UEN: 201107187N), a Singapore registered company since 2011 specialises in physical bullion trading in gold, silver and platinum at real-time pricing, industry bullion supply, bullion buying and selling, collateral loan and secured storage under GoldSilver Central’s Bullion Storage Program at the Le Freeport. 

    MEMBER OF

    CUSTOMER

    • Physical Bullion
    • GSC Bullion Storage Program
    • Collateral Loan
    • Sell Gold Jewellery to GSC
    • GSC Live!
    • GSC Savings Accumulation Program
    • Perth Mint Certificate Program
    • Perth Mint Depository Distributor Online (PMDDO)

    COMPANY

    • About us
    • Press Centre
    • Blog
    • Agreement & Policy

    FOLLOW US

    • Facebook
    • Twitter
    • Eventbrite
    • Instagram
    • YouTube
    • TikTok

    OPENING HOURS

    Monday to Friday:
    10:00am - 05:45pm

    Saturday:
    10.00am - 12.45pm

    RETAIL STORE

    3 Pickering Street #01-15/16
    Nankin Row
    Singapore 048660

    HOTLINE

    [email protected]
    +65 6222 9703

    SUBSCRIBE TO OUR NEWSLETTER!

    Be the First to Know about Promotions (Like Flash Sales & Events) and News!

    EASYSENDY.com

    © 2024 All rights reserved. GoldSilver Central Pte. Ltd.
    UEN: 201107187N
    TOP
    • Place an appointment!
    × WhatsApp us!
    Dear Valued Clients, please place an appointment before you visit our retail store for us to serve you better!
    Place an appointment
    This is default text for notification bar
    Learn more
    This is default text for notification bar
    Learn more
    • HOME
    • SHOP
      ▼
      • GOLD
        ▼
        • Gold Bar
        • Gold Coin
      • SILVER
        ▼
        • Silver Bar
        • Silver Coin
      • PLATINUM
        ▼
        • Platinum Bars
        • Platinum Coins
      • NUMISMATICS
        ▼
        • Pre-1933 US Gold Coins
        • Morgan Silver Dollars
        • Peace Silver Dollars
      • PROOF COINS AND BARS
        ▼
        • Silver Proof Coins & Bars
        • Austrian Mint Collector Coins
      • GSC EMOTIONALS
        ▼
        • Austrian Mint Kissed Awake Jewellery Collection
        • Degussa Emotional Products Collection
      • Pre-Orders
      • PRELOVED GOLD JEWELLERY
      • MEMBERSHIP
      • INSTITUTION/CORPORATE CLIENT SERVICES
    • SPECIALS
      ▼
      • Events Schedule
    • SERVICES
      ▼
      • Only Government Guaranteed Precious Metals Accumulation Program in the World
        ▼
        • Perth Mint Certificate Program
        • Perth Mint Depository Online
        • FAQ
      • The Cash You Need while Retaining your Metals Ownership
        ▼
        • Collateral Loan Program
      • GSC Allocated Storage Program
        ▼
        • GSC Bullion Storage Program
        • Storage Charges
        • Pick and Store Package for Bullion Transfer & Storage
        • FAQ
      • NUMISMATICS
    • SELL GOLD JEWELLERY
      ▼
      • Sell Gold Jewellery for Best Prices
      • Selling Gold Jewellery to us: FAQ
      • Buy Pre-Loved Gold Jewellery
    • GSAP
      ▼
      • GSC Savings Accumulation Program
      • GSAP FAQ
    • GSC Live!
      ▼
      • About GSC Live!
      • GSC Live! User Guide (Desktop)
      • GSC Live! User Guide (Mobile)
      • GSC Live! FAQ
    • ABOUT
      ▼
      • The Company
        ▼
        • About us
        • Vision and Values
        • Our Showroom
        • Our Team
        • Career
      • PRESS CENTRE
        ▼
        • Press Kit
        • Press Releases
        • Press Mentions
      • CUSTOMER SERVICE
        ▼
        • 10th Anniversary E-book
        • Frequently Asked Questions (FAQ)
        • Agreement & Policies
        • Resources
        • Video Resources
        • Payment Methods
      • INSIGHTS
        ▼
        • GSC Morning Call
        • Blog
    • GSC 10AM REF PRICES
    • CONTACT
      ▼
      • Contact Us
      • Getting Here
    • ACCOUNT
      ▼
      • My Account
      • My Cart
      • Payment Methods
      • My Price Notifications

    EASYSENDY.com