Buying gold isn’t like buying a product off the shelf. Behind every price is the market spot price, plus costs. Here’s how it fits together.
The Spot Price: Gold’s Global Benchmark
The spot price is the current market price of gold, usually quoted per troy ounce in U.S. dollars. It reflects supply and demand in the over-the-counter market centred on London and on futures exchanges such as COMEX.
Spot prices change constantly during trading hours. Factors that influence the price include:
- Central bank policies and interest rates
- Inflation and currency movements
- Geopolitical events and market uncertainty
- Global supply and demand for physical gold
EONA’s prices are based on the international spot price from a professional market-data provider, refreshed approximately every 10 to 15 minutes, plus a premium. If the price data is more than 30 minutes old, trading is paused. The price that applies is the one shown on the platform when you confirm your order.
Spread and Commission: What You Pay Above Spot
When you buy gold, you typically pay more than the spot price. This reflects costs such as:
- Refining and minting costs
- Sourcing and handling
- Transportation and logistics
- Provider margin (platform or dealer)
Costs vary by product: small coins often carry high premiums. At EONA, you buy at the spot price plus a premium and sell at the spot price minus a discount, with a commission on each purchase and sale. Storage is charged separately. See our Fees & Spread page.
Why Pricing Clarity Matters
Retail buyers can overpay because of poor transparency. Bullion coins, for instance, can carry high premiums, and some sellers don’t show the spot price at all.
EONA shows how your price is built — the price, the commission and the total — before you confirm. Storage fees are shown separately, and your holding is recorded against specific bars rather than a pooled entitlement.
Pricing and Currency
Gold is priced globally in USD. EONA accepts payment in AED or USD; the price in your payment currency is shown before you confirm.
All metal bought through EONA is stored with Loomis in Dubai; storage is 0.50% per year for gold and 1.00% per year for silver, plus 5% VAT.