About freshgoldprice.com
freshgoldprice.com publishes live, retail-accurate gold and silver prices for 31 countries in local currencies. Unlike raw spot price sites, every price on this site already includes the import duty, VAT/GST, and dealer margin that buyers actually pay at a local jeweller or bullion dealer.
Editorial Team
James Carter
Precious Metals & Retirement Planning Editor
James has tracked precious metals markets and retirement investment strategies since 2018. He monitors import duty and VAT policy for gold and silver across 30+ countries, reviews regulatory changes to US self-directed IRAs, and oversees the pricing methodology and editorial standards for all content on freshgoldprice.com.
How We Calculate Prices
Raw spot price — the XAU/USD or XAG/USD rate traded on the London Bullion Market — is not what a retail buyer pays. freshgoldprice.com adds the real costs layered on top of spot before a gram of gold reaches your hand:
Retail Price Formula (compounded)
(spotUSD/oz ÷ 31.1035) × fxRate × karatRatio
× (1 + importDuty)
× (1 + VAT)
× (1 + dealerMargin)
× correctionFactor
| Factor | What it represents |
|---|---|
| spotUSD/oz ÷ 31.1035 | Converts the troy-ounce spot price to per-gram |
| fxRate | Live USD → local currency exchange rate (open.er-api.com; pegged currencies use fixed rates) |
| karatRatio | Karat purity as a fraction of 24K (e.g. 22K = 22/24 = 0.9167) |
| importDuty | Country-specific gold import tariff (e.g. India 15%, Pakistan ~6% ad valorem equivalent) |
| VAT | Value-added or goods & services tax on gold (UK investment gold is VAT-exempt; UK silver carries 20%) |
| dealerMargin | Typical retail dealer markup for the local market (2–8% depending on country) |
| correctionFactor | Per-country residual adjustment to close the gap between theoretical markup and observed local retail (default 1.0) |
All four adjustment factors are compounded, not additive — matching how real-world bullion pricing works. Country-specific rates are sourced from official government publications and updated when tax law changes.
See the full worked examples for Saudi Arabia, India, and the UK on the Pricing Methodology page.
Data Sources
Gold & Silver Spot Prices
GoldAPI.io — live XAU/USD and XAG/USD rates fetched daily at 00:00 UTC from the LBMA-referenced spot market. Cached in Cloudflare KV and refreshed once per day via a scheduled cron.
Foreign Exchange Rates
open.er-api.com — live mid-market FX rates for all 31 country currencies. Gulf countries (SAR, AED, KWD, QAR, OMR, BHD) use their official pegged rates.
Tax & Duty Rates
Country-specific import duties, VAT/GST, and dealer margins are researched from official government customs schedules, central bank publications, and industry sources. Rates are stored in data/pricing-config.json and updated when tax law changes, with source citations and effective dates recorded per entry.
Update Frequency
Gold and silver spot prices update once per day (daily cron at 00:00 UTC). A 7-day price history is stored for the chart on each country page. Exchange rates update with each daily fetch.
Price Display Units by Region
Prices are shown in the unit most commonly used for gold in each region:
| Unit | Regions | Weight |
|---|---|---|
| Gram | MENA Arab countries (18 countries) | 1 gram |
| Tola | South Asia: India, Pakistan, Nepal, Bangladesh | 11.6638 grams |
| Tael | China, Hong Kong, Taiwan | 37.799 grams |
| Troy Ounce | US, UK, EU, Japan, Australia, Canada | 31.1035 grams |
Editorial Standards
Independence. Price data on country pages is generated algorithmically from the sources above and is not influenced by advertisers, dealers, or sponsors.
Affiliate disclosure. The Gold IRA guide and company reviews on this site contain affiliate links. We may earn a commission if you open an account through our links, at no additional cost to you. Affiliate relationships do not influence our ratings or rankings — companies are evaluated on documented fees, minimums, regulatory standing, and customer ratings from verified third-party platforms (BBB, Trustpilot).
Review methodology. Gold IRA companies are assessed on: (1) minimum investment, (2) annual and one-time fees, (3) BBB accreditation and rating, (4) Trustpilot score, (5) IRS-approved custodian and depository relationships, (6) education resources, (7) rollover process speed. All ratings are verified against the company's own published fee schedules and public regulatory filings at the time of review.
Accuracy. We correct factual errors as soon as they are identified. Pricing policy rates are updated when official government sources publish changes, with effective dates recorded. If you believe a price or rate is inaccurate, please contact us.
Zakat calculations. The Zakat calculator uses the 85-gram nisab threshold (Hanafi school) as the most widely adopted standard. We note the alternative silver nisab (595 grams) and the Maliki/Shafi'i/Hanbali position allowing either threshold. Users should consult a qualified Islamic scholar for their specific situation.
Contact
For corrections, feedback, country pricing questions, or business enquiries, use the contact form in the page footer or email [email protected].
For data API usage or widget enquiries, see the Widget page and the GET /api/prices endpoint documented in llms.txt.