Transparent Pricing: How Gold Market Value Affects Your Commission
At BY TONIN, we work exclusively with solid gold. Because it is a globally traded metal, its value changes daily.
We source our materials in real-time for every commission, which is why our bespoke quotes are valid for 24 hours. This ensures your pricing is accurate and reflects the current market, rather than an estimated or inflated cost.
Understanding the Spot Price
The "spot price" is the current market value of gold for immediate delivery. This rate shifts constantly based on several global factors.
Economic Shifts
Gold has historically been viewed as a "safe haven" asset. When global markets face volatility or inflation rises, investors flock to gold to protect their wealth. This surge in demand drives the price upward. Conversely, during periods of high economic confidence, gold prices may soften as capital moves toward higher-risk investments.
Currency Fluctuations
Gold is traded in US Dollars (USD). For us in New Zealand, the strength of the NZ Dollar against the USD matters. If the NZD weakens, the cost to source gold locally can change, even if the global price remains the same. This affects the final quote for a bespoke engagement ring or solid gold band.
Central Bank Reserves
Central banks hold significant quantities of gold. When a major central bank decides to increase its reserves, the sheer volume of the purchase can cause a ripple effect across the entire market, tightening supply and increasing the cost for independent makers and jewellers.
Our 24-Hour Quote System
We calculate the exact weight of gold needed for your design, and use a 24-hour window to remain precise.
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Fairness: You pay the true market value of the gold at the time your piece begins production.
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Integrity: Sourcing based on live rates allows us to provide solid gold jewellery without adding extra margins to cover potential market drops.
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A Permanent Asset: 9ct, 14ct, and 18ct solid gold holds its value.
Starting Your Bespoke Commission
When you receive a quote from us, it is a transparent reflection of the current market, tailored to a piece made to last.
To begin your process, get in touch to discuss your design. Once we provide a quote, you will have 24 hours to confirm and secure the current market rate for your commission.
