Why Prices at GOLDU Change Every Three Minutes
You may have noticed that the price of the same bar or coin on goldu.cz is not the same from day to day – or even from hour to hour. This is not a mistake: our prices are loaded automatically and updated every three minutes according to current developments on world markets. Here is why, and what it means for you.
Why gold and silver prices fluctuate constantly
Gold and silver have a global market price (the spot price) that changes practically non-stop – the markets trade almost around the clock, five days a week. The price is affected by supply and demand, the economy and geopolitics. For prices in other currencies, the exchange rate against the US dollar also plays a role, because precious metals are quoted in US dollars.
Our approach: automatic updates every 3 minutes
To keep our prices as close as possible to market reality, we do not set them by hand. The system recalculates them automatically every three minutes based on the current spot price and exchange rate. The price you see on a product therefore always reflects the market at that moment – not yesterday’s situation.
What this means for you
- A fair, current price – you pay according to the real market, not an outdated price list,
- Transparency – the price responds to the metal’s movement in both directions, up and down,
- No surprises – you always see the current price on the product before you buy.
Which price applies to my order
What counts is the price at the moment you complete your order. Because the market moves, the price may change slightly between browsing and completing your purchase. The binding terms are in the General Terms and Conditions and the Delivery and Payment Terms.
Tip: watch the price per gram and the premium
Besides the spot price, the final price also includes the premium over the metal price, which varies by weight and product. How to read it and compare offers is explained in the article Premium on gold: why the price per gram differs. Small swings in the spot price are also smoothed out nicely by buying regularly – see Buying gold regularly.
Frequently asked questions
How often do prices change on goldu.cz?
Automatically every three minutes, based on the current spot price of gold and silver and the exchange rate.
Why did the price change before I completed my order?
The market moves continuously. If the spot price moves between browsing and completing your purchase, this is reflected in the price. What counts is the price when the order is completed.
Does the buyback price change too?
Yes, buyback prices are also based on the current market price of the metal, so they too respond to market developments.
Conclusion
Automatic price updates every three minutes mean you always buy from us at the current market price – transparently and fairly. The e-shop’s terms and conditions are binding. Browse our investment gold and silver.
About the author
Natálie Pokludová – without whom everything at GOLDU would grind to a halt, stop working and never get finished. While the others come up with ideas, she makes sure things actually run. Someone has to drive the car.
