Precious metals quotes at Sberbank. Precious metals (Sberbank): prices

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

One of the most profitable investments is the purchase of precious metals such as gold, silver, platinum, palladium. This has been the case for many years and remains so today. In the context of the economic crisis, this option is even more relevant. When the market is volatile, the prices of other types of investments, such as real estate or stocks, fluctuate unpredictably, and there is probably no better way to save and grow finances.

However, in order to successfully invest and not lose your hard-earned money, you need to have a good understanding of pricing schemes in the field of precious metals and understand quotes. On the official website of Sberbank of Russia, you can always find information about the quotes of platinum, palladium and silver. Precious metals in Sberbank can be purchased from your personal account.

Investment options

One of the most popular methods of investing in precious metals in developed countries is the purchase of jewelry, namely jewelry. But this, of course, is far from the only way to invest. There are much more profitable and effective types.investment. If the price of a precious metal tends to rise, then you can buy ingots from it, coins or various securities. Below are the main types of deposits in precious metals.

Options and futures

This includes fixed term contracts backed by gold. As in the option with securities, the use of futures or options can both bring a significant increase in funds and lead to losses. This method is common both among those who produce gold and want to insure against unexpected price spikes down, and among speculators.

If you just want to profitably invest as safely as possible, then this method will not suit you. How to buy precious metals in the Savings Bank of Russia, we will clarify below.

Securities backed by gold

These are ordinary shares of mining and gold mining companies. They are absolutely not immune from falling prices, but under certain circumstances (when there is a price increase) they will bring dividends to their owner. For long-term investments, this option is not suitable, as it rather serves as a way to trade.

Metal bills

Many banks of the Russian Federation offer their clients this type of deposit. When buying, world prices for precious metals or quotes of the Central Bank of Russia are taken into account. When an account is closed, settlement takes place at the prices at the time the account was cancelled. Depositor on an account opened for oneyear, receives up to five percent per annum.

Gold bars

This investment method is the most understandable and accessible type of investment in precious metals. Moreover, the forecasts for today are favorable regarding the growth of gold prices. Prices for precious metals in Sberbank are of interest to many.

Gold coins

No matter how paradoxical it may sound, but a profitable way to invest money is to buy money. This is not about buying currency, but rather about acquiring expensive numismatic or precious metal coins. This is a good and compact alternative to gold bullion. When determining the value of a coin, the amount of precious metal contained in it, its age, mintage and the state in which it is sold are taken into account.

So, let's take a closer look at exactly how to buy precious metals at Sberbank

Sberbank of Russia occupies a leading position in the precious metals market today. It offers the following ways to invest in this area:

• Collection, commemorative gold and silver coins.
• Accounts linked to precious metals quotes. They can be silver, gold, palladium or platinum.
• Precious metals bullion, also available in four varieties.

It makes sense to monitor the market for price quotes for precious metals in order to invest your funds at the most appropriate and favorable moment. The cost of precious metals in Sberbank can be clarified at anybranch of a financial institution.

How is value generated?

Prices for precious metals in Sberbank are formed on the basis of indicators of the Central Bank of Russia, prices on world trading platforms and average prices across the country. Prices for precious metals can differ even in different branches of the bank. The reason for this is that the leaders of each individual department can change the cost. Therefore, when buying or selling, you should conduct a comparative analysis of prices for several branches and make a choice in favor of the most advantageous offer.

The cost of a coin is determined by several factors, namely: the value of the metal contained in the coin, its collection value, mintage and even design. Coins of such a plan usually grow in price over time, so acquiring them means making a profitable investment. Among other things, such a coin can become a memorable gift or a souvenir. Coins from Sberbank are sold in special cases, have a certificate of authenticity, which indicates the quality of the metal (sample) and mintage.

Information support

It is very easy to find out the current prices for precious metals in Sberbank. Updated data is regularly posted on the bank's website, but this is far from the only source of information on the Internet. It can be found on many online resources. You can also get all the necessary information directly at the branch from a deposit consultant or by calling the Sberbank hotline. Financialwhen setting prices, the institution focuses on world trading platforms, but exchange rates, which have recently shown instability, invariably affect the cost of precious metals. It is for this reason that you need to be very careful about monitoring quotes in order to choose the most favorable moment for investing.

It is also possible to purchase precious metals at Sberbank through OMS. It is worth considering the fact that quotes do not guarantee a purchase or sale at a specified price. This is due to the fact that the branch has the right to change prices (with certain restrictions), as well as to introduce commissions for operations with precious metals. The price of gold bars may change during the inspection of each bar. Even a small scratch on the surface can reduce the price of it. With coins, it's different. Here, rather, mintage is decisive for the price, as coins of this type are sold in perfect condition.

Purchased precious metals are recalculated into rubles based on the US dollar exchange rate, which is fixed on the day following the price setting day. The recalculation method is called “gold fixing” in the financial sector and is used in various accounting and credit organizations. This pricing method has been used on the London Interbank Exchange daily since 1919.

The rate of precious metals in Sberbank often changes. As of September 2017, the prices in this financial institution are as follows (in rubles):

• For gold: 2,314.00 - buy, 2,577.00 - sell.
• For silver: 31, 01 - buy, 34, 53 - sell.
• For palladium: 1,639.00 - buy, 1,826.00 - sell.
• For platinum: 1,743.00 buy, 1,940.00 sell.

Cash metal

Ordinary savers, who want to profit from buying or selling precious metals, rarely have a thorough understanding of the process of world price formation. But it is precisely on the basis of the indicators of world trading floors that the quotes of the Central Bank are formed, followed by Sberbank. The cash metal market offers not only well-known and widespread metals, but also alloys, and various stages of processing: copper, nickel, zinc, lead, aluminum, etc.

The price of cash metal, according to the law of any market, depends on supply and, accordingly, demand. In today's environment, when one economic crisis follows another, when military conflicts are growing in different parts of the world, it is quite understandable that a person wants to find a reliable and stable way to store cash. In this way, a contribution to precious metals in Sberbank can become. It is better to clarify the course in advance.

London Precious Metals Exchange

The Central Bank of Russia is also based on the indicators of the London Stock Exchange. Bankers created it in 1877 in response to the rapid industrialization of Great Britain. Even today, it helps to maintain stability in the metallurgy of England, being in close and mutually beneficial cooperation with the latter. World prices for metals are set twice a day - in10:30 and at 15:00. This is called morning and afternoon fixing. The cost in other countries is based on the London Stock Exchange, but with certain adjustments depending on the purity of the sample and the price for transporting the bar. Ingots, the weight of which does not exceed one kilogram, are not accepted for international auctions. Quotes for precious metals in Sberbank also depend on this.

There are no customs or tax barriers on the London Stock Exchange, the participants themselves determine the rules of the exchange. It is on it that the largest deals are signed. Within the country, prices are regulated by the state through the introduction of quotas, excise taxes and special tariffs. Some countries close their markets for precious metals, prohibiting export and import into the territory of the state.

The market of precious metals (Sberbank operates at retail) can be both retail and small or large wholesale. It all depends on the number of intermediaries between the producer and the final investor (in the wholesale version, metals are purchased by large companies, which then sell them further). The precious metals market is dominated by gold mining companies, central banks, dealers and consumers. We examined deposits in precious metals at Sberbank. We hope you find the information useful.