
Perth Mint of Australia – Buying Gold coins?
Hello, I look at the Perth Mint website and found the gold coin as follows: 22 carats, 7.9881 grams/0.2354 oz, 91.67% purity and $ 25 denomination The price of this gold coin is 649AUD is the reasonable price of money according to the current gold price? As I read on the Internet that 1 gram of gold = 39AUD what the price is mentioned twice, as it assumes that if so did I miss something? \ Thanx PS. The currency is a sovereign state
Let's define some terms: the value current 1-ounce (31.1 grams) of gold should be AUS $ 1220.80, therefore, 1 gram of pure gold is currently worth approximately AUS $ 39.25. 22-karat (91.67% purity), Total weight 7.9881 grams (0.2354 Troy Ounce) bullion. Gold bullion coin value you describe is AUS $ 287.40. According to your question, the currency has a price a value more than gold twice. I hope that helps.
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