Precious metal pricing is an important part of our business here at MGS. We’re tapped into the market to stay on top of pricing trends so we can give the fairest, most accurate payouts possible. To those ends, we’ve updated our precious metals prices page with a brand-new, dynamically updated price chart.
The prices in the chart are based on the London Fixing – the worldwide authority on benchmark precious metal prices. The price fix for gold is conducted daily at 5:30 am and 10 am (US EST). The silver fix is conducted only once per day at 7 am. The platinum and palladium fixings are set daily at 4:45 am and 9 am. New York’s exchange rate is confirmed at 10:30 a.m. each business day, set to the second London fix for gold. From there, supply, demand, and other local economic factors can cause the price to fluctuate. All of these prices and their changes are updated on the chart. This is perfect for our local customers – who can use the chart to quickly and easily get a payout estimate.
Of course, we are also happy to provide precious metals prices over the phone. Our payouts are among the highest in the industry, and if you recycle your precious metals with us, we can wire payment to you on the same day in most cases. For precious metal lots large or small, call us today at 212-398-1454, or use our email form.