Price Ranges for Bullion Merchants

The price ranges for bullion merchants can vary widely based on factors such as the type of precious metal being bought or sold, the current market prices, and the dealer's pricing policies. In general, bullion dealers typically charge a premium above the spot price of the metal to cover their costs and generate profit.

For gold bullion, the premium can range from 5% to 10% or more, depending on the product's purity and demand. Silver bullion premiums tend to be higher, ranging from 10% to 20% or more. Platinum and palladium bullion premiums are also variable but generally fall within the range of 5% to 15%.

It's important to compare prices from different bullion dealers to ensure you are getting a competitive offer. Additionally, keep in mind that buying in larger quantities can sometimes result in lower premiums per ounce.