How Much Is the Pluang Gold Spread?
The Pluang gold spread has no fixed size: Pluang uses a floating spread, which replaced the fixed spread it used before, so the gap between the buy price and the sell price changes from time to time instead of staying at one published figure. The spread is simply that gap. You buy at the buy price, you sell at the sell price, and the mid price sits between the two as the reference used to value your holding. The spread is built into the prices you see rather than charged as a separate line. To see the spread at any moment, compare the two prices before you confirm: the buy price is on the review screen when you buy, and the sell price is on the gold asset page and on the review screen when you sell. Because the spread floats, check both prices each time rather than relying on an earlier figure.
The three gold prices
| Price | What it is | Where you see it |
|---|---|---|
| Buy price | The price you pay per gram when you buy | On the review screen when you buy |
| Sell price | The price you receive per gram when you sell | On the gold asset page and on the review screen when you sell |
| Mid price | The midpoint between the buy and sell price | At the top of the buy screen, and in the value of your holding |
Floating, not fixed. Pluang Gold used a fixed spread in the past and now uses a floating spread for both the buy and the sell price. That is why no single spread figure is published: the gap you see today can differ from the gap you saw last week.
Not a hidden fee. The spread is part of the prices shown to you before you confirm, so nothing is added afterwards. It is separate from the 0.15% third-party fee on purchases (plus 11% VAT on that fee); sales carry no third-party fee.
What it means right after you buy. Your holding is valued at the mid price, which is below the buy price you paid, so it shows slightly less than you paid straight after a purchase. That gap is the spread at work, not a fall in the gold price. The article “What is the minimum to buy gold on Pluang?” (GOLD-PROD-G-004) explains it in more detail.
Related questions:
Q: Is the gold spread fixed or does it change?
It changes. Pluang moved from a fixed spread to a floating spread, which applies to both the buy price and the sell price, so the gap between them is not the same every time you look. Pluang does not publish a single spread figure for this reason. The prices on the review screen are the ones that apply when you confirm, so the most reliable way to know the spread for your transaction is to check them just before you swipe up.
Q: Is the spread a fee?
Not as a separate line item, but it is a cost of trading: it is the difference between what you pay when you buy and what you receive when you sell, built into the two prices. It is separate from the 0.15% third-party fee on purchases, which goes to ICDX and ICH and carries 11% VAT on the fee. Sales carry no third-party fee, so on a sale the spread is the cost built into the price you receive.
Q: How do I check the current buy and sell price for gold?
Open Search → Gold. The sell price is shown on the gold asset page, and the figure at the top of the buy screen is the mid price, a reference rather than the price you pay. For the exact prices, start a transaction: tap "Buy", enter an amount and tap "Review Purchase" to see the buy price, or tap Sell and review the order to see the sell price. Nothing is bought or sold until you swipe up to confirm.
Q: Why does my gold look worth less right after I buy?
Because your holding is valued at the mid price, while you bought at the buy price, which is higher. The gap between the two is part of the spread, so straight after a purchase your gold shows slightly less than you paid even if the gold price has not moved at all. Your number of grams is exactly what you bought and does not shrink. From then on, the value of your holding moves with the gold price.