What to include in a gold request for quotation
A complete RFQ saves days of back-and-forth. These are the details that allow a supplier to respond accurately the first time.
A request for quotation (RFQ) is the starting point of most business gold transactions. The more complete it is, the faster and more accurate the response.
1. Product and format
State whether you need kilobars, cast bars, minted bars, coins or granules. If more than one format would be acceptable, say so.
2. Fineness
Specify the minimum fineness — for example 995.0 or 999.9 — rather than a general description.
3. Weight and quantity
Give the weight per unit and the total quantity. For recurring needs, include the expected frequency, such as a monthly volume.
4. Delivery location and timeline
Where should the goods be delivered, and by when? Delivery terms affect both cost and documentation.
5. Documentation and packaging
Note any requirements for certificates, assay documentation or packaging.
6. Company information
Due diligence is a standard expectation in the precious-metals trade. Including your company details helps the process start without delay.
A clear RFQ is not only faster to answer — it also produces quotations that can be compared fairly.
Ready to submit a requirement? Use our request a quote form.