When estimating Krugerrand price, you should count both spot gold price and premium or markups over spot price. Krugerrand coins doesn’t have monetary value imprinted on them. Krugerrand price is based upon the market value of one-ounce pure gold.

Besides the spot gold price indicated above, you have to add premium for Krugerrands when estimating Krugerrand price. Gold Krugerrands, like Mexican Gold 50 Peso, carry small premiums (5% to 10%) depending on purchase quantity. The smaller premiums are, the more gold you'll get for your money, making Gold Krugerrand an ideal option for small investors.

When gold price fluctuates in the market, the Krugerrand price changes correspondingly. For instance, back in early 2006 when gold prices were around $550 per ounce, you could buy 1 oz Krugerrand for about $550 to $600 each. When gold price jumped to over $1000 per ounce today, the 1 oz Krugerrand price is now over $1000 each too. In other words, Krugerrand price constantly fluctuates as gold prices do in the market place. So you must watch gold prices closely, and decide if it's time to buy, sell or hold krugerrands, anticipating a higher price.

With the world economy in turmoil, you should start looking for a safer and more effective investment to protect your assets beyond stocks and mutual funds. As the most popular gold coin with small premium, gold Krugerrands are often recommended especially towards small investors. The current market trend shows that Krugerrand prices may continue increasing as the gold prices jumping north of $1500, making buying Krugerrand a great investment option to consider.