Definitions for "Buying Rate"
When you buy goldgrams or silver ounces, you will receive the rate quoted by GoldMoney at the time of your purchase if the amount being bought is within the Daily Limit, provided we receive your payment within two business days. If we do not receive your payment within two business days or if your buy order is larger than the Daily Limit, your purchase price is based on the first London PM Gold Fix or London Silver Fix after we receive your payment.
The rate at which a bank buys the quoted base currency.
See also Bid Price The Buying or Buy rate is the rate at which you can buy in the market place, determined by the buyer and seller.