Amazon Spring Sale: A Season of Spectacular Savings
Trending Best Sellers

Understanding Gold Prices – Gold Jewelry vs Gold Coins

Trending Best Sellers

In the international markets Gold prices are always related to the U.S.dollar. The bench mark price on any given day is guided by what is known as the ‘London fix’, which is the price determined by the London bullion market after taking into consideration various factors prevailing on a given day.  The London bullion market releases the ‘London Fix’ twice on all working days.  This rate is converted to price per ounce in US $ using the currency exchange factor prevailing on the day. When you are trading in gold it is important to understand this relationship between gold prices and US dollar currency movements.

gold price chart for 30 years

Different market segments

Various formats and denominations are used to offer gold to market segments that are distinct from one another.  While large buyers like Central banks around the globe and financial houses would be trading in terms of tones, for the small and medium scale investors/traders, gold is offered in a range of packages beginning with as low as 1 gram and going up to 400 troy ounces (about 12400 grams). Apart from this, you will also find gold coins offered by mints, commemorative coins offered by governments and numismatic coins (old and rare coins, often of vintage origin). When you embark on gold shopping, it is essential that you have a firm grip of these market segments.

Pure gold

Pure gold is offered in 24 karats and investors can pick up any quantity ranging from 1 gram upwards. The format of the offering is either coins or bars (bars may be called biscuits in some parts of globe). Tamper proof packaging carrying the identity of the mint/producer is your guarantee of quality. However, when you are buying one or more ounces of gold, you can also ask for a certificate from the relevant mint and this comes in handy while selling the gold. Due to fragileness, pure gold is not used to craft jewelry.


Gold Jewelry

Pure gold is brittle and is therefore mixed with metals such as copper to afford workability while producing jewelry products. The gold obtained after mixing other metals is often tendered as 22 karats gold or lesser depending on the ratio between gold and other metals. The purity of 22 larat gold is generally 91.7 % and when you see a lower karat number, the purity of gold drops correspondingly. In modern times, electronic gadgets are available in most markets to help you determine the karat value of the gold you are buying and therefore the right price in relation to spot gold prices on the given day. Gold prices are measured by the purity of the gold, Karats.


Gold Coins

Another form of investment in gold is, gold coins. Most of these coins are issued by governments as commemorative coins or special coins minted as limited edition coins. A few centuries ago, gold coins were minted as currency and the practice has been stopped after gold prices moved up sharply. These coins are available generally for a brief while and the limited edition adds further value to it. The issue price of these coins is always at a premium to the ruling spot price of gold. Some gold mints also issue coins at intervals, but the numismatic value of these coins pitch lower compared to the commemorative coins issued by governments.

Most people collect gold coins for the numismatic value.  Oldest gold coins are rare though you may find some of these coins listed for sale at e-commerce platforms like e-bay. This business is pretty tricky except when you are a seasoned coin collector yourself. You can learn more about numismatic coins by using the power of friendly search engines like Google.

In a few countries, gold has a different facet. Especially in countries like India, purchasing gold is a tradition and also a reflection of the social status. However, due to fluctuation in the gold prices, “buying gold” has been changed to “investing in gold”. Irrespective of the form of gold investment, gold has its value.

To enhance your knowledge about gold prices, and other facts that influence the volatility in gold prices, you should invest in quality time reading several useful articles and price movement charts such as at Kitco.


More about Gold!

Gold Investment

Gold Jewelry


What you think?

Recent Articles

  1. Amazon Spring Sale: A Season of Spectacular Savings

    Mar 18, 24 08:38 AM

    Amazon Spring Sale: A Season of Spectacular Savings

    Read More

  2. Understanding Nose Piercing Types: A Guide for Teens

    Mar 16, 24 09:19 AM

    Explore the rising trend of nose piercings among teenagers, understanding the various types and their cultural implications for a stylish appeal.

    Read More

  3. Infected Nose Piercing

    Mar 16, 24 09:18 AM

    You can expect symptoms of infected nose piercing to resemble any other kind of body piercing infection.

    Read More

  4. Riche Niche: Health | Lifestyle | Fashion | Marketing | Technology

    Mar 16, 24 09:12 AM

    Our Riche Niche blog is the easiest way to stay up-to-date with the latest news, trends and articles published on this site.

    Read More

  5. EMS manufacturing services in Malaysia

    Mar 09, 24 10:33 PM

    Malaysia is one of the leading countries in Southeast Asia that offers EMS manufacturing services to both local and international clients.

    Read More

  6. Laundry Business: The Need for Payment System Upgrades

    Mar 08, 24 11:14 AM

    Discover the benefits of upgrading your laundry business's payment system. Enhance efficiency, increase profits, and improve customer convenience.

    Read More

  7. Nose Peircing Store

    Feb 18, 24 02:38 AM

    A collection of latest at our nose peircing store.

    Read More

  8. How to Choose the Right Coffee Maker for Your Needs

    Feb 18, 24 02:12 AM

    BLACK+DECKER 12-Cup Digital Coffee Maker
    We'll compare the pros and cons of four common types of coffee makers: drip, French press, espresso, and vacuum. We'll also give you some tips on how to choose the right one based on your preferences…

    Read More

  9. Emulate Celebrities with Nose Piercings

    Feb 06, 24 08:13 AM

    Discover the celebrities with nose piercing and get inspired for your next piercing! From studs to septum rings, our list has it all. Read more!

    Read More

  10. Types of Nose Rings

    Feb 06, 24 08:11 AM

    Types of Nose Rings

    Read More

  11. Is my nose piercing ring is sinking in?

    Feb 06, 24 08:10 AM

    nose piercing ring sinking in.jpg
    Is my nose piercing ring is sinking in? Or just swollen?

    Read More

  12. Dry Herb Vape Pens-Discover the Advantages of Malaysian Made

    Feb 04, 24 12:39 PM

    Choose our non-China dry herb vape pen for its high production standards, strict quality control, and excellent craftsmanship.

    Read More

  13. Trinity Nose Ring A Unique Fashion Statement

    Feb 03, 24 08:36 PM

    Explore the world of trinity nose rings, a unique piece of jewelry that adds elegance and style to your look. Understand the different types and choose the right one for you.

    Read More

  14. Redefining Beauty: The Rise of Nose Piercing Trend in the USA

    Feb 02, 24 08:34 AM

    Explore the evolution of the nose piercing trend in the USA, from ancient tradition to modern expression of individuality.

    Read More

  15. Introducing a Healthier Alternative: The Nicotine Free Vape

    Jan 27, 24 09:37 AM

    Expand your customer base with our nicotine free vape, a healthier alternative to conventional vaping, compliant with international standards.

    Read More