While there are many factors that affect the price of gold, it’s always good to know the basics. Below are some reasons that gold prices could change within seconds:
This makes it difficult to give an exact value since it is ever changing. By the time you read this post and head over to buy or sell gold, the cost will have already changed.
According to APMEX, “The actual retail cost of Gold is the spot, or market price, plus a small premium the dealer charges to cover overhead.” This goes to show that if the spot value changes, so does the overall price.
The market is fairly different for those looking to sell or buy. If you’d like to sell any gold coins or jewelry, you definitely want top dollar for your products. At Gold Knox Jewelry, we track current trends in the market and give you the best value.
We try to make it sound simple, but it’s easier to understand if you leave it to the experts. Stop by or give us a call for an accurate estimate for what your gold is worth.