Do you want to know how much gold used today is worth? The value of this safe haven is one of the “focuses” of recent months, because the precious metal has seen its price soar in the past few weeks. The particularly unstable international situation has led to a growth in demand and a consequent rise in the price.
However, this race seems to have stopped, and in the weeks closest to us in the past gold has returned to decline and to settle at lower values. This swing will cause far more of a few questions than when to sell used gold. Unfortunately it is not easy to decide. In this article we will tell you how much the gold used today is worth.
Used gold: why is it worth so much?
Gold is starting to be worth much more than the past: it is a fact. If you look at a historical graph of the value you immediately notice that it started from a quota of around 35 euros per gram to settle, over the last year, stably above 50 euros. Projections for the near future say that gold could still take a lot of value. Deciding today whether to sell your gold could therefore have as a counterbalance the possibility that in a few months your gold could be worth much more.
On the other hand, the increase in the value of gold, considered one of the safe haven assets par excellence, indicates an unstable socio-economic situation, with a high risk of inflation, and therefore the money taken through the sale of gold could easily devalue. This is a very delicate choice for which even the most experienced investors may be in doubt about what to recommend. Certainly, the demand for gold is on the rise, and so its price increases proportionally.
Used gold: that’s what it’s worth today
The value of the gold used is measured in carats / gram. The carat of the gold is obviously fundamental to determine the sum that you can get by selling your used to a Gold Buyer. We can say that generally the jewels are in 18-karat gold, while the less valuable objects are respectively 14-karat and 9-karat. Pure gold, the one of greater value, is instead 24 carat.
The current value of 24 karat gold is 55.50 Euros per gram. This is a slightly higher valuation compared to a week ago, when gold had returned to a value of around 53 euros, but lower than in recent months, when it also exceeded 57 euros / gram. The evaluation framework for used gold is completed with the following values: 18 k gold is worth 41.56 euros / gram, 14 k gold has reached the value of 32.39 euros / gram, while 9k currently travels on 18.39 euros per gram. Those who follow us consistently will have noticed that compared to the last article dedicated to the value of the gold used, the prices are slightly up, proportionally with respect to the carat weight.
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