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How Exchange Rates Affect Gold Buyers

When people think about the price of gold, they usually focus on whether gold itself is rising or falling. For buyers outside the United States, there is another important variable: the exchange rate.   Because international gold is usually quoted in US dollars, a buyer’s local currency can make gold cheaper or more expensive even […]

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Why Local Gold Prices Can Move Even When the Global Price Does Not

It is entirely possible for the international gold price to remain almost unchanged while the price quoted by a local dealer moves noticeably.   That does not necessarily mean the local market is disconnected from the global market. The international price is only the starting point. Local gold prices also reflect currencies, premiums, taxes, availability, […]

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How to Calculate the Pure-Gold Content of Jewellery

A gold necklace can weigh 30 grams without containing 30 grams of pure gold. Most jewellery is made from an alloy, meaning gold is mixed with other metals to improve strength, colour or workability. To estimate the amount of pure gold in a piece, you need two things: its weight and its purity.   The […]

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Gold Karat vs Gold Fineness: Understanding 999, 916, 875 and 750

Gold purity is often described in two different ways. One jeweller may call a piece 22K gold, while another may stamp it 916. An 18K ring may carry a 750 mark. These numbers are not competing standards. They are two ways of expressing how much pure gold is contained in an alloy.   Understanding both […]

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Why Gold Prices in Shops Differ From Online Gold Rates

It is common to check the gold price online, visit a jewellery shop or bullion dealer, and find that the price on the counter is higher. That does not automatically mean the online rate is wrong or the shop is overcharging.   The two prices usually represent different things. An online gold rate is typically […]

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