The investment world is on high alert for what is happening to used gold. Over the last few months, the international situation has led to a sudden growth in investments in this safe haven asset, which has only slightly decreased in recent weeks. Unfortunately, we must underline that the Russian-Ukrainian war has a significant weight in the growth of the value of gold.
If you are wondering if this is the absolute best time to sell your used gold, you need to know that there are several evaluations to make. The value is very slightly down compared to a few weeks ago, and it is expected that in the medium-long term (a few years, ed) it may then grow further. In this article we try to better explain what is happening to used gold and why there is so much talk about it lately: you will then find the current valuation of used gold.
Used gold alert: what is happening
There is a general warning around gold used for one simple reason: investments in this safe haven are increasing and the signal can be interpreted in multiple ways. On the one hand, the increase in these investments is the certification of a period of uncertainty as regards “classic” investments in other assets. And therefore it can increase concern for the near future.
On the other hand, this will lead many people in possession of used gold to dispose of their objects to take advantage of the favorable contingency to snatch a higher figure from their valuables. Therefore, obtaining a correct valuation of your used gold is essential in this moment in which gold has reached much higher quotas on average than in the recent past.
Used gold value: how much is it 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 53.91 Euros per gram. This is a slightly lower valuation compared to a month ago, when gold also exceeded 57 euros per gram. The evaluation framework for used gold is completed with the following values: 18 k gold is worth 40.37 euros / gram, 14 k gold has reached the value of 31.46 euros / gram, while 9k currently travels on 17.86 euros per gram. Those who follow us will have noticed that compared to the last article dedicated to the value of gold used, the prices are slightly down, in the order of euro cents.
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