Gold has fascinated humanity for millennia. From royal ornament to valuable investment, this precious metal has always played an important role in human society. But how is the price of a gold object determined? In this article, we will explore the different variables that come into play in setting the price of gold.
1. International gold market quotes
The price of gold is strongly influenced by the prices of international gold markets, in particular by the bullion price, also known as the "spot price". This price is set by major gold trading centers, such as the Bolsa de Metales in London and the Chicago Mercantile Exchange. These prices are influenced by macroeconomic factors, such as the performance of the global economy, currency fluctuations and geopolitical tensions.
2. Weight of the item in gold
The weight of the gold object is obviously a key factor in defining its price. The greater the weight of the gold used to create the item, the greater its intrinsic value. Weight is generally measured in troy ounces or grams.
3. Purity of gold
The purity of gold is expressed in carats (kt) or as a percentage. Pure gold is 24 karat, which means it is made up of 100% gold. Commonly used gold items are often made of 18, 14, or 10 karat gold, which contains a lower percentage of pure gold, mixed with other metals to provide strength and durability. The purity of the gold will greatly affect its value.
4. Design and aesthetic factors
In addition to the intrinsic value of gold, gold objects can have added value due to their design and aesthetic factors. Gold artwork, vintage items, or pieces made by renowned designers can be worth more than the price of the gold itself.
5. Supply and demand
The basic law of economics, supply and demand, plays a fundamental role in defining the price of gold. When demand for gold exceeds supply, prices tend to rise, while when supply exceeds demand, prices can fall. Factors such as financial crises, economic instability and the perception of gold as a safe haven can significantly influence supply and demand.
6. Local market conditions
Local market conditions can also influence the price of gold items. The availability of buyers and sellers, local laws and regulations, as well as taxes can help define the final price of a gold item.
In conclusion, the price of a gold object is the result of a complex interaction between variables, including international gold prices, weight, purity, design, supply and demand, and market conditions. locals. If you are considering buying or selling gold items, it is important to have a thorough understanding of these factors to get the best deal possible. Gold remains an attractive investment option and a symbol of beauty and wealth that continues to capture the imagination of many people around the world.
in-depth analysis on pages 19 and 20 of the following pdf: I_Metalli_La Scienza delle Pulizie_CC2022.pdf (feltrinellieditore.it)