ACTUAL

The price of gold and the reasons for the fall in prices and advice for investors

The last days have been marked by a significant decrease in the value of gold in Ukraine. The main causes of fall in prices include the strengthening of the hryvnia, the decrease in demand among investors and the decrease in world quotations.

  1. Hryvnia strengthening : a stable national currency rate directly affects the prices of imported goods, including precious metals.
  2. Demand Reduction : Investors are looking for alternative assets because of the current economic situation.
  3. World market : the price of gold falls due to the expectation of increasing the rates of central banks, which makes the storage of gold less profitable.

Purchasing prices from the National Bank of Ukraine:

  • Banking gold (highest test): 3 350,95 UAH/g.
  • Gold that needs quality : 3 340.90 UAH/g.
  • Gold that does not meet the standards : 3 317.44 UAH/g.

Purchasing prices for scrap of gold:

  • 333 sample : 1 104.71 UAH/g.
  • 585 sample : 1 940.70 UAH/g.
  • 999 Sample : 3 314,12 UAH/g.

The average price of gold in pawnshops:

  • 333 Sample : 1 045 UAH/g.
  • 585 Sample : 2 005 UAH/g.
  • 999 Sample : 3 295 UAH/g.
  1. The condition of the product : jewelry without damage can cost more than scrap.
  2. Gold type : High sample products (585 and above) are more expensive.
  3. The right choice of buyer : contact proven pawnshops or companies that offer current market prices.

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