The Current Gold Price
Checking the current gold price is very easy! Most of the US uses the New York Spot price as the current market price for gold. This gold price (or spot price) can be easily found by visiting Kitco.com.
Many people try to time the market and only sell their jewelry when gold is "high". This can be very frustrating and sometimes fruitless. Keep in mind that the gold price is measured in full ounces - most people have MUCH less than a full ounce to sell. This means that any change in the gold price is further diluted by the smaller amount of gold you have to sell. On top of that most gold is 14kt which is 58.5% pure. The change is gold price is further diluted 41.5% by the other alloys in the gold.
The final step in getting ready to sell your gold is to calculate the value of your gold.
Many people try to time the market and only sell their jewelry when gold is "high". This can be very frustrating and sometimes fruitless. Keep in mind that the gold price is measured in full ounces - most people have MUCH less than a full ounce to sell. This means that any change in the gold price is further diluted by the smaller amount of gold you have to sell. On top of that most gold is 14kt which is 58.5% pure. The change is gold price is further diluted 41.5% by the other alloys in the gold.
The final step in getting ready to sell your gold is to calculate the value of your gold.