Current 9ct Gold Price per Gram
This guide is designed to give you all the information you need about the current 9ct gold price per gram so you can decide whether selling 9ct gold for cash is right for you.
As with the price of any commodity, 9ct gold prices are driven by the first rule of economics, supply and demand. There are, however a number of factors which make buying and selling 9 ct gold different to other commodities.
Gold will never go bad, it will never be upgraded and it will very rarely be discarded (based on estimations that approximately 80% of mined gold is still out there).
In recent years, one of the main reasons the 9ct gold price has risen is due to international affairs and the money markets. As currency, stocks and shares are volatile, we now look for investments that won’t lose their value and the price of gold is one such investment.
In general, over the last ten years 9ct gold prices have been climbing steadily and now could be the time to sell your gold for cash.
- Gold is insoluble in nitric acid which is used to dissolve silver and base metals, a test used to confirm the presence of gold in items, hence the term ‘acid test’
- Throughout history, nearly 165,000 tonnes of gold have been mined. If it was condensed, it would form a cube 20.5 metres on all sides
- The world consumption of new gold is around 50% for gold jewellery, 40% for investment purposes and 10% for industry, such as dentistry and electronics
The carat rating of gold affects the value, usefulness, strength and colour. Gold purity is measured in a total of 24 units, or carats. Pure gold is 24 carats, i.e. 24 units out of 24 units.
Therefore, 9ct gold is 9 parts gold and 15 parts other metals (usually copper or silver) so it therefore has a purity of 37.5%.
Current 9ct Gold Price per Gram
At the time of writing (February 2013) the current 9ct gold price per gram is around £12.50 depending on where you go. Of course, as with any advice we give, it’s worth shopping around not just for the best prices for your 9ct gold, but for sites that are reputable and reliable, like 62days.com.
You will often see gold prices quoted in ‘troy ounces’ and one troy ounce is equal to 31.1g so all you need to do to calculate the price of gold per troy ounce is multiply £12.50 (or your quoted amount) by 31.1 and you arrive at a figure of £390 (again, at today’s rate).
Future Gold Prices
Predicting the future price of 9ct gold is notoriously hard. Some market analysts suggest the price of gold will peak toward the middle of 2013 so buy now; some say it has peaked, so sell now. As with all markets, no-one can know for sure and you have to make up your own mind as to what you think the price of gold will do.
9ct Gold Prices Online
If you are looking to sell, one of the best ways to determine the value of your gold is by going to reputable online sites like 62days.com.
- We give you a fast and easy way to value your 9ct gold and to sell gold items – we are secure and all quotes, collections and deliveries are 100% FREE.
- Every transaction you make with us is backed by TRUSTe, the internet’s leading online privacy provider.
- Once you sell your 9ct gold to us, you have 62 days to decide if you’ve made the right decision and to buy back your gold items for precisely the same prices you sold them for, with NO HIDDEN OR STEALTH FEES at all.
- For a fast quote and the latest 9ct gold prices, upload a photograph of your gold items.
- 62days is an online business and we have low overheads so we can give our customers very competitive 9ct gold prices.
- We use 100% secure payment facilities including PayPal, Google Checkout, Neteller, Moneybookers and directly into your bank account.
- Your items are collected and delivered by FedEx and are fully insured while in transit.
What You Should Do Now
If you’ve decided you’d like to find out more about 9ct gold prices, or if you’d like to see how much you could get for your gold items instantly with an expert quotation from 62days, simply upload your item now for a quick and simple online quote.