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Scrap Gold Price and its Market - A Review

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by - 8/11/2011 5033 Views

The precious metal's demand in the scrap market


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Thursday, August 11, 2011 (11:21:20 AM) : The latest trend in the scrap market is the trading of scrap gold which is gaining more and more revenue nowadays because of the rise in gold prices as well as the global economic market. All kinds of recyclable gold jewellery are of much demand in the market which has caused its hike in prices also.
Any types of used gold including chains, anklets, earrings, coins, fashion jewelry, damaged jewelry, old watches, gold dental scraps, hallmarked or non-hallmarked gold, everything are of good value. And another noteworthy point is that, even though all gold from 9ct to 24 ct fetches good value, the 24ct gold is of really very valuable and expensive worth.
Gold is measured in grams for weight and carat(ct) for its value of purity. Generally, its known that 24ct is 99.9% pure gold and 12ct is almost 50% of the pure alloy. A recent analysis states that, 9 Carat Scrap Gold is worth £12.50/g, which indicates the solid market of gold worldwide.
After all, it is very obvious that people will be very much interested in selling their old gold since they can settle this precious asset of theirs into valuable currencies which is the vital element necessary for the survival in this modern world.

Category : Metal

Tags : Metal Scrap,


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About Jenisha

I am the Business Development Manager of RECYCLEINME.com which is a universal scrap portal since 2002. I deal with all the inquiries made at RIM and support our clients as much as I can to improve their scrap business. And am seriously engaged in the work of analyzing the current scrap ma .... more info

Comments


 
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I'm shocked that I found this info so esaily.

 
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A pleasingly rational anwesr. Good to hear from you.