How can I find out what the gold rate or silver rate is?

 
At many websites on the internet the gold rate can be followd from minute to minute. The gold rate is expressed in dollar per ounce, or – in Europe – in euros per kilogram. Here you can find the current rates of gold and silver:

              

 
The rates you can find on the internet are so called speculative rates, which means the price of high quantities of pure gold on the different exchanges around the world. The purchasing price of old gold in smaller quantities is of course lower than this speculative rate. The reason is, that old gold and jewelry first have to be seperated from the other metals in the alloy during a melting process. A second reason for the difference in price is of course the difference in quantity, a situation compared to the difference between wholesale prices and retail prices of other products.
 
For this reason, not a single gold buyer will pay you the speculative gold rate you find on the internet. Some gold buyers of pawn shops advertise with these rates. We regard this misleading and therefore do not do this. We do not want to stunt with high, unrealistic gold prices that you do not get paid in reality. Our mission statement is “fair about gold” and therefore we pay you a reasonable price on the basis of the current gold rate or silver rate. We tell you exactly which rate we use and are very open over the fact that we have to gain something from it ourselves as well in order to be able to offer the service of gold purchase. And of course, our rent and other expenses also have to be paid.
 
Have you received an attractive and serious offer for your gold or silver elsewhere? Visit us and we will consider if we can offer you an even more attractive price for your gold.

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