July 15, 2025 By: Scranton Gold and Silver Buyers

📈 Why Gold Prices Change: What Buyers and Sellers Should Know

Gold has been a symbol of wealth and security for thousands of years. Whether you're investing, buying jewelry, or selling old pieces, understanding why gold prices fluctuate can help you make smarter decisions. Let’s break it down in simple terms.

🟡 What Affects the Price of Gold?

Gold isn’t like a regular product that’s priced by a store. Its value changes constantly based on global economic factors. Here are the most important ones:

1. Supply and Demand

Like anything else, the price of gold depends on how much is available and how much people want it. When demand goes up—like during wedding seasons in countries like India—or when new gold supplies run low, prices often rise.

2. Economic Uncertainty

When the economy looks shaky (think inflation, war, or recession), people turn to gold as a "safe haven." That drives up demand—and prices. Gold tends to hold its value when paper currencies don’t.

3. The U.S. Dollar

Gold is traded worldwide, but it's priced in U.S. dollars. So, when the dollar weakens, gold becomes cheaper for people using other currencies—boosting demand and price.

4. Interest Rates

When interest rates are low, gold becomes more attractive. That’s because gold doesn’t earn interest—so when savings accounts don’t either, investors prefer gold. Higher interest rates usually cause gold prices to drop.

5. Central Banks & Governments

Big players like central banks and governments hold large gold reserves. When they buy or sell gold in large quantities, it can cause prices to spike or dip.

💰 What Buyers Should Know

• Buy when prices dip: Watch the market and look for downward trends before buying. Don’t panic buy during a spike.

• Buy from reputable dealers: Make sure you're getting certified purity (like 14K, 18K, or 24K) and real market value.

• Think long-term: Gold is often a better store of value over time than a quick flip.

💵 What Sellers Should Know

• Know the spot price: This is the current market price for gold per ounce. It's the baseline value of your item.

• Purity matters: The higher the karat, the more your gold is worth. 24K is pure gold, but most jewelry is 10K–18K.

• Get multiple offers: Don’t settle on the first quote. Visit a few buyers to see who gives the best price.

• Understand fees and melt value: Buyers often deduct refining costs or only pay for the gold content—not for craftsmanship.

🔁 Prices Change, But Value Remains

Gold prices move daily, sometimes hourly. But over time, gold has proven to be a stable and valuable asset. Whether you're buying for investment, selling old jewelry, or just curious, staying informed is key to getting the most for your money.

📍Tip: Always check the live gold price before buying or selling. For up-to-date pricing and trustworthy service, visit Scrantongoldbuyers.com or stop by our location in Scranton, PA.

📍 Scranton Gold & Silver Buyers
107 West Market Street, Scranton, PA
📞 Call: (570) 555-1234
🌐 www.scrantongoldbuyers.com