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Gold Scrap prices on 26 January 2009 (Time-4:37PM)

9ct(375)=£7.284GM

18ct(750)=£14.567GM

22ct(950)=£17.792GM

But gold prices are up and down all the time,But in 2009 the price of gold is the best its been in years so cash in ;)

you can try this website its OK for gold prices also there are some important information about gold in general

http://gold-price-blog.info

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Q: Finally on 2009 what is the real price of gold?
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What is nominal price and real price?

Real price is in a mud nominal price is in your FACE


The gold price is impacted by what?

The price of gold is ultimately driven by the Supply & Demand theory. When the demand for gold exceeds the supply the price goes up. Yearly 2500 tonnes of gold is mined all around the world and the demand for gold is approximately 3500 tonnes. This means the demand for gold is a 1000 tonnes more than what is being mined all over the world. This translates into a steady increase in demand as well as the price of gold. In general gold becomes a very favorable investment option during some situations like Economic Crisis, Depression, Recession etc. During these periods the returns on investment on other forms of investments like Stocks, Mutual funds, Real estate etc is negative. During such times the demand for gold goes up heavily. People take out their investment in other avenues out of fear of loss and invest into safer avenues like Gold or bank deposits. This causes the price of gold to go up drastically. The price of gold per 10 grams has gone up by nearly Rs. 1000/- in the last 6 months.


What is the difference between constant opportunity cost and increasing opportunity cost?

Real cost is the price which is real not a fake price


How can I track the recent changes in the price of gold?

There are several pages that will let you track the price of gold in near-real time. One cool page is Kitco.com/charts/livegold.html. It has a graph of the past 24 hours, plus longer term graphs as well. Usagold.com/live.html also streams it live, and may be easier to read for some people.


How is the gold price affected by the economic recession?

Normally, during a recession, people lose confidence in the currency and instead try to secure their investments by purchasing gold. This drives up the gold prices. When the value of stocks, shares, real estate and money begin to fall, people scramble to convert their monetary savings into gold. Gold has long been considered as a safe investment choice and does not lose value.

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