The most popular precious metal among ordinary Ukrainians and jewelers, as many centuries ago, remains gold. Today, gold is used not only for making jewelry, it is also a fairly popular type of investment. In addition, gold and its various alloys with other metals are widely used in the production of parts for various medical devices, in modern technologies and industry.
We will tell you how much 1 gram of gold costs in our country, who sets prices for this precious metal and how, what types of gold there are, and we will consider the price range for the cities of Ukraine.
How much is a gram of gold worth: who determines it and how?
Gold is a precious metal, which is classified as a currency value, acts as an object of interbank transactions and is part of the gold and foreign exchange reserves of almost all state central banks. The list of noble metals also includes silver, platinum and palladium. A separate bank rate is established for these metals in relation to the country’s currency, and they are assigned certain alphanumeric codes.
The official rate of banking metals in Ukraine is set every day by the National Bank of Ukraine. The basis is taken from information from the London precious metals market, which conducts daily so-called fixings, establishing, according to experts, the fairest price levels for precious metals.
You can easily find out how much a gram of gold costs in Ukraine on the Internet: on bank websites, specialized financial resources, etc. As of May 2021, the optimal purchase/sale rate for one gram of gold was 1156.32 UAH/1281.54 UAH. The commercial rate operating in banking institutions and pawnshops, of course, is different.
How much is a gram of gold worth: who determines it and how?
Gold is an important asset for investors and a precious material for jewelry that never goes out of style.
Until now, many people use products made of this metal to demonstrate their financial situation. Therefore, “How much does a gram of gold cost” is a question that remains relevant. Just like with currency, the price of gold per gram is constantly changing. The rate is set daily by the National Bank of Ukraine, and the agency relies on data from the London precious metals market. However, official data can only be taken into account in part, because in practice completely different conditions may apply.
How much does a gram of 585 gold cost, what other grades are there and what are the differences?
By itself, pure gold does not look presentable and is very impractical: it is soft and the color is dull. In this form, it is impossible to use it for making jewelry: such products do not guarantee either durability in use or beauty.
That is why many years ago, knowledgeable people began to make gold with admixtures of base non-ferrous metals (ligature), after which the gold acquired a more saturated color, and the quality of its use increased significantly. In order to determine the amount of precious metal in the alloy, a gold sampling system was introduced. The hallmark is called not only the amount of ligature in the product, but also a special mark placed on the product itself, which guarantees the content of noble metal in the product.
There are several sample systems, the most common in our country is metric. It shows the number of grams of precious metal in 1 kg of alloy, for example, in a kilogram 750 gold bar - the weight of the precious metal is 750 grams, and the weight of the alloy is 250 grams. Gold is distinguished as follows: 375 (37.5% pure gold), 500 (50%), 585 (58.5%), 750 (75%), 958 (95.8%), 999 (99.9%) .
| Purity of gold | 99,9% | 95,8% | 75% | 58,5% | 58,3% | 50% | 37,5% |
| In metric system | 999 | 958 | 750 | 585 | 583 | 500 | 375 |
| Carat sample system | 24 | 23 | 18 | 14 | 14 | 12 | 9 |
585 gold is recognized as the most popular for making jewelry. It is durable, does not oxidize in air, and is easy to forge. If you need to find out how much a gram of 585 gold costs, we recommend looking at such information on special financial websites, pawn shops, etc.
999 gold is practically pure gold and is not used in the jewelry industry. Bank coins and bars are made from it. How much a gram of 999 gold costs is can be found on the same financial websites and in major banking institutions in the country. The cost of such gold, of course, is the highest.
White gold is an alloy of pure gold with palladium and silver. Instead of hallmarks for white gold, carats are used, there are three types in total: 9, 14 and 18 carats. The price of the product depends on the number of carats. You can also find out how much a gram of white gold costs on specialized Internet sites.
The price for 1 gram of gold is 585, what other grades are there, and what are the differences?
585 sample is the most common and popular, but not the only one. The three-digit number in the name indicates the percentage of the ratio of gold itself and the alloy, that is, impurities. In the specified sample it is: 58.5% gold, and 41% is copper or silver. This sample is highly valued as it is resistant to wear and rust, and does not lose its shine and attractive appearance. If we are talking about 585 gold, the price for 1 gram in Ukraine ranges from 800 to 1400 hryvnia.
In luxury expensive jewelry, 750 gold can be used. Jewelry with diamonds and other valuable stones is made from it. Such jewelry is highly durable and has a higher price when compared with 585 - from 1000 to 1600 hryvnia per gram.
In addition, there is 958 standard, which is more popular in the East, and 999 standard - jewelry is not made from it due to the softness of the pure metal.
| Gold content | Average price per gram |
| 375 | 530 UAH |
| 585 | 850 UAH |
| 750 | 1080 UAH |
| 958 | 1320 UAH |
| 999 | 1450 UAH |
Buying and exchanging silver
Fans of silver products should know that the minimum acceptable standard of silver is 750, however, in the southern resorts, products of 600 standard are often sold. Remember, silver comes in one color, silver (white). If the proposed product has a red tint, the impurity content is off the charts. In any case, it will not be possible to sell silver with a purity of less than 75% at a high price; it will not be possible to exchange such silver for other products. When trying to sell silver in Kharkov, remember that different silver alloys vary significantly in price per gram, the most expensive option with an admixture of cadmium. Buying silver in Kharkov has long roots and is represented by several reputable companies.
How much does a gram of gold cost in a pawnshop: is it profitable to sell the product?
If you have gold jewelry lying around, one option is to take it to a pawnshop. For 1 gram of gold, the price will differ depending on several factors:
- the conditions of the pawnshop itself;
- metal sample;
- condition of the product and others.
The approximate range of prices for yellow metal in pawnshops is from 500 to 1700 hryvnia. If it is scrap gold, the price drops - from 400 to 1100 hryvnia. In general, you can take items made of yellow metal to a pawnshop, the main thing is to find the best conditions and correctly calculate the cost.
Pawnshops in Kyiv accepting gold and silver
Car pawnshop Eurocredit in Kyiv
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Car pawnshop Euro Standard, Druzhby Narodov metro station
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Vehi Company, Olimpiyskaya metro station
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Pawnshop A-bank, Obolon metro station
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Pawnshop Useful money in Kyiv
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The most beautiful pawnshop, Levoberezhnaya metro station
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The finest pawnshop
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The finest pawnshop
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The most beautiful Pawnshop in Kyiv
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The finest pawnshop
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Pawnshop Blago, Osokorki metro station
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Pawnshop Blago
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Pawnshop Blago, metro station Kharkovskaya
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Pawnshop Blago
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Pawnshop Blago
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How much does a gram of gold in a product cost?
If we are talking about jewelry, it would be incorrect to calculate the cost taking into account only the price of a gram of gold. It is also affected by:
- decoration design;
- store pricing policy;
- Color and purity of metal jewelry;
- Quality of materials and work;
- Brand;
- Trends, high or low demand, season.
When buying jewelry, you are not buying an ingot of precious metal, but an item into which you have invested labor, skill and creativity. Trying to evaluate a product only by its weight, it is impossible to guess. It's like trying to buy a cake from a pastry chef for the cost of the ingredients alone.
How much does a gram of gold cost in Kyiv or do gold prices differ in different cities of Ukraine?
Like the dollar or euro exchange rate, the gold exchange rate throughout Ukraine is regulated by the NBU. And just as the Central Bank sets the official exchange rate for a currency, and financial institutions plus/minus adjust their prices for purchase and sale based on their plans and capabilities, the same situation is with the cost of gold. Therefore, it is impossible to see any really large differences in gold prices based on the geography of residence.
In order to find out more advantageous offers in certain cities of the country, we recommend, as before, using special financial sites on the Internet. For example, you want to find out how much a gram of gold costs in Kharkov, Odessa, Dnieper and other cities - enter a query with the desired city name in the search bar (for example, “how much does a gram of gold cost in Dnepropetrovsk”), and the search engine will display sites that monitor the cost of gold and other precious metals in the cities of our country.
- Samples
- Weights
- Appearance
- Loan term
- Availability of special offers and promotions at the financial institution.
We buy in the store
The easiest way to get gold jewelry is to buy it in a store. This can be done online in the online store, choosing from the assortment on the website. It's fast, convenient, and the jewelry will be delivered to a place convenient for you.
Buying jewelry from a physical store also has its benefits. This way you can look at the jewelry from all angles, try it on, clearly select the size and make sure that it suits you.
Jewelry stores also differ in pricing policy, popularity, number of models, convenience of location and other points. Choose yours and delight yourself with jewelry that does not go out of fashion.
Pawnshops in Odessa accepting gold and silver
Pawnshop Central, Alexander Nevsky street
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Pawnshop Central, Fontanskaya road
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Pawnshop Central, Marshal Babajanyan street
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999 Group
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999 Group
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999 Group in Odessa
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999 Group
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Good
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Good
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Fortunately, Academician Korolev Street
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Fortunately, Panteleimonovskaya street
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Good
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Fortunately, Sadovaya street
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Fortunately, Dobrovolsky Avenue
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Fortunately, Academician Zabolotnogo Street
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We buy/sell gold in a bank
For those interested in investing, there is a banking service - buying and selling gold. It is especially important to have such an asset during economic crises, since the cost of precious metals often rises when other assets fall. You can earn income from this if you invest not for a short period.
Not all banks engage in transactions with gold and silver; this information must be clarified on their websites or by phone. Basically, large state financial institutions can afford this. In Ukrainian banks you can usually buy and sell bars of different weights - from 1 gram to 1 kilogram. Metals are the same currency, which means the buying rate is higher than the selling rate.
In addition to gold and silver bars, you can also invest in coins made of precious metals, platinum or palladium. The last two options are not cheap, and therefore are not so common in Ukraine.
The next way to invest is to invest in a bank account in precious metals. You can save money on this because there are no costs for manufacturing, packaging and delivery of bullion. But in order to decide which investment method is best suited specifically for you, you need to clearly understand the difference and calculate the risks.
If you choose to invest in bullion, you will need additional information. Learn what the term “refining” means, what the difference is between the methods of producing ingots, why packaging is needed, etc.
To avoid making mistakes when investing, track the exchange rate and watch for fluctuations. Pay attention to the difference in the cost of sale and repurchase by banks. For this purpose, the official website of the NBU, bank pages on the Internet and other resources are suitable. No special preparation is needed for the purchase; for transactions involving large sums, you will only have to take your passport and code with you.
Pawnshops in Kharkov accepting gold and silver
Buying gold, antiques, Historical Museum
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Technomagazin
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Basis
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Basis
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Bazis, metro station Palace of Sports
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Basis
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Bazis, Amosova street
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Basis
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Basis
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Basis
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Basis
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Bazis, Yubileiny Avenue
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Basis
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Basis
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Basis
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How do prices for a gram of gold differ in Dnieper, Kyiv and other cities of Ukraine?
Prices per gram of gold and silver may vary depending on the city. If we are talking about a transaction with metals in a bank, then it makes no difference whether you perform it in the capital or another locality. But there is a nuance: in Kyiv branches the precious metal will most likely be in stock, but in a small town it may not be available - you will have to wait.
In stores and pawnshops in Dnepr, Kharkov, Odessa and other cities there are differences in cost. In Kyiv it is traditionally a little higher. For example, in Odessa, a gram of gold of the most popular standard will cost 810 hryvnia, and in Kyiv on the same day - 870.
The cost is more influenced by the specific location - a store, bank or pawnshop, individual conditions and the pricing policy of institutions. Before deciding where to buy or sell precious metal, it is worth comparing conditions and prices and choosing the best option.
Buying and exchanging gold
There are 5 main hallmarks: 375, 500, 583, 585, 750, 958, 999. If 999 is mainly represented by bank bars, then the rest are quite common in everyday life. There are leaders, this is 585.583 standard gold, the most frequently produced alloy in the USSR. If you have accumulated a surplus of precious metal, you can sell it at a high price and exchange gold for new jewelry. The price per gram varies, since the purchase of gold in Kharkov is carried out by several companies, with different approaches to valuation. If temporary financial difficulties arise, in Kharkov there is an opportunity to hand over gold to a pawnshop. To do this in the most profitable way, study the options and choose the best one for you.
