585 gold is the most common and corresponds to 14 carats (the highest 999 is 24 carats). Almost all types of jewelry are made from it: earrings, brooches, cufflinks, tie clips, bracelets, etc. It is affordable for customers with any budget and, as world experience shows, is a reliable investment. And over the years, the cost of gold will only increase, since gold ore reserves are declining very quickly.
Buying products made from precious metals is the best way to preserve your cash savings. But if your box contains a lot of jewelry and other items made of 585 gold that have long gone out of fashion, become irrelevant or unsuitable for wearing, then you can hand them over to a specialized purchase in Moscow.
The reason for selling or pledging gold may be a simple need for money: to improve your health, get an education, update your wardrobe, or buy a gift for a loved one. No matter how much you get for it, the main thing is that a handful of unnecessary gold trinkets will turn into an acquisition you need.
You can sell 585 gold at a very competitive price by handing it over to us. We are ready to discuss all terms of purchase or pledge over the phone or during a meeting in the office.
So, the price of 1 kilogram of gold is approximately 1,850,000 Russian rubles
In dollar equivalent, this will be $36,865. On the world gold market, quotes are formed largely based on the results of daily speculative transactions. At the same time, experts try to link the cost of gold with the amount of precious metal actually mined and produced. But there is no direct relationship observed here. There is only an increasing fall and winter demand associated with the traditional Asian wedding season.
Clearer patterns are observed in the foreign exchange market. The chaotic nature of this segment of the financial system forces many investors to turn to gold, which is more stable in the long term. And many experts explain today’s rise in prices for the yellow metal by the fall in the exchange rate of the US dollar. People stop trusting unstable currencies and turn their attention to gold.
Important tips when registering at a pawnshop
You should not hand over valuables as collateral to the first pawnshop you come across, even if they offer the highest price. It is better to opt for companies that have been operating in the pawn lending market for at least 5 years. It’s good if the pawnshop has an extensive network of branches.
Often the interest payment process is not tied to the branch where the deposit was made. The presence of branches in different regions and even cities greatly simplifies the contract renewal procedure.
If you have time and opportunity, ask your friends and relatives, look for reviews about the company on the forums. Before drawing up an agreement, pay attention to whether the pawnshop has a license to carry out such activities and a certificate of state registration. Copies of these documents must be kept in a conspicuous place accessible to clients.
How the price of gold is formed
During the monometallic financial system, the price of gold, independent of the monetary equivalent, was irrational. Its real price became clear only after the abolition of the gold standard. In this case, two types of prices can be distinguished: officially accepted and market quotes. The official exchange rate was artificially distorted by the US Treasury for about four decades. Depending on the state of the dollar, at different times the price of gold could be $35, $38 or $42. These figures are very far from market quotes, which could even reach $850 per ounce in the early 80s of the last century. Therefore, the formation of the price of the yellow metal has always depended on complex international interaction.
The graph shows changes in the value of the precious metal from the beginning to the end of the 20th century.
The US-led International Monetary Fund forced countries in the post-war period to settle in gold only at the official rate in order to support and strengthen the dollar. This gave rise to some countries, such as Italy and France, to secretly speculate in purchased gold, profiting from the difference in price. This allowance was called “lazh”. It was measured as a percentage. If a gold bar in post-war France was purchased for $90, then it could be sold for $55 more. At the same time, the error rate was 157%.
BUYING EXPENSIVE 585 SCRAP GOLD IN MOSCOW: ADVANTAGES OF OUR JEWELRY WORKSHOP
- High quality of service and comfort: we employ qualified specialists with many years of experience. They will offer you the best and most profitable offers, so it is not difficult to sell expensive 585 gold in Moscow. You can receive money in rubles either in the form of cash or on a bank card. The transaction can be completed in a short time in our office in a guarded area.
- Loyal assessment and convenience: the assessment and accurate weighing of jewelry in grams takes place in your presence. Our purchasing specialist will explain in detail why your gold item can be accepted at this price. Since it is very profitable to sell 585 gold, the price per gram of which depends on many circumstances described above is not easy, you can get advice on the spot on how and when you can sell it at the best price. To sell or pledge, you only need to have a passport without any other documents, guarantors or credit histories.
- Strict compliance with the law: all actions of our specialists comply with current legislation. No criminal or underground reception of gold and transactions with it! We can sell and rent precious metals only according to a document (form) of strict reporting, which is issued to everyone.
- Best and Safest Storage: We ensure that every gold piece of jewelry you deposit is kept in a secure safe, along with insurance.
- Complete confidentiality and guarantee: our workshop in Moscow guarantees confidentiality and non-disclosure of information about its clients, as well as only polite and friendly attitude towards everyone.
If you are always up to date with all the events and news about the purchase of gold products in Moscow, and are often interested in how much the precious metal is being bought, then you will definitely be able to sell 585 gold, the price per gram of which will be the most profitable for you.
Call us and we will answer how much it costs to sell 585 gold. Buying 585 gold at the best price per gram in Moscow!
Formation of a gold pool
In the 60s of the last century there was an organization called “Golden Pool”. It was she who regulated the price of gold at the global level. Its participants and organizers were the USA and 7 European countries. The "Gold Pool" aimed to achieve a balance between the market and official levels of the value of gold when trading on the British market. Every month the English bank bought and sold the precious metal at its own risk. The balance was then divided among the participating states, depending on their contributions to the common cause from their reserves. Maintaining the market price level was achieved by selling their own gold reserves by countries that were members of the Pool.
The main goal of the “Gold Pool” was to support the gold backing of the dollar.
In the fall of 1967, the British pound fell and the resulting “gold rush” required as much as 3 tons of the precious metal to be settled. After this, the pool was dissolved in 1968.
Artificial cost control has lost out to real pricing factors based on supply and demand. This was a failure of American policy, which, as always, consisted of artificially maintaining the dollar at the expense of the funds and efforts of partners.
Pink gold
Rose gold has been known for a long time. Previously, it was believed that if a gold product is pink, this indicates an incorrect ligature and a violation of the manufacturing technology. Such jewelry was perceived as a waste and was not highly valued.
The reason was that since ancient times, gold products had only two colors - yellow and red. If the ratios of ligature metals were violated or not observed, the product, instead of the expected colors, acquired an unusual intermediate shade - pink.
Currently, rose gold is experiencing a rebirth, which is accompanied by a significant increase in demand for products made from it. This happens due to the development of jewelry design art. Indeed, modern rose gold is embodied in beautiful and stylish forms, often encrusted with precious stones.
Designer products made from it (photo)
An original engagement ring decorated with diamonds. An expensive craft made of high-carat rose gold. Rose gold inlaid with precious stones. A stylish and expensive ring with sapphires.
The Double Gold Market Phenomenon
Before 1973, there were two gold markets. In the official segment, Central Banks traded precious metals at reduced prices, thereby supporting the American dollar. In the private segment, the price was formed based on real supply and demand. After America abolished the gold backing of the dollar, the official market simply collapsed. In the fall of 1973, the central banks of leading countries stopped operations with gold at reduced prices. The artificial price parities of the official gold market were completely abolished by 1978.
The graph shows the upward trend in the value of gold in the first decade of the 21st century.
The market price of gold bullion can be influenced by economic conditions, politics and speculation. The rise in value is driven by increased household, industrial and investment demand. If the economy is in a fever, inflation and payment imbalances are growing, along with fluctuations in exchange rates and lending rates, then the cost of gold always increases.
At the end of the 70s of the last century, the West was literally gripped by a “gold rush”. The price of 1 kilogram of gold went through the roof. Then, until the end of the century, negative dynamics were observed, interspersed with minor changes.
The main reason for what is happening is the strengthening of the position of the US dollar and US government bonds against the backdrop of curbing inflation. As a result, interest in the yellow metal has diminished in many countries.
To compensate for budget deficits and reduce public debts, many countries at the end of the last century began to sell off their gold reserves.
When considering global market processes, it is also worth taking into account the multifaceted essence of gold itself, which can be a promising asset, a foreign exchange reserve, and a necessary raw material.
Cleaning and care
When cleaning and caring for rose gold, be guided by the general requirements and rules applied when performing similar operations with jewelry of other alloys. This means soaking in special solutions and grinding and polishing. Be careful about the acids and abrasives you use. Do not use sharp, hard objects.
Photo gallery: How to care for pink items
The last stage of cleaning is polishing with a soft cloth. Removing stains in hard-to-reach places using a toothbrush. Special paste can be purchased in jewelry boutiques and stores. Be careful when exposed to active chemicals based on acids and alkalis.
The price of gold depending on its functional purpose
In the modern world, gold can be present in the following functional and qualitative incarnations:
- As an industrial raw material resource.
- Like a piece of jewelry.
- As a means of accumulation in the form of bullion.
- As a collectible in the form of coins.
- As a trading exchange instrument.
Price formation in each of the listed cases is quite specific. The cost will depend on the relationship between supply and demand, production and processing costs, speculative stock market trends, etc.
Give up gold without ransom or pledge it
The answer to this question depends on whether you are interested in preserving the item. I also advise you to evaluate your financial capabilities in the future for the next few months. Is there a chance that the financial situation will improve? This is what you need to start from when choosing a contract option.
A loan is issued against a collateral with the possibility of further redemption for a certain period. Interest is charged on the funds issued. It is paid upon redemption or renewal of the contract.
In buying gold, gold is purchased under a purchase and sale agreement. For a gram of precious metal they will give you 10-50 rubles more than in a pawnshop. The buyer makes money from resale, and the pawnshop makes money from the interest received from customers.
Current gold price
The price of gold is measured in United States dollars. Today it is $1,188.7 per troy ounce (31.1 grams) on the stock exchange. In terms of Russian rubles, this will be 2,469.8 rubles per 1 gram.
Depending on the intended use of the yellow metal, the quote may vary.
How much does 1 kilogram of gold cost if we consider it as an instrument of investment and accumulation?
To use yellow metal for these purposes, it is best to purchase bullion or open a metal account at a bank. What is good and bad about each of these options?
History of origin
Chervonny (scarlet), translated from Old Church Slavonic, means red, scarlet. In Tsarist Russia, chervonets were originally the name given to foreign gold coins - ducats, sequins, florins. Own coins have been minted in Rus' since the 15th century as award insignia.
The first Russian chervonets as a means of payment appeared as a result of the monetary reform carried out by Peter the Great. In terms of weight and alloy value, they corresponded to foreign coins and were intended only for settlements with foreign subjects.
A common practice was to make expensive jewelry from chervonets, because purer gold simply did not exist at that time due to the impossibility of higher purification. Therefore, red gold is still mistakenly considered to be the name of a chemically pure element.
Convenient investment
The cost of 1 gram of gold - investment grade gold with a three-nine hallmark - is set every day by the Russian Central Bank. It is published in official sources. But this is not the price that is used when purchasing precious metals. Based on it, calculations in the financial sector only take place.
The price of precious metal in bullion will always be higher than the exchange price due to the costs of production, sale and payment of VAT of 20%. Thus, taking these factors into account, the cost of the bar will depend on its weight and the content of chemically pure gold in it. So, if the sample of a precious metal is “three nines,” this means that 1 kilogram of the alloy will contain 999 grams of yellow metal.
If you want to save money, open a metal bank account. In this case, there is no need to pay VAT, spend money on renting a cell, etc. Again, such a deposit is easy to cash out at any time.
Advantages and disadvantages
Expert opinion
Vsevolod Kozlovsky
6 years in jewelry making. Knows everything about samples and can identify a fake in 12 seconds
The main advantage of this alloy is its high ductility. Thanks to this, complex openwork products are created from it, which immediately attract attention. Buyers are also attracted by the lower price compared to classic gold. Another feature of the alloy is its unusual range of shades.
However, such things are of little use for daily wear. This is due to the low strength of the metal. This is especially true for low quality products.
How much does 1 kilogram of gold cost?
So, an impersonal kilogram of gold in a metal bank account will be valued at approximately 2,750,260 rubles. The cost of the measured ingot must be clarified with the bank for each specific date.
The exchange quote in 2021 was at $1,200 per 1 troy ounce. But this indicator is unstable and changes daily depending on many reasons - world politics and economics, changes in exchange rates, financial risks, etc. Daily exchange rate fluctuations can be up to 10%. To make the most of your gold investment, it is always a good idea to stay updated with the market situation.
You may also be interested in::
- News and analytics of the gold and coins market
- Golden educational program for investors
- Catalog of gold coins for investment
- Critical mistakes when investing in gold
- How to make your investment in gold profitable?
Rules and conditions for the delivery of precious metals
Adults can pledge gold provided they present a passport. The process consists of the following stages:
- Determining the authenticity and sample of a precious metal (chemical reagents are usually used).
- Weighing on electronic scales. The measurement accuracy is 0.01 grams.
- Announcement of the maximum loan amount.
- Agreeing on a deadline.
- Registration and signing of a pledge agreement.
- Receipt by the client of cash, one copy of the contract, receipt.
The presence of a state mark or manufacturer's imprint is not required. The evaluator will determine the sample independently.
What can be taken
Most pawn shops specialize exclusively in jewelry. There are companies that accept cars, equipment, sports equipment, real estate, antiques, and expensive items (for example, fur coats) as collateral. The valuables being transferred must be authorized for sale.
A jewelry pawnshop will accept jewelry in any condition and silverware. If a gemologist is available, precious stones will also be assessed.
What makes no sense to pledge
It is prohibited by law to issue loans secured by firearms, bladed weapons, orders, nuggets, and raw loose precious stones. They will not accept the so-called technical gold - wire, plates.
Expert opinion
Lyudmila Pestereva
Our most experienced gold investor
Ask a Question
For a bullion in good condition with a certificate, the bank will give you more money. This also applies to investment coins with documents. It is more profitable to sell ancient gold and silver coins to numismatists, and rare jewelry to collectors. They will appreciate the historical and aesthetic value, and not just the weight of the precious metal.
How it is made
Red gold is obtained by introducing a certain amount of copper into the composition. Such additions to precious metals are called alloys.
Nowadays, an alloy of a similar shade is also used, but its standard is much lower, and in addition to copper, it contains silver. This three-component alloy is widely used today due to its good strength and malleability. It lends itself well to soldering. Products made from this alloy are more durable, and the visual difference between the two types of gold is a slight difference in shades of red and is noticeable only upon close inspection.
Next, watch an interesting video about how gold is made:
How to properly care for gold jewelry
Gold products are highly resistant to external factors, but need to be cleaned from household dirt. This is especially true for items for everyday wear.
There are several ways to carry out this procedure at home:
- Place items in the saline solution for 12 hours, then rinse thoroughly. To prepare the solution you will need a glass of boiled water and 3 tablespoons of salt.
- You can also use a mixture of ammonia and soap; 2 hours will be enough to clean jewelry, then the solution is washed off with plenty of water. Ingredients: a teaspoon of ammonia and liquid soap per glass of boiled water.
- Without pressing, wipe the products with a cotton swab dipped in three percent hydrogen peroxide, leave for 15 minutes, then rinse with plenty of water.
Plastic or ceramic containers are used for soaking jewelry, but not metal ones. After rinsing, they are carefully and thoroughly wiped with lint-free wipes and polished with suede.
Due to its softness, the cleaning of items and jewelry made of red gold should be entrusted to a jeweler.
