How much does 1 gram of gold cost when handed over to a pawnshop in rubles?

Today white gold is one of the elite materials. Its popularity is comparable to platinum. The value of this precious metal is constantly growing, which is why white gold is a profitable investment.

We buy: white gold in any form, objects and jewelry made of this metal, standard and measured bars, various coins, scrap gold.

One of our areas of activity is the purchase of white gold. If you contact us, you will be able to sell your precious metal as profitably as possible for you.

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.

Buying and exchanging silver

The purchase of silver in Vladikavkaz is carried out in the same place where gold products are accepted. You can sell gold jewelry with precious stones profitably to jewelers. You can donate expensive silver in Vladikavkaz not only to jewelry workshops; collectors will be happy to purchase them if the silver items have antique value. These could be antique belts, daggers and kitchen utensils. Some jewelry stores also accept scrap gold in Vladikavkaz. Here they offer the exchange of old gold for new jewelry. Silver exchange is also possible in jewelry workshops and stores.

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%.

Pawnshops in Vladikavkaz accepting gold and silver

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.

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.

Advantages and disadvantages of metal

Jewelry made from 999-karat gold is very expensive - you won’t find it in the general retail chain; it’s exclusive to the wealthiest. One should also take into account the fact that a chain made of such gold will be very unreliable, and losing such beauty will be extremely disappointing.

In order to somehow neutralize the softness of pure gold, products made from it are made very massive. The best option is an exclusive wedding ring weighing 10 grams or more.

The main advantage of this precious metal is its high liquidity: if necessary, it can always be sold at an adequate rate. Gold in measured bars can be deposited: the interest accrues is small, but the precious metal is constantly growing in price.

The cost of a gram of gold may decrease slightly, but compared to currency fluctuations, this is minuscule. In short, if a person wants stability and is not chasing quick super-profits, it is worth investing in gold bars.

The price of gold depending on its functional purpose

In the modern world, gold can be present in the following functional and qualitative incarnations:

1. As an industrial raw material resource.
2. Like a piece of jewelry.
3. As a means of accumulation in the form of bullion.
4. As a collectible in the form of coins.
5. 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.

Dynamics

The price of a kilogram of precious metal largely depends on the demand for it. The latter is growing continuously. Ordinary people are buying more jewelry, industry needs pure metal, and investors are looking for opportunities to make extra money on the positive dynamics.

The instability of the global economy, inflation in developing countries, and the deficit of their balance of payments - all this increases the demand for gold. The trends are reinforced by the periodic outbreak of armed conflicts.

For example, in the last years of the 70s, a kilogram of metal cost $850. But later prices crawled down, and the trend continued in this form until the end of the century. America is to blame for this. The link to oil ensured the strengthening of its currency and Treasury securities. As a result, it became more profitable to invest in them, and the hype around gold subsided. Because of this, many countries began to gradually get rid of traditional reserves, replacing them with US bonds. For example, now Canada does not have a ton of gold left.

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?

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.

physical characteristics

The metal we are considering occupies an honorable seventh place in density and mass among all elements of the periodic table. The specific gravity of 999 gold is 19.3 g/cubic meter. cm. This means that it is almost twice as heavy as lead and three times as heavy as iron!

The high density of gold is not the only advantage of this metal. Pure gold is inert to most acids and alkalis, it is not susceptible to corrosion and oxidation, and retains its properties and noble shine for centuries.

This is a very malleable metal: two milligrams of gold is enough to make a meter-long thread. And it can also be rolled into the thinnest foil, a thousand times thinner than the diameter of a human hair! But this metal is unlucky with its strength: it is soft and malleable. The surface of a gold bar can be easily scratched with a regular steel needle.

The color of 999 gold is a shining yellow, the color of the sun without any nuances. Any other shades indicate the presence of ligatures - other metals that reduce the percentage of aurum in a particular product.

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?

Where is 999 gold standard used?

As mentioned above, pure gold is used extremely rarely for the manufacture of jewelry and luxury items for utilitarian purposes. This metal is too soft: it is prone to deformation, quickly becomes scratched and loses its shine.

On the left is a ring made of 999-karat gold, on the right is a ring made of 585-karat gold (from the Golden Radiance Sunlight collection).
Sometimes massive jewelry is made from gold of the highest standard on special order (mainly wedding rings), but they do not differ in high performance characteristics. This is jewelry that is worn exclusively for presentation purposes, when going out.

Most often, pure gold is used:

• For the manufacture of jewelry alloyed with other metals. By adding alloys, gold acquires the required strength and desired color. The more ligatures, the lower the sample.
• In the production of electronics. Gold has the highest electrical conductivity and resistance to oxidation, which makes it indispensable in the production of semiconductors and microcircuits.
• As a decorative covering. Since ancient times, church domes have been covered with the finest foil made of this noble metal (gold leaf). Now it is also used to decorate luxury items, icons and religious utensils.
• In cooking. Yes, yes, dishes decorated with “edible” gold can be tasted in many elite restaurants.
• For the production of measured bars and collectible coins. They are sold in special bags and capsules, accompanied by certificates certifying their “official” origin and recorded weight.

In bank branches you can buy both small bars weighing 1,5,10 and 20 grams, as well as more massive ones - 0.5 and even 1 kg of pure gold. The first ones are 20-30% more expensive, but they are easier to sell later. The ideal option is bars weighing 50 and 100 grams.