What Affects the Price of Gold
The price of gold is influenced by several factors. Purity is key — gold is measured in karats, with 24K being pure gold, and lower karats like 18K and 14K indicating a mix with other metals for strength and color. Weight also plays a role, typically measured in grams or troy ounces. Market demand fluctuates based on global economic trends, currency strength, and investor sentiment. Finally, Condition and form matter — jewelry, bullion, and coins can carry different values depending on craftsmanship, rarity, and market appeal.
