Natural Gold: 4 Factors Affecting Its Price – What to Know
It is one matter to find natural gold, and it is another to sell these gold nuggets out in the market.
One crucial factor when it comes to selling your gold is its pricing. Unfortunately, some people make the mistake of selling natural gold and ending up not getting that much. So, how do you go about making sure that you’re selling your natural gold with the standard market value?
In this article, we will share with you four factors that affect the price of your natural gold:
1. The spot price of the metal
The term ‘spot price’ refers to the current market price of the natural gold at which it is bought or sold for immediate payment and acquisition. If you’re selling this piece of metal, the exact time you do so will affect its overall pricing.
2. Aesthetic value
The aesthetic value of your natural gold nuggets plays a crucial role in their overall pricing. For the most part, gold collectors would go for quality pieces, not just the average lumps of gold. Most gold nuggets have red iron stains or quartz embedded in the cracks. However, some gold buyers tend to look for something bright and shiny with interesting shapes and sizes. Ultimately, the highest quality nuggets will merit higher pricing from these buyers.
3. Discovery location
When it comes to natural gold pricing, you also have to factor in the location where the gold was discovered. If these gold nuggets came from an unlikely remote location, know that you may be able to sell them at a higher price. As far as the selling of natural gold nuggets from obscure locations is concerned, make sure to find the right gold collectors for your transaction.
4. Size of the gold nugget
The bigger the nugget is, the rarer it is, the more you will get out of its sale. In fact, these pieces of metal are weighed in grams or ounces. The bigger gold specimen say over a troy ounce or more will generally go for more than just value if they are a nice and defect-free nugget.
As you can see, determining the value of your gold is critical, particularly if you want to get a reasonable price for it. To do so, consider the four factors outlined above – the spot price of the metal, its aesthetic value, the location of its discovery, and its actual size. With all these in mind, you’ll be able to sell your gold nuggets at relatively fair pricing that will make you earn more from them.
If you’re looking to invest in gold nuggets and sell them across the globe in the future, our we can help you. Get in touch with us today at our shop in Australia to see how we can help!