The price of gold, or what gold is worth, fluctuates according to supply and demand around the world. Gold is able to be traded 24 hours a day because it's traded on international commodities markets where, at any given time during the day or night, one of the financial centers in Sydney, Hong Kong, Dubai, Zurich, Paris, London, Chicago or New York is open for trading. So, essentially, gold value could potentially change several times a day as stakeholders in the market buy and sell gold.

The price of gold is routinely determined and fixed twice a day on the London Market, creating an international benchmark for gold pricing. Today, the value of gold is rallying after a volatile economic environment over the last couple of months. The United States economy has a great impact on international trade and, as a result, gold value, as well as the worth of other precious metals, has risen to the highest point in months, now that a deal has been ironed out to reopen the U.S. government and the debt ceiling increase has been passed.

With good reason, hordes of people are taking advantage of current economic conditions and exchange rates and opting to sell their own personal gold pieces for cash. As sellers, it's important to be informed about what gold is worth on the market to be sure to obtain a fair price for the pieces to be offered for sale or trade. Gold value can easily be determined by a reputable and seasoned gold buyer once the gold is inspected and evaluated for weight and purity. A professional gold buyer will separate gold out into groups by karat purity before putting it on the scale to measure its actual weight. Then, it is the daily market price, at the time of evaluation that is used to give a monetary value to the jewelry, coins or other items you wish to sell. To receive an honest appraisal of your gold jewelry and other gold pieces in Phoenix, contact the professional jewelry appraisers at Ralph Mueller & Associates today. Call (480) 949-9299 now.