The price of gold is rising. What to expect in the near future?
By 2023, the price of gold has increased by about 15% compared to the beginning of November last year. November 3, 2022 the price of gold on the exchange was about 1600 USD/Oz, and already in 2023 on January 3, the price of gold reached 1838 USD/Oz. Although the price of gold has not yet reached 2022. at the level of March when gold cost as much as $2034/Oz, but it is likely to reach a similar price soon if it rises at this pace.
As the economy of the world's major countries slows down and inflation continues to grow, it is a bit strange to see that in 2022 the price of gold decreased more than it increased, and only started to increase at the beginning of November. One can form the opinion that the price of gold is somehow artificially prevented from increasing.
| # | Buyer | Purchase price | City |
|---|---|---|---|
| 1 |
 |
51.11
€
/g
|
London ON |
| 2 |
|
48.219
€
/g
|
Mississauga |
| 3 |
|
47.308
€
/g
|
Toronto |
| 4 |
|
46.863
€
/g
|
London ON |
| 5 |
|
44.767
€
/g
|
London ON |
| 6 |
|
43.199
€
/g
|
Mississauga |
| 7 |
|
42.377
€
/g
|
Toronto |
| 8 |
|
41.192
€
/g
|
Mississauga |
| 9 |
|
40.411
€
/g
|
Toronto |
| 10 |
|
35.164
€
/g
|
Mississauga |
| 11 |
|
34.5
€
/g
|
Toronto |
| 12 |
|
33
€
/g
|
London ON |
| 13 |
|
29.308
€
/g
|
London ON |
| 14 |
|
27.123
€
/g
|
Mississauga |
| 15 |
|
26.61
€
/g
|
Toronto |
| 16 |
|
25.651
€
/g
|
London ON |
| 17 |
|
19.089
€
/g
|
Mississauga |
| 18 |
|
18.726
€
/g
|
Toronto |
| 19 |
|
18.301
€
/g
|
London ON |
| 20 |
|
17.082
€
/g
|
Mississauga |
| 21 |
|
16.76
€
/g
|
Toronto |
| 22 |
|
16.5
€
/g
|
London ON |
| 23 |
|
14.651
€
/g
|
London ON |
| 24 |
|
|
Toronto |
| 25 |
|
|
Toronto |
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GOLD BUYING – is the most common way to get cash instantly when needed. Gold buying is widespread in many countries and can be quickly pledged or sold using the services of pawnbrokers. This metal is very highly valued and is still popular these days and was throughout the ages. Gold can be sold quickly anywhere, and the prices vary in different stores within the same country. The purchase prices of gold depend on the prices of the respective metals on stock exchanges and change very often. Every single gold buyer monitors the fluctuations in the prices on stock exchanges and accordingly adjusts its buying price. When comparing both country-wide and gold purchase prices between countries it can be seen that the differences are not major, thus, by estimating the amount of gold and comparing prices it is easy to decide where to sell it.