Over the past year there have been almost daily fluctuations in the price of gold, however the trend is still ever upwards.

Highest Point
The highest point in gold prices over the past 12 months was on 6th September 2011 when it reached £38.03 per gramme.

Lowest Point
The lowest point in gold prices over the past year was on 1st March 2011 when it was £27.89 per gm. When compared to the lowest point in March 2010 which was £23.50 you can see that prices for the past year are still considerably higher than they were in the previous year. Anyone who bought physical gold in the form of gold jewellery or gold coins and bullion 2 years ago is no doubt pleased with their investment.

Gold Prices March 2011
Prices over the course of the month averaged £28.31/gm, with 9ct scrap gold fetching an average of £10.25 per gramme – you should get close to this price from the cash for gold buyers, so if you are offered significantly less than this you would be well advised to sell your gold elsewhere.

Gold Prices April 2011
An increase over March the highest price gold fetched during this month was £29.58 per gm and the lowest was £28.38. 9 carat scrap averaged £10.49.

Gold Prices May 2011
The price of gold rose again in May as prices soared to over £30 per gm. Scrap 9ct likewise went up to an average of £10.78 over the month, compared to 6 months before, November 2010 when 9 carat scrap averaged £9.95 that’s over 7.5% up.

Gold Prices June 2011
June saw a further increase in gold prices with a high of £31 per gram and £10.97 was the 9 carat scrap average.

Gold Prices July 2011
A relatively small increase in prices for July, however the price still went up. The high for the month was £31.99 with a low of £29.10, making an average price per gramme for the month of £31.25. Scrap 9 carat gold averaged £11.31 during July.

Gold Prices August 2011
The biggest jump was this month with gold prices reaching a high of £36.64/gm and the 9ct scrap average was £12.49, over £2 more per gm than 5 months before.

Gold Prices September 2011
September was the highest point. The price of gold rocketed to £38.03 per gram and scrap gold (9ct) averaged over £13.

Gold Prices October 2011
October saw the first fall in prices of the year but they remained higher than pre-August prices.
High = £34.93
Low = £33.02
9ct Scrap Average = £12.31

Gold Prices November 2011
Prices bouncing back up again with a high of £36.23 per gramme and average 9carat gold scrap prices reaching £12.79 per gramme.

Gold Prices December 2011
Another slight downward correction for the month:
High = £35.90
Low = £32.64
9ct Scrap Average = £12.38

Gold Prices January 2012
For the first month of the new year there was a slight upward movement in the price of gold with a high of £36.12 per gramme and a low of £32.79. The average price for 9 carat scrap gold over the month was £12.43.

Gold Prices February 2012
This review was completed part way through the month so the figures do no relate to the month overall. So far the highest price for gold per gramme this month has been £35.71 and the lowest £34.86. Scrap gold (9ct) has held its price well for the month so far averaging £12.75.

Source of Figures: Cookson’s Gold Prices & goldupon.co.uk

1oz Gold Krugerrand for Sale on Amazon

Since last year about this time when the price of gold was about GBP 24.29 per gram this year this has increased to GBP 28.32 per gram in March to GBP 28.84 per gram on 13^th April. As you can see gold is still continuing to rise at a very good level and over GBP 4.50 per gram higher this year than last year.

The Scrap gold prices have also continued to rise in line with the actual gold price and for 9 carat scrap gold the current price is £10.49 per gram, 14 carat scrap gold is £16.36 per gram, 18 carat scrap gold is £20.98 and 22 carat scrap gold is £25.63 per gram. This is a good increase from this time last year and if you then compare this to the prices which gold is selling for on eBay this month so far:

The krugerrand is probably the most famous of all the gold bullion coins and will normally come in 1 ounce coins. Historically the Krugerrand has made good money on eBay. As an example last year a 1984 Krugerrand sold for £454 and a 2008 one sold for £560 and two Krugerrands in mint condition dated 1979 and 1988 sold for £799.99 and £755. This year here are the results from some Krugerrand sales on eBay:

A One ounce 1979 Krugerrand sold for £920.01 on 13 Apr 2011. A one ounce 1975 Krugerrand sold for £900 also on the 13 apr 2011. Looking at the results on eBay a One ounce Krugerrand will now sell between £900 and just under the £1,000 for a good example which is a significant increase in the price of Krugerrands from last year.

Another gold coin which is a firm favourite is the Gold Sovereign the full sovereign weighs about 8g and is 22 carat gold these coins are always popular on eBay and a George V was selling for about £180 to £200 last year Victorian sovereigns are more costly depending on condition. This year full Sovereigns are now selling for about £220 to £230 and Victorian ones going for  over £260. This is a big increase in a year with about £60 more being paid for Victorian sovereigns.

Last year the half Sovereign was selling for about £85 to £90 with exceptional uncirculated coins such as a 1910 half gold sovereign selling for £111. This year the half sovereigns are selling for about £110 with good examples and rarer years selling for about £140 and upwards, again this is well up on this time last year and the prices still seem to be not just holding but vastly increasing each year.

Scrap gold is also a very popular commodity on eBay and generally goes for a better price than most places where you can exchange gold for cash. There are lots of these cash for gold firms and shops appearing on the television, internet; even the high street is starting to be full of shops all wanting gold for cash. The increase in the scrap gold price has something to do with this but you will be hard pushed to get as much for your gold from these places as selling it on eBay. Looking at recent results 7 pairs 9ct gold earrings 8gms sold for £85.52 which is about £10.50 per gram and 31.9gms of scrap 9ct gold for £323.23 which again is over £10 per gram which is better than any other place I have seen offering to buy scrap gold.