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

According to Cookson’s gold website, the price of gold this month has had a high of £28.27 per gram on Tuesday 9^th November and a low of £26.86 per gram on Wednesday 3^rd November, bringing the average for the month so far to £27.50 per gram.

The average price of 9 carat scrap gold for the month is £9.95 per gram.  The 14 carat scrap average is £15.53 per gram, the 18 carat scrap average is £19.91 per gram and the 22 carat scrap average is £24.31 per gram.

Let’s take a look at the prices that gold bullion, gold coins and gold scrap was sold for on eBay this month:

Krugerrands

The South African Krugerrand is a 1 ounce gold bullion coin.

On the 27^th November, a 1974 Krugerrand sold for £890 after receiving 3 bids.

Also on 27^th November a set of three Krugerrands sold for £2,600 after receiving 6 bids, making the price just under £867 each.

In eBay shops a buy-it-now price of £925 was achieved for a Krugerrand in immaculate condition

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Gold sovereign coins

Gold sovereign coins are always popular on eBay, and this month is no exception.  The full gold sovereign weighs a fraction under 8g of 22 carat gold.

The common George V full gold sovereign has been selling for around £210-220 this month, although a 1917 sovereign from the Melbourne Mint sold for £266 on 28^th November.

A high price was achieved for a rare 1817 George III sovereign in uncirculated condition, which went for £1,295 on 2^nd November.

The cheapest price paid for a full sovereign was £185 for a 1974 sovereign on 20^th November. The description and picture of this coin was so bad that the buyer had to take a risk with what they were getting.

Someone was lucky enough to pick up a real bargain with a 1906 half sovereign going for just £75. At that price you could buy one of the new quarter sovereigns.

Scrap Gold

Scrap gold is something else that continues to sell well on eBay with the prices achieved being close to what you would get by taking your scrap gold direct to a dealer.  On 28^th November 29.4g of 9 carat scrap gold sold for £310.85 which at just over £10.57 per gram is a little above market price.