Where is the cheapest gold located and how to pick it?

Gold items do not lose their relevance for many centuries and remain in demand today. This precious metal has an unlimited shelf life. Gold jewelry is of high quality, it looks rich and sophisticated. It is worth figuring out what determines the price of precious metal products and where you can buy the cheapest gold.

Since ancient times, gold has been a subject of bargaining. It has always been considered a very expensive metal, which is why they began to use it as money. Now this yellow metal is considered an independent commodity, it is a great way to invest.... As a currency, gold is sold and bought every day in the metals market. The most reliable is the price of the precious metal on the London Stock Exchange., because here the first operations are carried out with it after production (without the participation of intermediaries).

The price of gold in a jewelry store will depend on current courseas well as other components. So, the cost of gold in a store can be determined by the following criteria:

• precious metals course (gold, platinum, silver, etc.);
• the price of stones used, including diamonds;
• the cost of producers' work;
• markup of a store selling jewelry;
• discounts;
• the cost of delivery of the goods, i.e. transportation costs;
• intermediary services.

The price of the product may increase due to the addition of various alloys, other materials and metals to the jewelry.

Many are interested in the important question of where the cheapest gold is sold in the world. The price of the yellow metal depends on many factors. Among them and quoted on the stock exchange, and inflation, and the cost of duty, VAT... Also taken into account and world reserves of this precious metal. Most of the gold is produced in North America, Africa and Australia.

It is cheapest to buy gold in certain countries such as the United Arab Emirates, Thailand, Egypt, as well as Singapore, China and Croatia.... The most beautiful and graceful jewelry is made here.

Many go to the UAE to buy yellow metal products. Dubai is called the "Golden City", because it is where ingots and jewelry from all over the world are imported. At the same time, the price for such products is 18% lower here than in other countries. This is facilitated by certain reasons, including:

• low duty on jewelry made of precious metals in force in the United Arab Emirates;
• the lowest cost of gold per 1 gram;
• large supplies;
• discounts from merchants, bargaining.

For those who come to the UAE for shopping, it is better to go to the market called GoldenSouk. It is here that you can find fine jewelry of 750 and 585 assay value. This market is famous for the fact that the price of the precious metal here will be lower than in other markets, which is why buyers from all over the world come here.

You can go shopping for similar products in Dubai at Gold and Dimond Park. Here you can get a certificate for the product, so the purchase of a fake is minimized. In the season of discounts, it is worth going to small shops located in large shopping centers, boutiques and jewelry workshops. They go to the market for original jewelry. Here you can find many products with natural stones. The jewelry workshop employs specialists who make products according to a special order within 2 days.

Models with diamonds are issued with certificates confirming the quality of the goods. In the United Arab Emirates, gold is sold in 18 ct (fineness 750). You can also find cheaper products with 585 breakdown or with 999 breakdown. The low price of yellow metal in the country is due to increased demand and high turnover, and small duties on similar products. Going to the UAE for gold items, you should know that when buying them, bargaining is not only possible, but simply necessary, because a certain price is not set for expensive jewelry. This will make it possible to purchase the product you like at an affordable cost.

Going on a tour to Turkey, many cannot resist the temptation to purchase a beautiful piece of jewelry for themselves. And this is not surprising, because gold from Turkey is comparable to European gold. The look of such products is simply gorgeous, and the price for them is quite reasonable. But when purchasing such products, it is important to know that in Turkey this yellow metal is not mined, here only beautiful jewelry is made of it.

According to experts, for the manufacture of jewelry, an alloy is used, which, in addition to gold, includes copper... That is why the color of the finished product comes out with a beautiful yellow tint. Due to the presence of a large amount of copper in the alloy, under the influence of high temperatures and moisture, such products later tarnish and lose their original, more attractive appearance.

Turkish products usually have a high standard, but in reality this is not always the case, because the percentage of gold there is low. As a result, the products may crack or deform after a short time. In addition, wearing such jewelry can cause allergic reactions.

If we compare the cost of gold in Turkey and the United Arab Emirates, then in Turkey it is cheaper. Here 1 gram will have a price of $ 7 to $ 12. Although the price of Turkish gold is lower than in Dubai, the quality of such items leaves much to be desired.

Another country where you can go for such shopping is Thailand. This is due to the fact that in Pattaya the cost of jewelry is lower than in other countries, and the quality of such products meets the standards. The price of jewelry in Thailand is low due to the cheap labor force. At the same time, the markup for products will be no more than 10%, which is much less than in other countries. It is recommended to purchase finished products only in specialized jewelry stores.

It should be noted that in Thailand, the color of gold jewelry may seem unusual - it is bright yellow... In this country, gold is sold without impurities. Samples on items here are more often 999, 900 and 950. Basically, massive jewelry is sold here.

When choosing a gold piece of jewelry, you should visually evaluate it... It should have a smooth, polished surface. If you drop a gold trinket on the surface, it will make a clear and clear sound. When purchasing gold items, you should pay attention to certain points.

1. Do not fall for the marketing gimmicks of stores offering to buy goods on sale. Typically, the price of a discounted item is the same as the original overpriced item without it.
2. Before choosing a product, you should study the prices for a similar product in other stores. The cost of the same item can vary dramatically in different places.
3. Do not fall for the trick of sellers who talk about a lifetime warranty, thereby distracting buyers from the high price.
4. Many jewelry stores sell goods at a price several times higher than the wholesale purchase. A 10-15% discount would be appropriate in this case.

Usually people do not like to spend extra money and tend to purchase quality goods for little money.

For how much gold costs in the UAE, see the next video.