Why does the gold price fluctuate?
Why do the prices of some gold items fluctuate?
You may wonder why the price of some gold jewellery is set and others seem to fluctuate from day to day. 24K gold jewellery is priced based on the workmanship of the piece and the gold weight.
The jewellery industry operates on something called "gold price on date of purchase". For this reason, our quotes are valid for up to 24 hours or the end of the business day, whichever comes first.
In general the lighter the item's gold weight is the less likely it will be affected by fluctuating prices and we can confidently offer them at a set price based on their workmanship.
You can easily find the current day gold price through your bank, commodity brokers, precious metal dealers, and the financial page of the daily newspaper.