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What is the 22ct Gold Rate per gram?

The 22ct gold rate per gram is definitely not the same as the 22ct gold price per gram, although they are often confused with one another. It is difficult to clarify this confusion unless you first understand what each of the two notions means. The gold rate is the official trading rate settled by the stock market every day for gold, as well as for certain currencies. It is actually an exchange rate because that is what you do: you exchange gold for money, or money for gold just like you exchange dollars for Euros and the other way around. There is a history of the gold rate just as there is a history of the dollar exchange rate, for example. The rate per gold gram, no matter which type of gold doesn’t represent the actual selling or buying price of gold.

Gold Prices

The gold price per gram instead represents the actual amount of money that you will pay for a gram of manufactured gold. There are very rare situations when you would pay for raw gold. That is only for big gold investors and it is dealt in its own market. When people say gold price, they really mean many things:

  • Gold jewelry price
  • Gold coins price
  • Second hand gold lingo price

The Gold Price Is a Complex Notion

No matter the situation, the gold price depends on many things:

  • The official 22ct gold rate per gram or that of the gold type you are interested in
  • Gold investments
  • Inflation value
  • The state of the gold objects
  • The rarity of the objects
  • How old the objects are
  • The purity of the gold

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