How is gold sold?

Gold is considered one of the most important elements of all time due to its scarcity and beauty and consequently its high price. For these reasons, people relied on gold to mint coins in the past, along with silver, of course, which has a lower value than gold. It was also a means of adornment for women and men, so jewelry and jewelry were made from it. And some utensils and items that the wealthy use to show off. However, recently, after banknotes replaced gold currencies, countries have relied on gold to give value to these currencies, by placing a gold reserve that gives value to the currency. Gold prices globally are subject to the stock market, so the price of gold is a fluctuating price. It depends on many factors that contribute to determining its value. However, it is known that gold does not lose its value with the passage of time, as it is the original. That is why some people buy gold whenever the opportunity allows because it is the safest way to preserve money. Cash currency may lose its value, and when its price falls, a collapse may occur in the prices of currencies that depend for their reserves on This is foreign currency, but gold remains the surest means of preserving money from loss and decrease in value.

Because of these reasons, gold trading has spread and become an obsession that dominates the minds of many who dream of owning and trading in gold. Gold trading is one of the most profitable types of trade, which has encouraged many people to invest their money in it.

There are many types of gold trade, and the first type is trade in raw gold, which is gold in its original forms, such as gold bullion or gold coins, except for jewellery. As for bullion, it is traded in buying and selling through companies approved for this purpose in addition to banks, which rely on the global stock market to price gold. And today's price. Bullion is bought and sold through reliable gold dealers who display some gold bullion of different weights in their showrooms. As for gold coins, they are traded through gold coin dealers, and this method is considered one of the most dangerous ways, while gold is bought and sold through private accredited companies or through gold dealers in their stores and showrooms, who are known for their specialization in buying and selling gold coins. As for used gold, it is sold to jewelers who burn it to remove impurities and purify it, or a percentage of its weight is deducted instead of burning it. The gold is also separated from the rest of the precious stones and from anything stuck in it.