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How much is gold worth?

The worth of gold is a challenging question to answer because the actual monetary amount changes frequently. The gold market sees fluctuations in price on a daily basis and, while the price of gold tends to rise rather than fall, it is not unheard of for gold prices to drop suddenly.

Several things have an affect on the value of your gold investments. While the current market price for gold may be over £715.22 ($1,100.00 US), the value of your gold is determined by it's purity and the local market. 24 carat gold, being the purest form of gold available, will command full market price while gold with impurities of various levels will have an incrementally lower value.

The local market in the area where you are trying to sell your gold will also affect it's value. In areas where gold is plentiful, the value will go down significantly but in places where limited reserves of the precious metal are available, the price may exceed that of the global market price.

Over the five year period from 2005 to 2010, gold has seen a substantial increase in it's worth as it has raised from a global market price of just over £260.08 ($400.00 US) to well over £715.22 ($1,100.00 US) in April of 2010.

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