Where is the cheapest gold and how to choose it?

Gold products do not lose relevance for many centuries and remain in demand today. This precious metal has an unlimited shelf life. Gold jewelry are of high quality, they look rich and elegant. It is worthwhile to figure out what the price of precious metal products depends on and where you can buy the cheapest gold.

Since ancient times, gold has been the 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 product, this is a great way to invest.. As a currency, gold is sold and bought every day in the metals market. The most reliable is considered the price of precious metal on the London Stock Exchange, because here the first operations are carried out with him after extraction (without the participation of intermediaries).

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

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

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

Many are interested in the important question of where the cheapest gold is sold in the world. The price of yellow metal depends on many factors. Among them and stock quote, and inflation, and the cost of duty, VAT. Also taken into account and world reserves this precious metal. Most 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.. It produces the most beautiful and elegant decorations.

Many go to buy yellow metal products in the UAE. Dubai is called the "Golden City", because it is in it that they import ingots and jewelry from around the world. Moreover, the price of such products here is 18% lower than in other countries. Certain reasons contribute to this, including:

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

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

You can go shopping for similar items in Dubai. at Gold and Dimond Park. Here you can get a certificate for the goods, so the purchase of a fake is minimized. During the discount season, you should go to small shops located in large shopping centers, boutiques and jewelry workshops. For original jewelry go to the market. Here you can find many products with natural stones. The jewelry workshop employs specialists who make products by special order for 2 days.

On the model with diamonds, certificates are issued confirming the quality of the goods. Gold is sold in the United Arab Emirates 18 carats (sample 750). You can also find cheaper products with 585 breakdown or with 999 breakdown. The low price of yellow metal in the country is determined increased demand and high turnover, and low 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 give you the opportunity to purchase your favorite product at an affordable cost.

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

According to experts, for the manufacture of jewelry using alloy, which, in addition to gold, includes copper. That is why the color of the finished product is obtained 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 fade 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 of this product, they 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 costs less. Here 1 gram will have a price from 7 to 12 dollars. Although the price of Turkish gold is lower than in Dubai, the quality of such products leaves much to be desired.

Another country where you can go for such purchases 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 cheap labor. At the same time, the premium on 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. Gold is sold in this country without impurities. The test on products here is more often 999, 900 and 950. Mostly massive jewelry is sold here.

When choosing a gold jewelry, you should visually evaluate it. It should have a smooth polished surface. If you drop a gold bauble to the surface, it will make a clear and clear sound. When purchasing gold products, it is worth paying attention to certain points.

1. Do not succumb to the marketing tricks of stores offering to buy goods on sale. Typically, the price of a discounted product is equal to the initial overpriced price of the product without it.
2. Before choosing a product, you should study the prices of similar products 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 bulk purchase. A 10-15% discount in this case will be appropriate.

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

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