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Live Gold Price upward trend

Live Gold Price

Buy or Sell Your Gold & Sell Silver in Largo, Tampa or Online

We Pay the Most for Gold & Silver

Trusted Gold Buyers Since 1984

Transparent Prices, Quick Payment

Live Gold Price upward trend

What We Pay For Gold - Live Gold Price

Explore our Live Gold Prices! Sell your gold, silver, platinum, and diamonds to Arnold Jewelers located in Largo, Florida – since 1984.  If we can pay a premium for something that has a re-sale value above its metal value we will; otherwise, we will pay you 85% of the current market value.

*Arnold Jewelers reserves the right to adjust these prices during a volatile market.*

Karat Pay Out Per Gram Pay Out Per Pennyweight Pay Out Per Ounce
10kt $25.83 $40.17 $803.43
14kt $35.83 $55.71 $1,114.11
16kt $42.00 $65.30 $1,306.07
18kt $46.45 $72.23 $1,444.59
22kt $57.65 $89.64 $1,792.87
24k Bullion $74.86 $116.41 $2,328.10

 

Demystifying Gold: Answers to Your Common Questions

Gold has fascinated and dazzled humanity for centuries. It’s not just a symbol of wealth and luxury; it’s also an intriguing and valuable commodity. But with all its allure, gold can be a bit perplexing, especially if you’re new to the world of precious metals. Let’s unravel some common questions about gold and get to know this shimmering element a little better.

What Is Spot Gold?

Spot gold refers to the current market price of gold, the “spot price.” It’s the price at which gold can be bought or sold for immediate delivery or settlement. This price is influenced by various factors, including supply and demand, economic conditions, geopolitical events, and currency fluctuations. The spot price serves as a benchmark for valuing gold in its various forms, including coins, bars, and jewelry. Spot gold pricing changes regularly, so Live Gold Prices help customers to keep tabs on where the gold market is at.

What Is a Troy Ounce?

A troy ounce is a unit of measurement used for precious metals like gold and silver. It’s slightly heavier than the avoirdupois ounce, which is the common unit of weight in the United States. One troy ounce is equivalent to approximately 31.1035 grams. When buying or selling gold, prices are often quoted in troy ounces, so it’s essential to be aware of this distinction.

What Is Pennyweight?

Pennyweight (abbreviated as “dwt”) is another unit of measurement for precious metals like gold. One troy ounce is equivalent to 20 pennyweights. While troy ounces are more commonly used for larger quantities of gold, pennyweights are often used for smaller, more detailed measurements, especially in the context of jewelry.

Why Are Different Karats Different Prices When Investing in Gold?

Gold purity is measured in karats (not to be confused with carats, used for measuring gemstone weight). Karats denote the proportion of pure gold in a piece of jewelry or a gold alloy. The most common purities are 24K (pure gold), 18K, 14K, and 10K, with 24K being the purest.

The reason different karats are priced differently when investing in gold lies in their purity. Higher-karat gold contains a higher percentage of pure gold, making it more valuable. However, it’s also softer and more prone to wear and tear, which can affect jewelry’s durability. So, while 24K gold is the most valuable per gram, jewelry is often made in lower-karat alloys for durability and cost-efficiency.

Investing in gold is about understanding the balance between purity, value, and practicality. Different karats offer different trade-offs, allowing you to choose based on your preferences and needs.

Gold is more than just a shiny metal; it symbolizes history, wealth, and beauty. Understanding its nuances, from spot prices to troy ounces and karats, empowers you to make informed decisions, whether you’re buying jewelry, investing in gold bars, or simply admiring this timeless treasure.

Why should one be cautious of buying gold below spot price?

Buying gold below its spot price can be appealing, as it seems like a potential opportunity for a bargain. However, it is crucial to exercise caution when encountering such offers. There are a number of reasons why one should approach buying gold below spot price with skepticism.

Firstly, the gold market, like any other industry, is not immune to individuals seeking to take advantage of unsuspecting buyers. If an offer appears too good to be true, it is likely because it is. Those attempting to sell gold below its spot price may very well be peddling counterfeit gold coins or bars, which carry no real value.

Additionally, it is important to consider the concept of the premium associated with the spot price. The spot price represents the current value of the metal itself, but the premium is an essential component of the entire gold supply chain. It covers the costs associated with mining, refining, minting, and retailing, ensuring the viability of the industry and allowing for a profit to be made. Without this premium, the process of extracting gold from the ground and distributing it would not be sustainable, and thus, a functioning market would cease to exist.

Therefore, when encountering gold that is listed below its spot price, it is prudent to default to suspicion. The potential risks involved, such as receiving counterfeit gold or participating in an unsustainable transaction, far outweigh the temporary allure of a lower price. It is crucial to ensure the authenticity and legitimate sourcing of any gold purchase in order to protect one’s investment and avoid potential financial losses.

 

Looking to Sell Gold in Tampa?

We Pay the Most for Gold & Silver

Arnold Jewelers is paying 90 to 100% of the actual value for gold & silver and unlike our competition, our gold & silver prices are live off the current market so you will know what to expect to get – See the chart above.

  • Don’t be fooled by all these other companies looking to buy gold and silver in Tampa, St. Pete & Clearwater for 30-50% less meanwhile saying they pay the most – we guarantee our offer will be more! It pays to check multiple sources before selling your gold and silver to the first person you go to.

Arnold Jewelers is located in Largo, Fl only 20-30 minutes away from Tampa making us an ideal stop to sell your gold. We are a small family-owned business that has been dealing in gold and silver for over 30 years now.

Whether it is broken, damaged, or perfectly fine we are an incredibly strong gold and silver buyer in Pinellas County, Tampa Bay, and all of Florida. We will even pay above and beyond for some gold and silver pieces depending on the age and design of the items.

We also buy:

Sterling Silver Flatware
Diamonds (1ct & Up)
Gold Nuggets
Designer Jewelry:  David Yurman, Tiffany & Co., & More
Coins & Bullion
Paper Money/ Currency
Watches: Rolex, Patek Phillipe, Cartier, Omega, & Vintage Watches

and more.

 

There are several key factors that play a crucial role in determining the price of gold. These factors encompass various aspects and include:

  • Economic Conditions: The state of the global economy significantly impacts gold prices. Factors such as inflation rates, interest rates, and overall financial stability influence the value of gold. During economic uncertainty or high inflation, gold is often seen as a safe-haven asset and tends to rise in value.
  • Geopolitical Events: Political instability, conflicts, and trade tensions can substantially affect gold prices. Investors often turn to gold as a safe-haven asset during times of geopolitical turmoil, which causes the demand for gold to increase and subsequently affects its price.
  • Currency Movements: The value of the U.S. Dollar has an inverse relationship with gold prices. When the U.S. Dollar weakens, gold becomes more attractive to international investors, resulting in higher demand and increased prices.
  • Central Bank Policies: The actions taken by central banks regarding gold, such as buying or selling, can impact its prices. Large-scale purchases or sales by central banks can significantly affect the supply and demand dynamics of the gold market, thus influencing its overall price.
  • Supply and Demand: The balance between the supply and demand for gold is crucial in price fluctuations. Factors such as mining production and jewelry consumption contribute to the supply and demand dynamics of gold. Scarcity or excess supply can lead to significant shifts in price.
  • Investor Sentiment: Market sentiment and speculation behavior can drive short-term price movements in the gold market. Events, news, and overall sentiment can cause rapid price swings as investors react and adjust their positions accordingly.
  • Technical Analysis: Traders often utilize technical indicators and charts to make short-term predictions about gold price movements. This includes analyzing moving averages, support and resistance levels, and other technical patterns. Some traders even utilize algorithmic trading patterns based on technical analysis, adding to the complexity of the gold market.

In summary, the key factors influencing gold prices encompass economic conditions, geopolitical events, currency movements, central bank policies, supply and demand dynamics, investor sentiment, and technical analysis. These factors collectively contribute to the fluctuations in gold prices, making it an intricate market to analyze and understand.

Frequently Asked Questions About Buying Gold & Silver

Over the long term, the price of gold has shown consistent appreciation, with an average annual rate of return of approximately 7.78%. This observation is based on the analysis of gold prices spanning from 1971 to 2022. Throughout this period, gold has exhibited a steady increase in value, highlighting its potential as a lucrative investment option.

We ONLY accept:

  • precious metal jewelry
  • genuine precious gems
  • diamonds
  • broken gold
  • silver coins
  • gold coins
  • rare coins
  • rare currency
  • sterling silver flatware
  • designer jewelry
  • watches

We do NOT purchase the following:

Non-precious metals or item that are gold-filled, gold or silver plated, or gold electroplated, this includes items that are stamped 1/10, 1/20, GE, RGP, or HE as these are indicators items are filled or plated. This includes silver-plated flatware. Any of these items included will not be returned.

If you are not sure what you have, please call us at 727-586-0414 or come on in the store and we would be happy to take a look at it for you.

Non-precious metals or item that are gold-filled, gold or silver plated, or gold electroplated, this includes items that are stamped 1/10, 1/20, GE, RGP, or HE as these are indicators items are filled or plated. This includes silver-plated flatware. Any of these items included will not be returned.

If you are not sure what you have, please call us at 727-586-0414 or come on in the store and we would be happy to take a look at it for you.

Certainly! We would be happy to provide an estimate of your jewelry’s value over the phone. Additionally, you can utilize our Live Chat feature to directly communicate with one of our knowledgeable staff members for an estimate or any other inquiries you may have. Texting or emailing clear photos helps us to determine what we would pay for your item.

Text Us Photos At: (727) 361-9103  Email Us Photos: [email protected]

*Please note that the estimate is subject to change upon assessment of the item’s weight, condition, and authenticity when it is received in person.

You must be at least (21) years of age to sell anything to Arnold Jewelers and also be the actual legal owner of any and all gold & diamond jewelry and other property sold or attempting to be sold to Arnold Jewelers. You must be acting on your own behalf and not as the agent or representative of any other person. Proof of identification will be required for all selling transactions.

Yes! Stop by our store during our business hours Tuesday through Sunday 9am to 5pm to sell to Arnold Jewelers in Largo today!

Don’t live in the Tampa Bay area? You can mail in your jewelry, coins, bullion or Rolex!

You do not need to schedule an in-person buying consultation at Arnold Jewelers in Largo. Simply come in during our store hours, and our Numismatist, Gemologist, or Rolex specialist will take a look at your applicable items.

We Buy:

  • Rolex
  • Gold & Silver
  • Coins
  • Diamonds
  • Vintage Jewelry
  • Jewelry
  • Trading Cards
  • Vintage Video Games
  • Comic Books
  • Paper Currency

Once assessed, you will receive a written offer on the spot. Upon acceptance of the offer, you will receive payment immediately. We pay the most for gold, silver, coins, Rolex, and diamonds in the Tampa Bay Area.

Get the Best Price for Your Jewelry, Coins, Rolex and Bullion!

 

Whether you are mailing in your item or bringing it to us in person at our jewelry store in Largo, we guarantee your items will be safe and secure throughout the entire process.

Mail In Items:
We Buy Gold, Silver, Coins, Rolex, Trading Cards, Diamonds and more online.

  • Fill out the Online Mail-in form for Gold or Silver
  • Package up your goods and send them via mail! We will reimburse up to $15 of shipping costs
  • We will inspect your items, and you will receive a final offer.
  • Upon our offer, you will receive payment.
  • For our mail-in services, you can choose to have an immediate payment sent to you through PayPal, or we can send you a check.

We do! We pay 90% and up for gold bullion. We are happy to show you how to calculate gold prices so you can do that math yourself and see that we are being honest. We pay the most for gold in Tampa. Need proof? We are so confident as gold buyers, that we often suggest that people shop around for prices.

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scrap gold on scale with live gold price

Zack also helped me with my coin collection. He paid me $2,000 more than my other quotes.

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Glenn

We came in to sell some gold. While other places claim to pay top dollar, Arnold Jewelers actually does...

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Phil

I had an excellent experience selling an antique Atocha coin... Arnold Jewelers was responsive, fair, answered all my questions and paid promptly.

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Kim