About
Gold Price Singapore
Further Understanding
Practical information on the Gold Price Singapore
Simply What is Gold?
Changing Gold Prices
Why does the price of Gold Change?
Check out a couple of reason below:
Gold can act as a hedge for inflation
Changing Gold Prices
It is a hedge against risks.
People opt for Gold because it provides a hedge during a crisis, like during situations that make paper investments’ value like bonds and equities decrease. The market risks make Gold attractive to investors since metal’s beta is always low. However, its fluctuating price power renders it unreliable in some cases. For instance, the gold price might rise amid a crisis and crash when the economy recovers.
9999 Gold
What is 9999 gold and how does it differ from 999 gold?
9999 Gold is also called 24 karat gold and is the highest purity the is used for Jewellery. There are higher levels of 99999 gold (5 nines) and the Perth Mint refined to 999999 gold (6 nines) the purest gold ever produced back in the 50’s.
Because Gold is malable the higher purity they can really only go to 9999 gold (24 Karat Gold)
999 fine gold and 9999 fine gold are distinct. Because of the difference, 9999 gold is considered to be more refined. The term “refined gold” refers to gold that has been processed to remove most of its impurities.
