Gold valuation

[clarkmagpie]

Hi,

Had a 9ct yellow gold plain solid ingot block weight 30grams valued at £400 in 1996 for insurance purposes.
Just wondering what the estimated value would be these days?

Thanks.

[ManicMunky]

£240 says Google!

[Sir Bagalot]

£240ish is scrap value. Replacement value for insurance purposes will be different, and at least double that.

Go to a Jeweller and ask for a valuation or price it up your self

[Ozzie Osmond]

Nice graph of price movement here,

https://en.wikipedia.org/wiki/Gold_as_an_investmen...

Gordon Brown ("Ten years prudent management of the economy.") sold UK's gold reserves right at the bottom of the market, around 1999/2000.

[clarkmagpie]

Damn, no retiring for me just yet

[EddieSteadyGo]

Sir Bagalot said:

£240ish is scrap value. Replacement value for insurance purposes will be different, and at least double that.

The actual true value of a small ingot block would be the scrap value, as they isn't really any craftsmanship in making an ingot.

We use Presman for melting gold; this links shows the current prices.

https://www.mastermeltgroup.com/presman/prices/scr...