As of right now, the price of gold is $1,988 per ounce, down from yesterday’s high of $2,052. Yesterday’s gold valuation came close to reaching the all-time record high of $2,063 set in August 2020.

So what do these high gold prices mean for you? Well, it means that now would be a great time to consider selling any gold jewelry you may have in your jewelry box that you no longer wear. Bring your outdated gold jewelry to a jeweler you trust to receive a cash offer for its scrap value.

And if you’re in the market for new gold jewelry, you may want to consider buying already-made pieces instead of having something created from scratch (at least for the time being). At Kloiber Jewelers, we know that the price of gold fluctuates daily, so unless we see a major change in price that we know is going to stay relatively constant, we don’t increase the prices of our already in-stock jewelry to reflect the ever-changing market.

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