Gold has long been viewed as a reliable store of value, but if you are thinking about selling gold in New Zealand, you may wonder how the gold price is actually set and what determines how much your gold is worth. Understanding these factors can help you make informed decisions and sell with confidence.

Global spot price 

At its core, the gold price is based on the global spot price, which is set through international trading markets. This price reflects real-time supply and demand for gold worldwide and is usually quoted in US dollars per ounce. Because gold is traded globally, events such as economic uncertainty, inflation, interest rate changes, and geopolitical tensions can all cause prices to rise or fall.

Exchange rate impact

In New Zealand, the gold price is also influenced by the NZ dollar exchange rate. Even if the global gold price remains steady, fluctuations in the NZD can impact the value you receive locally. A weaker NZ dollar often means higher local gold prices, while a stronger dollar may reduce them.

Quality counts

The purity and weight of your gold are equally important. Gold is measured in karats or fineness, with higher purity gold generally commanding a higher price. Investment-grade gold bars and bullion are typically valued very close to the spot price, while jewellery may be adjusted based on purity and condition.

Market demand within New Zealand can also play a role. During times of economic uncertainty, demand for gold often increases, which can support stronger prices.

Speak to the experts

At Gold House NZ, our experienced appraisers assess all gold based on current market rates, purity, and weight, ensuring you receive a fair and transparent valuation. Whether you are selling gold bars, bullion, or jewellery, understanding how gold prices work helps you sell at the right time and with total peace of mind.