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Gold has been pricing out over $580.00 an ounce in recent weeks. Earlier this year the price was $730.00 an ounce. On May 12th, the price reached a 26 year high of $732.00 an ounce. Since then, prices have dropped twenty-two percent which still leaves the price in the $580.00 an ounce range.
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Prices for gold jewelry seems to depend more on the design value of the jewelry than the actual amount of gold contained in it. According to the World Gold Council, sales in the United States seem to be rising. The Council believes the US customers buy gold for adornment, not the investment value of the jewelry
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