If you’re thinking about selling gold in NZ, it helps to understand what determines its value. At DollarDealers, we aim to make the process simple and transparent so you know exactly what influences the price of your gold.

The Global Spot Price

The value of gold begins with the spot price, which is the current international market rate. This fluctuates constantly due to global economic conditions, inflation, and market demand. Because gold is traded in US dollars, changes in international markets directly affect the price you’ll see in New Zealand.

The New Zealand Dollar Factor

Gold is priced globally in US dollars, so the strength of the New Zealand dollar (NZD) affects local gold prices. A weaker NZD can increase the value of your gold in NZD, while a stronger NZD can reduce it. At DollarDealers, we keep our valuations up-to-date with these trends to ensure fair offers.

Purity, Condition, and Local Demand

Your gold’s worth also depends on its purity, condition, and local demand. Pure gold, such as 24K, typically commands higher prices than lower karat items. Well-maintained jewellery, coins, or bullion can also attract better offers than damaged or heavily worn pieces.

Sell Gold with Confidence at DollarDealers

DollarDealers makes it easy to turn your gold into cash quickly. With stores conveniently located across Auckland, Hamilton, Tauranga and Rotorua, you can sell your gold safely and confidently. Our team provides transparent, competitive valuations based on the current gold price, item quality, and local demand.

By understanding these factors, you can make informed decisions and get the most value for your gold in New Zealand.