Gold

MARKET OF GOLD IN THE MIDDLE EAST

MIDDLE EASTERN GOLD TRADERS

Gold is a noble metal for all buyers and sellers in Middle East countries. Discovery of gold and when was gold discovered and gold mining. Six uses od gold in Jewellery, Money/finance investment, Collateral for a loan Dentistry, Medicine. The basis for the cost of making jewelry is determined based on its design. Buying and selling jewelry and gold is one of the sales that has many mysteries and stories. Terms of sale by consumers are also different and affective on the construction wage and the seller's profit and The quality of the stone is the concern of many jewelry buyers. The easiest way to identify second-hand gold is to look at its appearance, lock and strap and Most gold is loaded with the English letter K next to a number that indicates its grade. Analysts look positively at the future of gold.

How is West Asian Gold Market

Gold is a noble metal for all buyers and sellers in Middle East countries
Gold is a noble metal for all buyers and sellers in Middle East countries

Gold is a chemical element with the symbol Au and atomic number 79 and is one of the elements with high atomic number that exists in nature. Gold is pure, a shiny metal, reddish yellow, dense, soft, malleable and flexible.

Gold is chemically a transition metal and a member of group 11. It is one of the least reactive chemical elements that is solid under normal conditions. Gold metal, often in the form of a free element in the form of metal fragments or grains, is present in rocks, veins, and alluvial deposits, and is present in a series of solid solutions with the element silver (electrum). It also alloys naturally with copper and palladium.

Gold will not tarnish
Unlike silver which can degrade in the air over time, Gold will not rust or taint. Gold, in particular, is extremely difficult to corrode. Only very strong acids such as nitric acid and hydrochloric acid can cause Gold to become damaged. This is why wedding bands are traditionally made of gold, as they are guaranteed to stand the test of time.

Gold is a noble metal
Gold is a noble metal. Noble metals are a group of metals which do not corrode over time under normal conditions.
 

History of Gold Metal Discovery In West Asia

Discovery of gold and when was gold discovered and gold mining
Discovery of gold and when was gold discovered and gold mining

When Spanish explorers first arrived in the New World, they met with Native Americans. The two cultures were separated by a vast ocean, they had never met, they spoke different languages, and they did not live completely different habits. However, they had one thing in common: they both respected Gold and used it to build some of their most important objects.

Very high luster, good yellow color, rust resistance, good malleability are all characteristics of an attractive metal that is easily used in beautiful objects. Another very important factor that requires the use of Gold as a jewelry metal is the tradition that expects important objects to be made of gold.

Throughout history we have used this metal for wedding rings, Olympic medals, Oscars, art and church crosses, and so far no other material has been able to occupy the prominent place of this metal in human society. Gold is a relatively rare element and a precious metal that has been used as a neutron reflector in nuclear weapons (w71) and for coins, jewelry, and other arts throughout history.

In the modern world, high flexibility, resistance to corrosion and other chemical reactions, and electrical conductivity have led to the continued use of this metal in corrosion-resistant electrical connections in a variety of computer devices (its main industrial application).

It is also used in infrared protection, the production of stained glass, yellow plates and tooth restoration. Some Gold salts are still used as anti-inflammatory in medicine. Since 2017, China is the world's largest Gold producer with 440 tons per year.

One gram of Gold can be converted into a sheet of 1 square meter. Gold foil can be thin enough to be translucent, the light transmitted in this state appears greenish blue, because the metal reflects intensely yellow and red.

Such translucent sheets also strongly reflect infrared light, making them useful as infrared shields (radiant heat) in heat-resistant clothing and space clothing. This metal is a good conductor of heat and electricity.

Pure Gold is very soft to withstand the pressures of many jewelers. Artisans have learned that Gold alloys with other metals such as copper, silver and platinum increase its durability. Since then, most Gold alloys with one or more other metals have been used to make jewelry.
 

Applications of gold metal in various industries

Six uses od gold in Jewellery, Money/finance investment, Collateral for a loan Dentistry, Medicine
Six uses od gold in Jewellery, Money/finance investment, Collateral for a loan Dentistry, Medicine

Investment and Making Money with Gold
As Gold is so valuable and its supply is so limited, it has long been used as a medium of exchange or money. The first known use of this metal in transactions dates back to more than 6,000 years. Early trades were made using pieces of Gold or pieces of silver. The rarity, usefulness and desirability make this metal a valuable material for a long time. Gold works well for this purpose because it has a high value and is also durable, portable and easily divisible.

Today, Gold coins are no longer widely used for financial transactions. However, coins produced in certain weights are a common way that people can buy and own small amounts of this metal for investment.

Using Gold in electronics
The most important industrial application of this metal is in the manufacture of electronic devices. Electronic devices operate with very low voltages and currents that are easily interrupted by corrosion or staining at the contact points. Gold is a very efficient conductor that can withstand these tiny currents and protect against corrosion. Electronic components made of this metal are highly reliable and are used in connectors, switch joints, solder joints, connecting wires and strips.

A small amount of this metal is used in almost every advanced electronic device. These devices include cell phones, calculators, personal digital devices, Global Positioning System (GPS) units and other small electronic devices. Most large electronics, such as televisions, also contain this metal.

One of the challenges of using Gold in very small quantities in very small devices is not consuming large amounts of this precious metal. The problem is that about one billion mobile phones are produced every year, and most of them are worth about fifty cents of gold. Their average lifespan is less than two years and very few are currently recycled. Although the amount of this metal in each device is small, but a large number of them can be large.

Using Gold in computers
This metal is used in many places in desktops or laptops. Fast and accurate transfer of digital information through a computer from one component to another requires an efficient and reliable conductor. Gold meets these needs better than other metals. The importance of high quality and reliable performance justifies the high cost.

The edge connectors used to install the microprocessor and memory chips to the motherboard and the plug and socket connectors used to connect the cables all contain this metal. Gold in these components is generally plated on other metals and alloyed with small amounts of nickel or cobalt to make it more durable.

Applications of Gold metal in dentistry
This metal is used in dentistry due to its excellent performance and aesthetic appeal, and its alloys are used for fillings, crowns, bridges and orthodontic appliances. The metal is chemically inert and non-allergenic, making it easy for dentists to work with.

Medical applications of gold
This metal is used as a medicine to treat a small number of medical problems. Injections of weak solutions of arotiumlate sodium or arthritoglucose are sometimes used to treat rheumatoid arthritis. In addition, radioactive Gold isotope particles are implanted in tissues to act as a radiation source in the treatment of certain cancers.

Many surgical instruments, electronic equipment, and life support devices are made using small amounts of this metal. Gold is non-reactive and is very reliable in electronic equipment and life support devices.

Use of Gold in aerospace
Gold is the best option if you want to spend billions of dollars on a vehicle that does not require lubrication, maintenance and repair when starting and traveling. This is exactly why the metal is used in hundreds of ways in every space vehicle launched by NASA.
Many parts of each spacecraft have gold-plated polyester film. The film reflects infrared radiation and helps stabilize the spacecraft's temperature. Without this coating, the dark parts of the spacecraft will absorb significant amounts of heat.

This metal is also used as a lubricant between mechanical parts. In space vacuum, organic lubricants evaporate and decompose beyond the Earth's atmosphere due to intense radiation. Gold has very little shear strength, and a thin film of Gold is used as a lubricant between important moving parts.

Use Gold in the future
Most applications of this metal today have only been developed in the last two or three decades. This trend is likely to continue. As our society needs more advanced and safer materials, our use of Gold increases. This growing demand, low number of alternatives and limited supply makes the value and importance of Gold increase gradually and steadily.
 

How much is jewelry making wages in Western Asia?

The basis for the cost of making jewelry is determined based on its design
The basis for the cost of making jewelry is determined based on its design

Gold made by machine and in high circulation has a lower manufacturing wage and those made by hand and more limited, have a higher manufacturing wage, but this does not mean that all machine-made Gold is low-wage, but the complexity of design and type of mounting gemstones increases the cost of construction.

Usually, people who do not look at Gold only as a purchase of capital, and for whom the aspect of its uniqueness and beauty is important, are willing to pay any cost to make a unique design.

Global Gold production in 2019 will reach more than 3300 tons. The Muruntau mine in Uzbekistan was the world's largest Gold mine in 2019. Five out of ten large Gold mines are owned by Barrick Corporate. In this article, we review the 10 largest Gold mines in the world, prepared by the mines and metals website based on 2019 production statistics. 

This list has changed significantly compared to the 2018 version. Indonesian Grasberg mine, which topped the list of the world's largest Gold mines in 2018, is on the verge of leaving the top 10 mines. The Mineral Grasberg Complex is undergoing underground operations to return to full production, which is scheduled for 2022.

Important points in buying and selling jewelry and gold

Buying and selling jewelry and gold is one of the sales that has many mysteries and stories
Buying and selling jewelry and gold is one of the sales that has many mysteries and stories

The best Gold for Middle Easterns is 18 carat gold. One question that customers often ask goldsmiths is what is the Gold standard we buy? The thing about Gold and its carat, and what you may not be aware of, is that the lowest carat of Gold is one carat and the highest is 24 carat. But if we are to say, what is the best type of carat to buy Iranians? The answer is nothing but 18 carat gold.

Buying Gold requires basic skills. To start buying gold, let's separate it from buying jewelry completely and then learn how to buy and sell jewelry and gold.

Now you should know that any artifact that is made of 18 carat Gold and has precious and semi-precious stones called jewelry so that the weight of the jewelry or semi-precious stone exceeds the weight of Gold and Gold artifacts are the same as raw and Pure 18-carat Gold (in Iran) is said to be offered without any stones.

The first group are those who are very interested in their appearance decorations and these items are an ‎integral part of their daily lives, parties and celebrations.‎ The second category consists of those who consider buying valuable jewelry as the best and safest savings.‎

The third category is a combination of two groups. Undoubtedly, you are one of these three groups who ‎have chosen to read this article because of their interest in Gold and jewelry and becoming more familiar ‎with buying and selling jewelry and gold. If you want to always shine in a group, experience a safe ‎investment and most importantly increase your capital every day, the tips in this article will be the best ‎guide for a good choice.‎

Gold that is not gold
It is true that the first image that comes to mind of Gold is yellow or white, but in fact Gold with a series of ‎chemical processes and combinations with other metals and plating operations in any color (red, black, ‎yellow, pink, green and so on).‎

For example, red Gold is made from a combination of copper alloy, white Gold is made from a combination ‎of palladium or silver, and indium is used to make Gold blue. In fact, the great color variety of gold, apart ‎from the design and model, has become one of the ways to boost this industry. Some sellers sell white ‎gold at a higher price but buy it cheaper than yellow gold. Although yellow Gold is better when melted, this ‎difference is very small and you should know that there is no such law.‎

What is the difference between Gold and jewelry?
The difference between Gold and jewelry is that no precious stone used in the work made of gold, but in the jewels, precious stones are installed on the work, which may be atomic or original to jewelry that is atomic stone. Used atomic jewelry and jewelry that is used as the original stone is called original jewelry.
 

 

What is the best way to buy jewelry in West Asian countries?

Terms of sale by consumers are also different and affective on the construction wage and the seller's profit and The quality of the stone is the concern of many jewelry buyers
Terms of sale by consumers are also different and affective on the construction wage and the seller's profit and The quality of the stone is the concern of many jewelry buyers

In general, we have 4 types of precious stones (diamond, emerald, sapphire (beryl) and red ruby) and a large number of semi-precious stones such as amethyst, citrine, topaz that the landing of these stones on Gold turns it into jewelry. 

What stone to prioritize when buying jewelry or to determine the quality of the stone is the concern of many jewelry buyers; In general, gemstone is valuable for 3 reasons.

Beauty and radiance, scarcity and durability; brilliant stone, which is a type of diamond, is higher in brilliance and durability than other stones, and since it has been well managed since the beginning of exploration, it has a good supply and demand market, but emerald and sapphire stones are more rare. And their high quality is very valuable and makes them more and more expensive, but it is beyond the ordinary people to recognize the quality of all stones.

For example, you may buy a diamond ring that the seller will charge a lot of money for the stone worked on, but when you sell, you will find that the diamond used in the ring is bad because of its bad cut and impurities, and the value of the money you paid. To avoid this problem, the only way left is to buy from jewelry stores that are reputable and guarantee the purchased item.
Reputable jewelry stores will deduct only 15 to 20 percent of your payment when you sell, while if you do not have a valid invoice, you may incur a large loss when selling jewelry.

  1. Sale of Gold = daily price per gram of Gold + manufacturing wages + profit seller (7 or 8%)
  2. Sale of jewelry = daily price of Gold + wages including (value of stones used / wages for making jewelry base / expenditure and other costs) + profit seller (15% to 20%) as the method of buying Gold differs from jewelry, their terms of sale by consumers are also different.

In work made of gold, the construction wage and the seller's profit are deducted and purchased at the daily rate, but how to sell jewelry, which I emphasize and order, be careful in maintaining the purchase invoice. It is the case that the seller's profit (15% to 20%) is deducted from the daily price listed in the invoice and its price is paid to its owner.
 

How to recognize second-hand gold from its lock or gold from silver and platinum?‎

The easiest way to identify second-hand gold is to look at its appearance, lock and strap and Most gold is loaded with the English letter K next to a number that indicates its grade
The easiest way to identify second-hand gold is to look at its appearance, lock and strap and Most gold is loaded with the English letter K next to a number that indicates its grade

The second-hand Gold market has long been hot; distinguishing first-hand and second-hand Gold may be ‎somewhat difficult. The easiest way to identify second-hand Gold is to look at its appearance, especially ‎the lock and strap in which it is used. 

In second-hand gold, these parts are less shiny compared to other ‎parts, and due to the uses of gold, scratches can be seen in these parts.‎
What is 24 carat gold?‎ Carat is a unit of measurement for the purity of Gold alloys and other precious metals. The grade of Gold is ‎usually expressed as a complete unit of 24. 

For example, 24 carat Gold is pure Gold with at least 99.9% Gold ‎and 18 carat Gold is composed of 75% Gold and 25% other metal. Pure Gold is not suitable for making most ‎items because of its softness, so most of the Gold used in jewelry is not pure gold, and goldsmiths add ‎copper and silver to make it into jewelry. It can be made by lowering the grade.‎ 

In Iran, 18 carat is used, but in Arab countries, the Gold grade varies between 20 and 24, and in European ‎countries or the United States, 14 carat is usually used. So do not be deceived by anything called 24 carat ‎gold under any circumstances. The only Gold that is pure 24 carats is Gold bullion, and because bullion is a ‎soft metal, jewelry cannot be made from it alone.‎

It is easy to distinguish Gold from silver and platinum. As a general principle, most Gold is loaded with the English letter K next to a number that indicates its grade. Silver is stamped with an oval mark and platinum is marked with the letters of PT, so you do not have to struggle to tell the difference.

Buy and sell jewelry
In general, we have 4 types of precious stones (diamond, emerald, sapphire and sapphire) and a large number of semi-precious stones such as amethyst, citrine, topaz and so on that the landing of these stones on Gold turns it into jewelry. What stone to prioritize when buying jewelry or to determine the quality of the stone is the concern of many jewelry buyers; In general, gemstone is valuable for three reasons.

Beauty and luminosity, scarcity and durability, diamond, which is a type of diamond, is higher in terms of luster and durability than other stones, and since it has been well managed since the beginning of exploration, it has a good market supply and demand, but stones Emeralds and sapphires are rarer and their high quality is of great value and makes them increasingly expensive, but it is beyond the reach of ordinary people to determine the quality of all stones.

 

Western Asia Gold Industry

Gold price, uses, future and mines in western Asia and Arab countries. Ask Your Marketing Questions About West Asian Gold

What will happen to the price of gold in the next year?

Analysts look positively at the future of gold
Analysts look positively at the future of gold

Over the past few weeks, Gold has once again been able to regain its strength and experience a significant increase. This has led analysts to look positively at the future of gold.

In an interview with Kitco News, Gold market analyst Shantel Sheen said he expects Gold prices to reach $ 1,800 in the coming months but will not reach $ 1,900 by the end of the year. He believes that Gold will continue to rise in the long run, but it faces many challenges that could change its price.

Research firm Murenbeeld & Co said in its latest forecast that it expects the average price of Gold in the second quarter of 2021 to be $ 1806, in the third quarter to $ 1827 and in the fourth quarter to $ 1865.
The company expects the price of an ounce of Gold to reach $ 1,900 in the first quarter of 2022 and its highest level in the second quarter of 2022.

"He is currently neutral on the price of Gold because the central banks have put a lot of stimulus into the economy and it is not yet clear whether the economic recovery will be sustainable or not," said Shantel Shion, head of the company's research team. 
According to Shivan, there is still a lot of uncertainty about the Corona virus epidemic, and the current pace of economic recovery will not be sustainable.

Another issue that currently exists is rising inflation. According to Shivan, investors cannot be sure of the stability or instability of inflation until the end of the year.

However, Sheen believes that given the high volume of financial and monetary stimulus to the economy, high inflation is unlikely. Also, the price of Bitcoin can have a big impact on the Gold market, and the yellow metal will have tough competition with these cryptocurrencies. According to Sheen, the increase in the price of Bitcoin has so far reduced the value of the Gold market by 2.5%.
 

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