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UOB Gold Price Gold is a yellow colour metal widely accepted by the international community as a representation of wealth. The metal is one of the most precious elements which has been used as a trading commodity for thousands of years. visit our website www.goldpricesg.com
Gold is considered as a precious metal due to its attractive colour, rarity, resistance to tarnish, ability to conduct electricity, can be made into wires, hammered into thin sheets and it is precious. Even though traces of gold can be found nearly everywhere, large deposits are only found in a few locations where they occur in the Earth’s hydrothermal veins. 78% of the global gold is used to manufacture jewellery. Gold Price In Singapore visit our website www.goldpricesg.com
The use of gold in the production of jewellery is due to several key reasons that includes but not limited to its highly desirable yellow shimmering colour, tarnish resistance, high lustre, and it can be cast into various shapes and sizes making it an eye-catching piece in the manufacturing of jewellery products. As one of the most popular shopping destinations in the world for luxury products, the demand for gold in Singapore always been high (SBMA, 2018). Around 12% of the gold worldwide is used to manufacture electronics. Given that solid-state electronic devices use very low voltages of current which can be easily interrupted if the conducting element is corroded or tarnished at the point of contact. Therefore, there is a need to have an element that does not easily tarnish or corrode, gold would be the perfect metal to use. 916 Gold Price Singapore visit our website www.goldpricesg.com
Gold Price Chart This precious element is highly reliable in the manufacturing of electronic components such as switches, relay contacts, soldered joints, connecting wires and connection strips. Various small electronic devices that use gold include mobile phones, personal digital assistants, GPS units, calculators and etc. visit our website www.goldpricesg.com
OUR SERVICES Gold is also used in dental fillings, used as a drug for treatment of various medical conditions and also in aerospace related machineries. Gold has also been used as a trading commodity because of its high value, limited supply and that it is being considered to be a replacement of the US dollar as the global currency (Benko, 2017). visit our website www.goldpricesg.com
Gold Price About 10% of the globally produced gold is used in coinage and also stored in government vaults as a representation of the local currency in circulation. For many years, the rarity, usefulness and desirability of gold has made it an effective trading metal among merchants (O’Connor, et al., 2015). In the traditional days, small pieces of gold were used as a way of exchanging value in a trade. visit our website www.goldpricesg.com
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