FAQs

Yes. We offer all our clients a buyback guarantee, but only for gold sold by Glory Gold.

Glory Gold reserves the right to decide whether to repurchase items or not, taking into consideration any deformities, dents, missing corners, scratches, water stains, discoloration, water damage, mold, dismantling, or damage to the original packaging or other visible flaws.

(1)Gold Supply and Demand:
Gold's supply originates from various channels, including mining production, official sector gold sales, inflows of gold, producer hedging activities, and investment-related selling.
In recent years, the influence of investment demand on gold prices has been on the rise. The escalating impact of investment-oriented demand has considerably driven up the upward movement of gold prices, providing substantial support.

(2)US dollar:
In general, there is typically a negative correlation between the U.S. dollar and gold prices. This implies that when the U.S. dollar strengthens, gold prices tend to decrease, and conversely, when the U.S. dollar weakens, gold prices tend to increase. It's important to note that this correlation is not absolute, mainly due to the fact that international gold prices are denominated in U.S. dollars.

(3)Oil Prices and Inflation:
In principle, there is a positive correlation among oil prices, inflation, and gold prices. When oil prices rise or the inflation rate increases, gold prices tend to go up; conversely, gold prices may decline. This is primarily influenced by the expectation that the real purchasing power of currency will decrease, leading to an increased willingness among the public to purchase gold as a hedge against inflation.

(4)Wars and Political-Economic Circumstances:
To assess whether war, political tensions, and economic crises can impact gold prices, we must consider several fundamental conditions: Does it pose an immediate global crisis? Does it jeopardize significant economic activities worldwide? Will it create long-term uncertainty for the investing public?

(5)Prices of Other Precious Metals, Commodities, and Raw Materials:
The pricing of raw materials acts as a leading indicator, reflecting broader trends in inflation, prosperity of economic development, and overall price levels. Generally, a rise in commodity prices suggests economic optimism and heightened demand. Nevertheless, this upward trend may also raise apprehensions about potential inflation, typically offering positive support to gold prices.

(6)Seasonal Fluctuations:
Observations from historical data suggest that gold prices are affected to seasonal fluctuations, with a high season in gold trading typically occurring during the summer, and a low season generally seen in the fourth quarter through the first quarter of the following year. Regarding seasonal considerations, however, these should be taken as references because market prices can be affected by updates from new information at any given time.

The major gold trading markets around the world include London, Zurich, Hong Kong, and New York. These four locations almost cover the majority of global trading hours for gold. Moreover, Tokyo, Singapore, Shanghai, Dubai, Istanbul, and other significant markets likewise contribute substantially to the overall scale of the gold market.

According to the National Standards of the Republic of China, gold is commonly recognized as "pure gold" or "24K gold" when its fineness exceeds 99.5%.
Gold with a fineness of 99.9% is designated as 999 fine gold. Currently, the highest achievable fineness level for gold is 99.99%, identified as 9999 fine gold.