Most Precious Metals Gold (Expensive Precious Metals)


Most Precious Metals Gold (Expensive Precious Metals) Of all the different precious metals we can think of, gold is certainly the one most greatly desired. Since the beginning of recorded Gold Price history, gold has been in use in many different works of art, coinage, and, of course, jewelry.

Occurring as grains in rocks and in alluvial deposits, gold is shiny, soft, and dense. It is known to be the most ductile and malleable pure metal.

Most Precious Metals Gold

Most Precious Metals GoldToday Gold Price

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What makes pure gold especially attractive is its bright yellow color and luster. These characteristics are maintained as gold is chemically unaffected by air or moisture. Here are some of the properties of gold:

General Information:Most Expensive Metals Per Gram

  • Chemical Symbol: Au
  • Atomic Number: 79
  • Category (as an element): Transition Metal
  • Group/ Period/ Block (in the Periodic Table): 11/ 6/ d
  • Atomic Weight: 196.966569(4) g.mol-1
  • Electron Configuration: [Xe] 4f14 5d10 6s1

Top 20 most Expensive Metal in the world

                Physical Format:

  • Density (near room temperature): 19.30
  • Liquid Density (at melting point): 17.31
  • Melting Point: 1064.18°C, 1947.52°F, 1337.33°K
  • Boiling Point: 2856°C, 5173°F, 3129°K
  • The heat of Fusion: 12.55 kJ.mol-1
  • The heat of Vaporization: 324 kJ.mol-1


Atomic Structure:Most Expensive Metal for Jewelry

  • Oxidation States: -1, 1, 2, 3, 4, 5
  • Electronegativity: 2.54 (Pauling scale)
  • Atomic Radius: 144 picometres
  • Covalent Radius: 136±6 picometre
  • Van der Waals Radius: 166 picometre
  • Ionization Energies: 890.1 kJ.mol-1 (first), 1980 kJ.mol-1 (second)


The term “gold” was derived from “geolu”, an Old English Anglo-Saxon word which means “yellow”. Its symbol “Au”, on the other hand, originated from “aurum”, the Latin word for “gold”.

History of Gold

The exact period when gold was first discovered could be a subject of dispute. While some accounts point to the year 1848 when gold was discovered in California, history tells us that this precious metal was already being used in Gold bullion, Gold Bars, extensively by the ancient Egyptians, Romans, Greeks, Chinese, and South Americans.
Gold is the most Precious Metal Positive degreeThroughout history, gold has served as a measure of value and a symbol of wealth. It is one of the coinage metals (along with silver and copper).

It is used, customarily and legally, as a means of payment or a medium of exchange. Gram and Troy weights are the units of measurement used for gold that one of Gold’s most expensive metals To indicate the amount of gold present in, say, a piece of jewelry, the term “carat” is used. A necklace, for instance, that is 24 carats means that it is made of pure gold.

Rarest metal on earth wikipedia

While the Gold spot price is determined through trading in the derivatives and gold markets, its daily benchmark price is provided in a procedure called the London Gold Fix. In this procedure, the price of the precious metal is determined each business day on the London market.

The fixing is done twice – once in the morning and another in the afternoon. The latter actually was introduced about 49 years after the procedure itself was introduced, as a means of providing a Gold price when US markets are open.

Most valuable metals in orderThis Gold price fixing procedure is done by the five members of the London Gold Market Fixing Ltd., namely The Bank of Nova Scotia, Barclays Capital, Deutsche Bank AG London, HSBC, and Societe Generale Corporate & Investment Banking.

Gold Fix Chart Timeline

011933President Roosevelt bans US gold and forbids Americans to hold gold
021935Fort Knox manufactured to store gold flowing into the US attracted by a US $35 price
031944Bretton Woods agreement confirms US dollar exchange: standard creates IMF
041961International gold pool rolled to ‘hold’ gold at US$35 an ounce.
051968The collapse of the gold pool. On 15th March 1968, the experts dosed the London gold market for two weeks following an unprecedented three-day speculative surge of buying. On 1st April 1968, the primary fixing changed from choice to dollars and took property twice a day.
061972Federal Reserve closes gold ‘window’ ending gold replacement standard.
071974Gold hits a high, of US$197. 50 in anticipation of Americans being allowed to buy gold.
081975US Treasury starts gold auctions.
091976IMF begins a four-year gold sales Plan.
101980on 21st January gold hits record US$850. A succession of the political crisis in the Middle East, high oil prices, and inflation produce strong physical and conceptive buying.
111985Gold hits a low of US$284.25
121986Japan buys 323 tonnes of Hirohito coins.
131987Black Monday stock market crash.
141990Large Soviet ‘distress’ sale in May. Iraq invades Kuwait in August.
151991Desert Storm starts, but gold sport price collapses.
161992The highest level of central bank gold sales since 1968.
171993Sows and Goldsmith gold deal sparks fund buying.
181996US Federal Reserve Chairman Greenspan warns of ‘irrational exuberance’ in US stock markets.

– IMG proposes to sell a proportion of its gold reserves to fund debt relief.
– Investment interest together with an overthrow in producer hedge positions pushes gold to a high of US$414.80.

191997Reserve Bank of Australia announces the sale of 167 tonnes.
– Group of Swiss experts suggested the sale of 1,400 tonnes of Swiss National Bank Gold.
201998Belgian National Bank announces the sale of 299 tonnes of gold to other central banks.
211999UK Treasury announces the sale of 415 tonnes of gold. – On 20th July the gold spot price fixed (PM) at a 21-year low of US$252.80.

and on the other side, we share the Gold price chart you can see

Top Most Expensive Precious Metals

Here Are the Top 10 most expensive metals in the world

  1. Silver. Price per gram: $0.48. …
  2. Rhenium. One troy ounce: $1,290. …
  3. Osmium. One troy ounce: $400. …
  4. Iridium. Price per ounce: $520. …
  5. Ruthenium. Price per ounce: $260. …
  6. Gold. Price per gram: $51. …
  7. Palladium. Price per gram: $46. …
  8. Rhodium. Price per gram: $270. In the number one spot is rhodium.
  9. Silver Price Per Gram:$24.70
  10. Indium Price Per Gram:250 U.S. dollars per kilogram.

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