July 08 Economic FactorsJuly 3, 2008
The current rates used in our jewellery valuations are;
Gold: $1158 per ounce Platinum: $2627 per ounce Silver: $22.25 per ounce NZ$: 0.7762 US$
These figures will be used throughout July, regardless of any changes through the month. The rates are a three month average. We use a three month average because our values should reflect current retail prices, and allowing for Jewellers stock turn rate and time taken from manufacture to store, this has been shown to be most accurate.