Professional Jeweler Archive: Gold & Platinum Prices Rise, Silver Holds Steady at Year-End

March 2000

Precious Metals & Bench/Data & Statistics


Gold & Platinum Prices Rise, Silver Holds Steady at Year-End


Gold

1998 1999

Gold popped its head above the $300-per-ounce mark several times in 1999, but ended the year at $290.25, just $1.55 above the previous year-end. Take advantage of the lower prices by stocking up, but stress gold’s enduring value to customers.

Platinum

1998 1999

Platinum prices broke through the $400-per-ounce barrier in the fourth quarter and kept rising, ending the year at $443, an $83 increase over the previous year-end. The higher prices reflect growing demand for platinum jewelry.

Silver

1998 1999

Silver prices were less volatile than gold and platinum, especially in the second half of the year. They ended at $5.40, up 35 cents from the previous year-end. If you carry silver, it’s still a good time to buy because the price is nearly $2 below early 1998’s.

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