Be careful when selling scrap gold: You have to watch out for these pitfalls. For a gold bracelet weighing just under 90 grams, a Berlin gold dealer offered around 1,500 euros, while a shop two kilometers away offered 2,130 euros.

The price of gold on the London Bullion Exchange is for one ounce (31.1 grams) of pure gold. The higher the fineness, the purer and more valuable the precious metal is. Weight, condition, age as well as spot price and melt price also influence the value.