How much could you earn from gold in a week?

Over the past week, the price of an ounce of National Bank gold bullion has shown significant volatility. For gold owners, the key question was choosing the right day to sell their bullion in order to maximize their profits.

January 12 was the starting point of the week and, at the same time, its low point. The buyback price per ounce was 395,096.5 KGS.

On January 13, gold rose sharply in price to 405,541 KGS, an increase of more than 10,400 KGS in one day.

On January 14, the market reached its weekly peak. The buyback price per ounce rose to 406,419.5 KGS — the most profitable day of the week for selling.

This was followed by a correction:

• January 15 — 404,969 KGS;
• January 16 — 405,352 KGS.

If we compare the beginning and the maximum of the week, the difference is noticeable:

• selling on January 12 would have brought the minimum income;
• selling on January 14 would have allowed you to earn approximately 11,300 KGS more per ounce.

Even compared to the end of the week, selling on January 14 was more profitable than on January 16, by approximately 1,000 KGS per ounce.

Thus, over the week, the buyback price per ounce rose from 395,096.5 to 405,352 KGS. The increase was about 10,300 KGS, or +2.6%.