Local and International economic flutters directly affected the Gold purchase and sale in Mendoza. From changes in prices to the reason why Mendoza are selling their jewels.
In times of economic uncertainty, the price of gold, historical “Active of shelter“, It tends to raise its value. This is precisely what is happening worldwide since the beginning of the “tariff war” of Donald Trump. Those measures led to The value of the gold gram, internationally, is quoted at 104 dollarsaccording to the specialized medium Kinesis Exchange.
For its part, the Haulser company, dedicated to safety and protection boxes of valuable objects, reported that “Metal accumulates a 13.8% rise in 2025, driven by the growing demand for assets “.
In Mendozahowever, The price of gram is considerably lowersince it is around the 65 and 70 dollars.
However, those who dedicate themselves to this business explained that The activity has been changing in recent months For two reasonsbeyond the increase in the price of gram.
The reason for the sale
More than one jeweler or gold buyer consulted described the same situation: People no longer sell their jewels to make a tastelike going on vacation or buying some expensive good, but they do For pure need.
Common expenses such as the payment of taxes, invoices and even food are some of the destinations that the silver has that the vast majority of people obtain when selling their jewels, according to those who know the market.
However, this reality is related to another problem that gold buyers see. People are selling their last gold goods.
Another type of transaction that is made in the jewelry stores is that of the delivery of gold and/or silver to be used in new jewels.
As explained by Carolina, in charge of the selling jewelry, “That same gold is used to make your alliance“, And in this way the final cost corresponds only to the work of the jeweler who, in some cases, can be solved if there is a surplus of the mineral gold that was delivered. That is, the manufacture of this new jewel can be “free”.
Despite this type of activity, the person in charge recognized that, although her jewelry is not mainly dedicated to that, many people come to try to sell gold in exchange for money: “There are many people who come to sell, but we don’t have so much“.
As he said, A ring usually tells in its structure between 6 to 7 grams of gold. Its value is around 830 thousand pesos.
How is the sale
Beyond the jewelry stores, the gold buyers of the Mendoza center described that it does approximately 3 months The number of people who sell jewelry with gold decreased significantly.
Another reason that merchants understand is economic uncertainty. For which “People do not decide whether it is the right time to sell their last belongings ” Gold, maybe waiting for the upward trend to remain and Mendoza prices approach those of the international market.
And the purchase?
In city jewelery, they explained that the decrease in the buy It has been decreasing for a long time. Specifically, since the end of the Coronavirus pandemic.
From this point they defined that “created a gap “ Among the people who have money and those who sporadically bought some jewel to give, as explained by the owner of a jeweler business, to this second group “It’s no more.”
However, the jewelry manager, located on San Martín Avenue, commented that they did not feel a significant change in the number of customers. This attributed it to “We have a lot of experience, so we have many generations that come again. ”
In addition, he indicated that unlike previous times, now many young people are interested in acquiring jewels, and that “They begin to realize and know much more” About the jewelry.
Normally, Carolina de Vemmia explained, new customers usually start buying silver jewelry, and then, “As they have a greater purchasing power,” They end up opting for gold.
A “Dorado” shelter
Historically, the oro It became an economic protection asset in the face of economic crises and imbalances, such as wars or stock market collapses, among other cases. When any of these take place and uncertainty grows, the oro It usually becomes more sought after.
For the Mendoza economist Sebastian Laza, This is what has happened from the “tariff war” of the American president Donald Trump. “Whenever there is strong international noise, gold tends to climb as a shelter active“, And explained: “International capitals, when they see the economy threatens to get dark, take refuge in gold.”
Another asset that gained room in this role of shelter were cryptocurrencies, especially the Bitcoin. Laza, although he acknowledged and highlighted this, said that “it is still missing, it is very incipient” compared to gold, but “Somehow also goes in that line.”
Following political tensions, especially for the Chinese-United States dispute, Gold had a 25% increase so far this yearwhich led him to a record before losing some land at the end of April.
