What Affects the Krugerrand Price and When Is the Right Time to Sell?
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The Kruger Rand price moves with the international gold market. Since the Krugerrand is mostly made from gold, any change in the metal’s price affects the coin directly. But that’s not the only factor. The exchange rate between the rand and the dollar also plays a part. When the rand weakens, prices go up. Supply and demand also have an influence. When more people want to buy than sell, prices climb.
Keeping track of the Kruger Rand price today is the first step if you’re thinking about selling. Many people make the mistake of using outdated figures or checking only international markets in dollars. You want accurate, local data.
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