Gold and silver prices turn volatile – what to know before selling jewelry

Gold and silver prices have seen significant volatility in recent weeks following a surge in prices over the past two years.

The spot price of gold is up 67% over the last year while the silver spot price has risen 158% in that time – though the asset prices plunged over the last week with gold down over 9% and silver falling more than 27% in that period. The dip in prices also affected gold bullion, which fell over 9.8% on January 30, which was its sharpest single-day drop since 1983.

Spot...