Record high precious metal prices are attracting buyers and sellers of old gold jewelry. With the economy in near-ruin and slumping home values, old gold has become the new standard once again. The price today has exceeded $1000 per ounce and would-be-sellers are now flocking to sell scrap to refiners to take advantage of selling their unwanted gold for a record high.free jewelry making It is no surprise that sellers are taking advantage of the record high. Since interest rate cuts by the Federal Reserve could send the dollar yet lower. As the dollar falls, preciuos metal prices typically rise. Gold sales volume has shot up 8 times in recent weeks. The larger trend is the peak in interest from refiners who are buyers.