Gold Prices Plunge: How Much Ukrainians Can Cash In on Old Jewelry.

Global Gold Market in 2026

According to Novyny.live: Gold prices on international markets took a significant downturn in the second half of 2026, yet Ukrainians still have an opportunity to turn a profit by selling used jewelry. On March 28, 2026, the value of gold stood at $4,493—a steep drop from March 18, 2026, when it nearly hit the $5,000 mark. Over the past month, the price has fallen by $794, representing a 15.35% decline.

Gold Valuation in Ukraine

As of March 27, 2026, one gram of gold refined to the highest purity standards was priced at 6,190.43 UAH. By March 28, 2026, the average price per gram of gold at Ukrainian pawnshops varied depending on the karat:

• 375 fineness – up to 2,702 UAH
• 500 fineness – up to 3,603 UAH
• 583 fineness – up to 4,201 UAH
• 585 fineness – up to 4,216 UAH
• 750 fineness – up to 5,404 UAH
• 900 fineness – up to 6,485 UAH
• 916 fineness – up to 6,600 UAH
• 958 fineness – up to 6,903 UAH

The National Bank of Ukraine also released scrap gold prices. As of March 28, 2026, the rates for scrap gold were as follows:

• 333 fineness – 2,040.80 UAH per gram
• 375 fineness – 2,298.20 UAH per gram
• 500 fineness – 3,064.27 UAH per gram
• 583 fineness – 3,572.93 UAH per gram
• 585 fineness – 3,585.19 UAH per gram
• 750 fineness – 4,596.40 UAH per gram
• 900 fineness – 5,515.68 UAH per gram
• 916 fineness – 5,613.73 UAH per gram
• 958 fineness – 5,871.13 UAH per gram
• 999 fineness – 6,122.40 UAH per gram
• 999.9 fineness – 6,127.92 UAH per gram

So, despite the global price slump, Ukrainians can still get favorable rates for their old jewelry—a potential financial lifeline amid current economic pressures.

This international gold price decline may stem from shifting supply and demand dynamics and broader global economic conditions. For Ukrainian consumers, this is a prime moment to offload unused ornaments, as scrap gold rates remain competitive. Selling old jewelry could be a smart move for many during this period of economic uncertainty.