Why is 07 gp so low priced atm?

Hey, sorry for the ignorant question but I don't know much about the inner workings of the gold market but i'm just curious to know why 07 gold prices are so low at the moment? A few months back I was selling gold at $2.4/m now the buyers only offer $1.6 - $1.7. Thanks

 

Price of gold always drops over time. Runescape gold use to be the same price now its like .30 a mill lol. As more gold comes into the game there is more supply and less demand.

 

yea the prices go up and down depends on the supply and demand

 

I've sold for 1,8 this week

 

As more GP comes into the game, GP prices will deplete, it's just how it goes.