Detailed info of Runescape GE you might wonder

Resembling the electronic assist exchange in our real world, the Runescape GE, or Runescape Grand Exchange, is a system for players to trade more easily. Players can buy or sell from each other and trade the Runescape items.

As the official marketplace, it was released on 26 November, 2007. Besides, it has taken place of varieties of other marketplaces in cities. Referring to trading items, free players are allowed to trade 2 items at most, while members can trade 6.

When it comes to the price, Jagex has never published the Grand Exchange's exact pricing algorithms, although there are some reasonable guesses. By using the laws of supply and demand, the prices of items are updated depending on its recently traded prices and volume.

For items with low volume such as partyhats, their prices update every few days or even once a week. Jagex can also intervene and set the prices themselves, and they reserve the right to intervene when they believe price manipulation is occurring on an inexcusable scale.

Additionally, players will receive a message in their chatbox when the status of a trade offer is updated. Many players find it useful to sell items on the Grand Exchange rather than to a general store, as the profit margin is much larger for useful items.