If you are planning to sell gold in Sydney jewellery, but are confused about where to sell, this article will help you select the best place for maximum profit. Before you sell gold, here are a few tips that will help you get the best value for your gold.
- Learn the scales – The weight of gold determines its value, but jewellers use a different measurement standard called a Troy ounce. Beware of the scale and if your dealer weighs your gold by pennyweight but pays you by the gram, go to a different seller.
- Know your karats – Gold is combined with other metals to create durability and colour. Keep your karats separate because some dealers might weigh all your jewellery together and pay you for the lowest karat value.
- Check the current market price – Search online to verify the current market price for gold before you sell.
- Check online reviews and ratings – Search for the basic information of your buyer, their reviews, and ratings. This will help you make the right decision.
Places to Sell Gold in Sydney
The easiest way to sell gold jewellery is to sell it at your nearest local jewellery shop. Even if you don’t wish to sell or are unable to sell, you can get the estimate or real value of your gold. If you are unhappy with the price, visit other jewellery shops and bargain on the spot.
The Pawn Shops
Pawnshops are the second most popular places to sell gold. Please keep in mind that the pawn shops are profit-making businesses and they attempt to give the seller as little value for their jewellery as they can. If you are desperate to sell your jewellery, in a hurry, or take the first offer made, odds are that you might get the lowest value of your gold. The best way to get the best offer from your pawnshop deal is through a bit of research.
Postal Gold Websites
The postal gold website offers online quotes. Once you receive the quote, send your gold for verification after which they make an offer to you. Before sending your jewellery to the gold website, research the company and read their reviews and ratings. Know the karat of your gold before you start the selling. 14 karat gold jewellery means your jewellery is fourteen parts gold and ten parts other forms of metals. Karat values are the same throughout Australia and other parts of the world.
Online Gold Exchange
Online gold exchange helps you buy and sell gold with many benefits. Trading with online gold exchange is easy as investors have to buy at least 1 unit of gold. You can buy and sell gold Exchange Traded Funds with easy steps at any time. What’s more? You can buy and sell gold from any part of the country without the stress of different taxes. Don’t forget to check the rates of gold online before selling.
If you are still confused about where to sell gold in Sydney, visit your local jeweller, pawn shop and online gold website and compare the prices. Then you can go with the place that is offering you a higher value of your gold jewellery.
Gold Exchange Universe is Sydney’s most trusted gold dealer. Sell gold in Sydney and get the highest price for your jewellery. Get your quote today.