Uncertainty in financial markets encouraged many investors to hoard gold, the most spawned assets. For a large number of people, this is the best time to sell gold jewelry that loses its appeal. The increasing demand for gold ensures that sellers can get the best prices for precious metals.

However, selling gold jewellery is not easy. The availability of various sales options has made tasks more complicated and risky. You can easily find buyers. However, your job is to verify the credibility of the buyer.

Steps in selling gold jewelry

Find buyers

There are significant variations in the price of gold jewelry offered by different buyers. Regardless of the quality of jewelry and weight, the price also depends on who you sell. Buyers at gold parties usually offer around 50 percent of the value of gold. The golden dealer kiosk, which is located in a mall or commercial building, will give you around 60 to 70 percent of the actual market prices of jewelry. You can get a better price by selling your gold at a high street jewelry store. Online cash for gold business, works on small margins, can offer the best prices for your gold jewelry.

Check credentials

After selecting the buyer, verifying credentials. Avoid temptation to sell your valuables to "pop-ups" buyers. This evil gold dealer runs a profitable advertising campaign, captivates expensive gold owners to sell their valuables. In most cases, sellers are paid low, and in some cases, they do not accept any payment. Therefore, selling your gold is only for reliable buyers who have traded for a long time. In addition, a trustworthy gold dealer has a license to buy gold. To maintain their reputation, they take every effort to answer every request about their services.

Price estimation

Do you want to sell your gold jewelry? Gold dealers only pay for the golden jewelry content. Gold contains a number of basic metals. The purity of gold jewelry, determined by the rust value, is a key factor in determining the price of goods. If your gold jewelry is applied, you will find the rust value stamped on the item. To assess the purity of non-mashed gold jewelry, bring it to an assessment of a reliable jewelry to evaluate its rust value. After assessing the rust and weight of the jewelry, you can estimate the price.