Best place to sell scrap gold

The best place to sell gold is not to a high street jeweller or gold dealer, this is because they will obviously try to quickly sell it on for profit, or may try and get you to sell your gold for far less that it is worth.

Precious metals refiners or even just a gold refiners will often give you the best price for gold. This is simply because they are at the top of the line, with no middlemen in between,  you can be assured that a gold refiners is the best place to sell gold to.

If you are thinking of cashing in gold, there are many options other than gold refiners, some of these include postal gold companies – where you send your old gold and they will pay you by cheque. Other options for selling gold are taking it to one of the many small Gold Buyer stands that have open in shopping precincts all over the country. These will weigh your gold while you wait and give you an offer on the spot. They buy 9ct 14ct 22ct and 24ct gold and will give you cash for gold.

However you decide to sell gold for cash, good luck!

When you sell scrap gold there are some ‘Golden rules’ to remember.

The best way to get the highest price for scrap gold or old jewelry, is to determine the type of gold that it contains and how much it weighs.

Gold is graded according to its purity. Pure gold is usually found in coins like full gold sovereigns, gold half sovereigns or in bars aka gold bullion. The market price is based on 24-karat gold.

You will be rewarded with the best price for your scrap gold by following some simple tips.

The lower the karat fineness, the lower the amount of gold in a piece.

• 18k gold is 75 percent gold.

• 14k gold is 58.3 percent gold.

• 12k gold is 50 percent gold.

• 10k gold is 41.7 percent gold.