Category: Selling Old Gold Jewellery

sell gold jewellary 4 Oct

How to Sell Old Gold in Mumbai With Right Worth

Are you looking to sell your old gold jewellery in Mumbai for cash? Do you want to get the true worth of your gold? If you are in Mumbai or any other city and these are one of your questions for your old gold, then stick with this blog for a minute and clear all your doubts.

When you have old gold that you no longer want or need becomes a burden, you ought to get rid of that fast, but it’s the best possible deal. Selling old gold can be tricky, especially if you don’t know where to go or what it is worth. It would help to keep certain things in mind to get the correct worth. Below we have discussed those things so you can get the most out of your old gold.

1. Purity 

The first thing you need to keep in check is the purity of your gold. The purity of gold is calculated in karats. The higher the karats, the purer the gold and the more expensive it will be. 24 karat gold is the purest form and is also the most costly. 18 karat gold is a prevalent form of gold that is less refined than 24 karat gold but is also less expensive. 

To check the purity of your gold, you need to take it to a jeweler who will use a gold testing machine. This machine will give you an accurate reading of the purity of your gold.

2. Weight

Take your gold to a jeweler with reliable weighing equipment since the weight of the gold will also determine how much it is worth. The heavier the gold, the more expensive it will be. Therefore, it is essential to know the weight of your gold before you go to sell it.

3. Market Rate

The market rate of gold is constantly fluctuating, so it is essential to keep an eye on the market’s latest rates before you sell your gold. You can do this by checking the news, searching online, or talking to a jeweller. The market rate will depend on the purity of the gold and the weight, although it will give you an idea of how much your gold cost.

4. Where to Sell

You may sell your gold at several locations in Malad. Jewellery stores are the most prominent location. However, many jewellery stores will not give you the best price for your gold. The best place to sell your gold is to a gold buyer. Gold buyers are businesses that buy gold and then resell it. They will give you the best price for your gold because they know they can profit from it.

You can also check the reviews over the internet for top gold buyers of pieces of jewellery in Malad Mumbai before selling your gold to them. This will give you an idea of the quality of their services as well as the prices that they are willing to pay for gold

5. Negotiate the Best Price

Once you have found an excellent place to sell your gold, it is time to negotiate a price. Many buyers will try to give you a lower price than what your gold is worth, so it is essential to be firm when dealing. This is where your haggling skills will come in handy. Remember, the first price that is offered is usually not the best price. Be prepared to negotiate for a better price. 

sell gold 5 Sep

11 Reasons Why Selling Gold Is a Great Idea

Gold is a valuable commodity with many purposes. For instance, If you are struggling with some money problem and need hard cash in a short time. Gold is a great asset. You can sell your gold jewellery in your nearby buyer’s shop for instant cash. This is one of the reasons why selling gold, from its investment value to its uses in jewellery and industry, is a commodity with a lot of potentials. This blog post will explore many other reasons why selling gold is a smart idea.

Here are the top 11 reasons

1. Valuable Commodity

As we noted, gold is a valuable commodity in high demand. Gold’s value has been increasing over the past few years, making it a worthwhile investment. When you sell gold, you can fetch a good price for it. The current market price of an ounce of gold is around $1,350, making it one of the most expensive commodities. This means that selling gold can potentially net you a large sum of money in a short time.

2. Gold is scarce

Gold is a rare element and is not easy to find. It is estimated that all the gold ever mined in the history of mankind would fit in a cube just 20 meters (66 feet) on each side. This limited supply makes gold desirable and guarantees its price will continue to rise.

3. Durable

It is a very durable metal and does not corrode. This means that your gold jewellery will last for many years, even decades. This makes it an ideal investment cause when you sell gold, you can rest assured that it will retain its value and can be sold again in the future if need be.

4. Easy to trade

Gold is easy to trade, and there is a large market. You can look for some reputable gold buyers near you and choose the one top gold buyer from which you can get a good price for your jewellery. Many pawn shops will happily take your gold in exchange for cash. Because of this, it’s a great asset and a quick way to receive money when needed.

5. Gold is portable

It is a very portable asset. You can pack it up and carry it with you wherever you go! This contrasts with real estate assets, which are comparatively immobile. This portability makes it a great asset to have on hand in an emergency and is simply a good option for those looking for a way to generate cash on the go.

6. Divisible

Gold’s high divisibility makes it ideal for partitioning into smaller quantities. This makes it easy to trade and ensures you can get the full value of your gold when you sell it. It also makes it possible to use gold for a variety of purposes. For instance, you can use gold to make jewellery or even use it as a currency.

7. Fungible

This is another key characteristic of gold that makes it a valuable commodity. Fungibility means that one unit of gold is the same as another. Because of this, it is highly liquid and can be traded easily, and it is readily exchangeable for money, and vice versa. As a result, it’s useful if you need a fast safety net.

9. Starts and ends its life cycle in human hands

It is a unique asset that starts and ends its life cycle in human hands. Unlike other commodities, gold is not mined from the ground. Instead, it is extracted from the earth by humans. Gold is used in various ways, such as in jewellery, investment, and industry. And finally, when it is no longer needed, it is sold back to gold buyers, and the cycle begins anew.

10. Gold is a hedge against economic uncertainty

It is a great hedge against economic uncertainty. This is because the value of gold tends to rise whenever the economy experiences difficulties. This makes it a valuable asset to own in times of economic crisis. When the economy is struggling, you can rest assured that your gold will retain its value and can even potentially increase in value.

11. Timeless asset

Investment in it is prudent because it is a resource that will always be useful. Since this is the case, it will never lose its worth or popularity. Consequently, it’s a wise financial move to put money into it because it’s sure to stay in demand forever. Even if the economy is struggling, people still want to own gold. This makes it a safe investment and likely to appreciate over time.

Takeaway

I hope you get all your reasons to sell your gold jewellery for cash, maybe as an emergency asset or because of economic uncertainty. No matter what could be your reason, gold is always a valuable, timeless commodity that has a range of characteristics that make it a desirable asset. It is easy to trade, portable, divisible, fungible, and starts and ends its life cycle in human hands. These factors make gold a wise investment for the future.

sell old gold 1 Aug

Most Common Mistakes To Avoid While Selling Old Gold Jewellery

Gold pricing has always been a stupendously difficult subject to study. Whenever you search for the best old gold selling rate in Delhi, Mumbai, Chennai, or any of the top cities you are living in India to sell your gold ornaments at its first-rate terms, there are so many different factors that go into it.

It doesn’t mean you must stop studying and selling gold jewellery. Instead, read on to learn the most common mistakes while selling old gold jewellery in India.

Here is a quick look at gold jewellery sellers’ most common mistakes while trying to sell their old gold jewellery in India.

Most Common Mistakes To Avoid

1. Too high

This is a common mistake among sellers of gold jewellery. You will get more if you sell your gold jewellery in India at a reasonable price. The price should be decided while considering all the factors, including purity level and weight, as well as the general trend in the market.

Know the prices of your jewellery type from reliable sources like jewellery stores or other people, or research it online. With this information, you will better grasp the market and trends.

2. Trying To Sell Gold Jewellery From a Shop

This is not advisable unless you know the owner or are a regular customer in the shop. They have their policies. Even if they agree to pay you a higher price than the rest of the market, they will not share it.

Some people don’t realize the real value of gold. They might have purchased their jewellery years ago at a price that’s barely worth anything now, or maybe they don’t know why gold is so expensive in the first place. So it’s always better to think of more options around your known circle of people.

3. What You Should Do Instead

Try to sell gold jewellery through a top reliable gold buyer jeweller. Or, if that’s not possible, find an individual buyer and deal directly with them. Recommendations from friends, family, and acquaintances are immensely valuable in these cases.

Avoid giving them any information over the phone or email that could lead to identity theft. Also, get the payment delivered to you in person instead of sending a cheque, money order, or other payment methods you can’t verify easily.

4. Taking Unnecessary Risk

This is especially true with online selling. There are countless scams, and online selling can sometimes be too informal to be trustworthy. There can be more than one person who says they are buying your gold jewellery, but one of them is not real and will disappear completely after taking more information about you.

5. Wrong Choice Of Gold Jewellery To Sell

This is another common problem. Some people think their gold necklace or a pair of earrings will get them the best price, but that’s not always true. In the marketplace, there is no such thing as the “best price.”  Different forms of gold jewellery have varying costs; you should know this information.

So knowing some detailed information about your jewellery type or ornament will increase your chances of getting a good price in their type.

6. Not Knowing Where to Find a Good Jeweller

Price factors may sometimes differ depending on the area you are searching. Let’s suppose you are living in Mumbai and after knowing the good old gold selling rate in Mumbai or anywhere you are selling your old in your area. Make sure the person you’re selling your old gold jewellery to has a strong reputation by checking their credentials first. It’s worth it to give a jeweller a chance if they’ve been in the business for a while.

You never know where you’ll come across the next great gem!

Additionally, authorized gold buyers must ensure that their customers are insured, and it’s their responsibility to follow all federal regulations for buying precious metals and gems. They also provide insurance with each purchase so you can be assured that your piece is properly cared for until the time comes that it gets sold.

7. Selling Gold Jewellery In a Way That Constitutes Risk For You

The best way to sell gold jewellery is to sell only when all the risks are off, and you are not taking any risk in selling. There are many ways in which selling too much gold jewellery can be risky for you, perhaps even putting your life at risk.

So sometimes, consider selling your jewels into pieces to avoid risks.

Conclusion

You surely know the value of your old gold jewellery. It’s just that every time you think about selling it, you’re so overwhelmed by the prospect of advertising and marketing your item or going through a lot of hassles that you hold back. You would be interested if there was a way to sell gold jewellery without all the fuss.

Well, we understand! That’s why we’ve compiled a list of mistakes to avoid while selling your jewels. These mistakes can make things seem even more complicated than they already are and will keep your precious gold safe from getting stolen.