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.