Helpful Guide to Sell Gold Jewellery for Cash

 For ages, people have used gold as an investment option. Moreover, the current Indian markets provide ample options to purchase and sell gold ornaments/jewellery. It’s frequently seen that when in dire need of cash, most of you turn to monetize your gold holding, particularly jewellery. Thus, it’s relatively common to sell gold jewelleryfor cash, but after doing a thorough research and obtaining the necessary information regarding the market, prices, and other things.

 Things to Consider Selling Your Gold

 In some cases, it’s observed that money en-cash on selling gold results in disappointment if you don’t research the following points thoroughly prior to selling gold. Here is the essential criterion to sell gold ornaments or jewellery that you should definitely consider for a successful deal:

 ●      Retain invoice

A trusted jeweller will ensure to ask for the purchase document or invoice when you plan to sell gold. Suppose you’re going to the same shop from where you purchased the piece previously, in case of any issues concerning purity or more. In that case, the retailer won’t be in a place to contest, as the information of the same will be clearly mentioned in the bill of purchase.

 ●      Know its worth

It’s essential to have an adequate knowledge of the worth of gold that you’re planning to sell. For this reason, take references and quotes from several stores. As there are no typical methods employed to decide the selling price, there can be slight differences between quotes acquired. Get in touch with more than one Gold jewellery buyer in Delhi for quotes. It will help you fully appraise the value of your jewellery and settle for the highest price possible for the piece you’re parting with.

 ●      Check the purity of gold

Before you sell, see if your jewellery is hallmarked or not. Hallmarking represents the purity of gold jewellery. A piece of jewellery with a 916 hallmark means 91.6% purity of gold for 22-carat gold. Moreover, most jewellers would usually prefer a 916 hallmarked gold compared to non-hallmarked gold as there is no proof of the authenticity of its purity.

Also read- Reasons to Sell Gold Items to a Reliable Buyer of your gold

●      Determine the final price

Usually, gold shops that take used gold will first melt the jewellery in an induction furnace. The gold available afterward, free of any impurities, is considered for determining the price. The whole process is done at a nominal price, subtracted from the final price of gold. Moreover, the subtraction generally ranges between 4 to 6%.

 Tips to Remember When Selling Gold for Cash

 Before you wonder where to sell gold in Delhi, check out the following tips to ensure what you get back in cash is worth parting with a piece of gold jewellery that generally holds cherished memories.

 ●      Never act on impulse

Attentively check each piece of jewellery that you’re planning to sell. Some pieces of gold jewellery have emotional value attached. Ensure that emotional value doesn’t outweigh the price that you will obtain. Moreover, perfect pieces of jewelry to sell are broken items, earrings with a missing pair, or outdated pieces with no emotional attachment. Take your time before coming to a conclusion.

 ●      Obtain an appraisal

Get antique or intricate jewellery appraised prior to selling it to a Gold jewellery buyer in Delhi that pays based on weight. Designer or antique jewellery may be worth more to sell as a finished piece than for its gold metal. Ensure to do extensive research on jewellery appraisals before taking any step.

 ●      Know what you have

Nowadays, gold jewellery is rarely crafted from pure gold. So, before going to a buyer to sell your gold jewellery, ensure to get it inspected by a professional, as you will only get paid for the parts that are pure gold.

●      Connect with a reputable buyer

Ensure that the business has a license to purchase gold jewellery. To know if a buyer or company is reputable or trusted, ask if they are a member of a jewellery trade association as it needs high ethical standards of its members. Read some reviews and feedback or check if there are any customer complaints related to buying or selling gold jewellery.

 ●      Shop around

When you decide to sell gold jewellery for cash, acquire bids from numerous companies before settling on a certain buyer. The offers you earn may differ significantly based on where you sell them.

 ●      Protect yourself

Before you sell your jewellery to a potential buyer, document and photograph the pieces. If the value is significant, ensure to acquire an appraisal beforehand. Moreover, check the company’s reimbursement policy in the case of a loss.

 ●      Be aware of gold price

One of the most vital things to do is keeping up with the prices of gold. Even though the prices listed online will not be the exact price, you will receive for your piece of jewellery. You will surely get a reference point or idea after comparing several offers.

 Hopefully, this guide will help you make an informed decision when selling gold jewellery for cash. Thus, if you want to know where to sell gold in Delhi, you’re at the right place as 24 carat is a widely trusted platform to sell or buy gold.

Also Read :- How to Sell Your Gold Jewelry