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Best Place to Sell Gold in Sydney

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Gold for sale online

If you are planning to sell gold in Sydney jewellery, but are confused about where to sell, this article will help you select the best place for maximum profit. Before you sell gold, here are a few tips that will help you get the best value for your gold. 

  • Learn the scales – The weight of gold determines its value, but jewellers use a different measurement standard called a Troy ounce. Beware of the scale and if your dealer weighs your gold by pennyweight but pays you by the gram, go to a different seller. 
  • Know your karats – Gold is combined with other metals to create durability and colour. Keep your karats separate because some dealers might weigh all your jewellery together and pay you for the lowest karat value. 
  • Check the current market price – Search online to verify the current market price for gold before you sell. 
  • Check online reviews and ratings – Search for the basic information of your buyer, their reviews, and ratings. This will help you make the right decision.

 Places to Sell Gold in Sydney

 

  1. Local Jewellers

The easiest way to sell gold jewellery is to sell it at your nearest local jewellery shop. Even if you don’t wish to sell or are unable to sell, you can get the estimate or real value of your gold. If you are unhappy with the price, visit other jewellery shops and bargain on the spot.

 

  1. The Pawn Shops

Pawnshops are the second most popular places to sell gold. Please keep in mind that the pawn shops are profit-making businesses and they attempt to give the seller as little value for their jewellery as they can. If you are desperate to sell your jewellery, in a hurry, or take the first offer made, odds are that you might get the lowest value of your gold. The best way to get the best offer from your pawnshop deal is through a bit of research.

 

  1. Postal Gold Websites

The postal gold website offers online quotes. Once you receive the quote, send your gold for verification after which they make an offer to you. Before sending your jewellery to the gold website, research the company and read their reviews and ratings. Know the karat of your gold before you start the selling. 14 karat gold jewellery means your jewellery is fourteen parts gold and ten parts other forms of metals. Karat values are the same throughout Australia and other parts of the world.

 

  1. Online Gold Exchange

Online gold exchange helps you buy and sell gold with many benefits. Trading with online gold exchange is easy as investors have to buy at least 1 unit of gold. You can buy and sell gold Exchange Traded Funds with easy steps at any time. What’s more? You can buy and sell gold from any part of the country without the stress of different taxes. Don’t forget to check the rates of gold online before selling. 

If you are still confused about where to sell gold in Sydney, visit your local jeweller, pawn shop and online gold website and compare the prices. Then you can go with the place that is offering you a higher value of your gold jewellery.

Gold Exchange Universe is Sydney’s most trusted gold dealer. Sell gold in Sydney and get the highest price for your jewellery. Get your quote today.

5 Handy Tips When You Sell Gold

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Wedding Rings

Gold is one of mankind’s most valuable and treasured items. For over 6,000 years, gold has been the backbone of our wealth and financial system. Unlike money, the price of gold rises during times of panic such as disaster or financial crisis. Also, gold grew during the most severe recession periods in the world. So, those who invest in gold will only gain profit. Since it is a rare metal, there can never be an oversupply in the market. If you reside in Australia, you can be sure of the investment since it is one of the safest and most stable countries in the world.

 Before you sell gold in Sydney, here are a few handy tips that will help you get the best value for your gold. 

  1. Learn the scales

The weight of gold determines its value, but jewellers use a different measurement standard called a Troy ounce. Some jewellers might use a system of weights called pennyweight to measure a Troy ounce, while others will use grams. 1 pennyweight is equal to 1.555 grams. Beware of the scale. If your dealer weighs your gold by pennyweight but pays you by the gram, report him

  1. Know Your Karats

A 24 karat pure gold is too soft to be used; therefore, it is combined with other metals to create durability and colour. One karat = 1/24 of pure gold by weight. So, 14 karats mean that the jewellery is 14 parts gold and 10 parts other metals. If the jewellery is less than 10 karats, it’s illegal to be labelled as gold. Also, keep your karats separate. Some dealers will weigh all your jewellery together and pay you for the lowest karat value. Separate your jewellery by karats before selling it.

  1. Know the Current Market Price

Search online to verify the current market price for gold before you sell. Dealers know that you are looking for quick cash to put in their pockets. So, they might offer you money for your gold that is lower than the actual value.

  1. Know Your Buyer

Search for the basic information of your buyer, their reviews, and ratings. This will help you make the right decision.

  1. Know Your Selling Items

Some gold items may be worth more than you’ve calculated. If your gold necklace or bracelet is manufactured by a well-known designer or maker, it cost much more than the actual value.

 Sell Gold Sydney Australia is one of the most trusted buyers in the city. Sell gold jewellery in Sydney and get the best value for your gold.