How To Get The Best Value For Your Gold
Have some gold lying around in your home that you want to exchange for cash? You may have seen offers from different gold shops and gold dealers and are tempted to sell your gold. However, it may be a confusing process especially if it is your first time selling gold. Here are some things you should take note of in order to get the best value for your gold.
Shop Around and Get Different Quotes
To get a rough gauge of the amount you should receive for your gold, you can check the London Bullion Market Association for the value of today’s gold. You should then check the global pricing before heading out to look for quotes. Shop around and visit different shops and buyers to see how much they will offer you for your gold items. You should also research on reviews other sellers have given these shops in order to avoid any shops that try to low-ball buyers or even scam buyers.
Understand Why Prices of Gold Fluctuates
The price of gold is continuously fluctuating as the supply and demand of gold always changes. When there is a higher demand but lower quantities available, it means that there will be a higher return for the seller. However, there is only a limited amount of gold in the world. As such, gold production levels will likely decline in the future. The current market condition will influence gold prices.
Know the Value of Your Gold
Another tip is to know the value of your gold so you will be able to sieve out unfair deals from individuals or businesses trying to buy your gold off you. You can test your gold by using a strong magnet on it. If your gold item appears to be magnetic, it is likely made with gold of lower quality or an imitation piece. Gold jewelry has different karats, from 10k to 24k, with 24k gold being the purest gold. A lower number simply means that a higher proportion of other metals have been added to your gold, such as zinc, copper or nickel. You will only be paid for the parts of your jewelry that are made of pure gold.
Getting an appraisal from a jeweler is also a good idea, especially for heirloom pieces that may be antique. This is because such pieces may have a higher appraisal value than its weighted value. Make sure to go to a professional jeweler to do this to get an accurate appraisal value.
Avoid Making Impulsive Decisions
Ensure that you are educated and know what to expect when you seek out a gold buyer or dealer to sell your gold. Avoid making impulsive decisions to sell your gold just because you are tempted by the extra cash. By making a decision on impulse and not having researched before selling, it is likely you will end up with less cash than if you had researched extensively to get the best deal possible. The dealer you choose to sell your gold to should be able to clearly explain to you your gold offer per gram, so that you will be able to compare with the industry’s gold prices. If they are unclear or vague, you should probably look for another buyer.
Have some gold to sell? AGR offers the best prices and provides fast and efficient services to exchange your gold for cash. We pride ourselves on our customer service and treat all our clients with utmost respect and honesty. We promise to go the extra mile so that our clients will leave satisfied. Feel free to contact us today to get a free quote on the gold items you intend on selling.