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How to Sell Gold for Cash?

How to sell gold for cash
March 12, 2021

Welcome to Jewel House. In this article, you’ll know ‘How to Sell Gold for Cash?’ 

Established long ago, Jewel House is a top-notch player among other gold buyers in Chandigarh that acts as a one-stop destination serving customers in both Chandigarh and nearby regions. 

Jewel House firmly stands on the belief that customer satisfaction is as important as feathering their nests. This belief has helped this establishment garner a broad range of faithful customers. 

Jewel House has employed trainers that are dedicated to their assigned roles and toil hard to achieve the common objective of the company. In the coming years, the company aims to expand its line of products and services and cater to a larger client base. 

The name Jewel House blooms owing to the fact that it receives positive testimonials and word-of-mouth from its customers. 

How to Sell Your Old Gold for Cash?

In this section, you’ll get detailed information about ‘How to Sell Gold for Cash?’

Collect the gold ornaments that you want to convert into cash along with their bill. A genuine seller like Jewel House always asks you to present an original bill while converting gold into cash. This helps minimize any kind of conflict since the purity of your gold ornaments is mentioned in the bill. You can also sell your Gold Jewelry for Cash at Jewel House even without a bill. Click here to know how to sell gold for cash without a bill. Know the current spot price in the gold in the market, not because we won’t apprise you of the accurate information, but we believe that it is mandatory for a customer to have full knowledge of the know-how of business deals they are conducting. 

Now, you have known the full-fledged process of ‘how to sell gold for cash?’, you should have a look at tips for selling gold for cash. 

Tips for  ‘How to Sell Gold for Cash?’

  1. Before you can get an estimate for your gold jewelry, you need to know what you possess. First, you shall get the weight in grams. Next, determine the purity by karat. Sometimes this is marked on the item (e.g. 18K). If it is not, you should get a gold testing kit or consult an expert. Finally, calculate how much pure gold the item carries. Divide the karats of your item by number 24. Then, multiply that resultant by the weight in grams. This is how much pure gold you possess.
  2. To get the best price for your gold jewelry, you’ll need to have an understanding of your item’s value as well as the current market trend. i) Try to comprehend How Gold Market Value Works ii) Search for the Up-to-Date Value of Gold iii) Calculate the Market Value iv) Carry out your research. 
  3. Make sure you are well-versed with the value of gold before selling. The best way to know if you should sell your jewelry instantly or wait is to look at how investors are behaving. When gold prices fall, investors purchase more of it. This ain’t good for you! Wait until prices soar. Gold prices often increase when other types of assets, like stocks, fall. 
  4. Visit Jewel House to get appraisals. No gold buyer is going to make a 100% commitment to offer you a certain price before they see the gold jewelry themselves and make an evaluation. But many will provide you an estimate based on pictures.
  5. While you may have a good bond with a local jewelry business, they’re less likely to offer you the most cash for your gold. Online gold buyers don’t have the same overhead costs that brick-and-mortar jewelry stores do, so they can often be more competitive. There are lots of scammers out there. Avoid them by getting an additional evaluation on the price of your item and doing painstaking research into the company.