Are you wondering why to sell old gold for cash?
Are you thinking of selling old gold but confused if you should sell it or not?
In this article, you will come to know the valid reasons on why you should sell gold for cash.
Jewel House is a top old gold buyer near you in Chandigarh India whose founder and employees have immense knowledge of the business with experience of the several years in gold industry.
Why to sell gold for cash?
Gold is a precious metal valued throughout the world. It is entrenched in some cultures as a form of prosperity and saving. People prefer gold investment via gold coins, bars, and ornaments because it can turn out to be savior for their sinking boat i.e. they can sell their gold in times of the trials & tribulations. Below penned are reasons why one should sell gold for cash:
- Financial Emergency: Bad times don’t knock on your door before arriving. If an urgent need of money arises, you can sell your gold to a reputed gold buyer at the best possible price. For instance, you become financially unstable owing to desolated divorce or some family member is sick whose treatment required thick bucks, in that situation you can exchange gold for cash. The process ‘How to exchange gold for cash’ is quite simple and comprehensible.
- Not able to sell it any other way: Some gold buyers don’t accept your gold without bill for genuine reasons like fear of transacting unauthentic gold jewelry. Jewel House, on the other hand, buys gold from you at the best possible price even without a receipt. You just have to show your Identity proof to us for respective transaction. Click ‘how to sell gold without bill’ for further information.
- High market price:It is preferable to sell gold when the market price of gold is sky-high. Who wants to be in loss unless in case of an emergency?
Procedure of converting gold into cash
Jewel House has simplified the process of selling gold for customers. Follow the simple steps to sell gold for cash:
- Step1: Divide your old gold jewelry into two categories. In the first category, keep the gold ornaments with whose purity you are well-versed with. In second category, keep the gold ornaments with unknown purity.
- Step2: Look for the current price of market. A customer must be aware and knowledgeable which will reduce the slightest chances of being scammed.
- Step3: When you come at Jewel House, you’ll be taken to cabin so that one-to-one interaction between customer and highly-skilled trainers can take place. There purity of your gold will be examined in front of you followed by valuation.
FAQ
Q1. Is converting gold into cash worth it?
A1. Its depends upon many factors. For instance, if you need money urgently, you won’t think much about profit or loss and you’ll sell you gold for money. However, if you are selling gold after you come to know that market price of gold is high, then you must choose reputed gold buyer who can buy your gold at best possible price.
Q2. How do you convert gold into cash?
A2. Jewel House has simplified the procedure of selling gold for cash for customers. To know about the full procedure of converting gold into cash, click how to convert gold into cash.
Q3. Which is the best way to sell Your Old Gold?
A3. The best way to sell your gold is through a reputable buyer, as you’ll get a better price than you would sell through a local pawn shop or jewelry store.
Q4. How much should I get for selling gold?
A4. If you’re selling Gold ornaments, a reasonable settlement would be 70% to 80% of the market value. If you’re selling Gold Coins a reasonable settlement would be 90% of the market value.
