How Gold Buyers Help You Sell Gold With No Difficulty

If you bought gold long ago or maybe got it as a gift, then you should know that you can make quick cash by selling it. Did you know that selling gold is easy if you reach out to any gold buyers around your locality?

If you want to sell gold jewellery, then you will come across three types of gold dealers, namely gold buyers, pawn shops and local jewellery stores. You can choose anyone among these and sell your gold and get cash for it. But, you should know that each of these gold dealers payout different values for your gold jewellery.

To sell gold with no hassles, you need to know the difference between the three of them.

Gold Buyers

These gold dealers help you sell gold to them and they offer cash for your gold. They pay over 90% of your gold jewellery value. Some gold buyers also help you release pledged gold and give you the remaining value that your gold is worth.

Pawn Shop

These gold dealers help you pledge gold and sell gold as well. The risk of selling your gold to them is that if you don’t have valid documents as proof, then there are chances you might get tricked. 

Jewellery Store

These gold dealers only help you replace your old jewellery with a new one. When you take your old jewellery to these dealers, they will take in your old gold jewellery and adjust the amount it is worth to the new one’s value.

End of note, it is better if you visit a gold buyer when you want to sell gold, instead of selling it to other gold dealers.

How to Sell Gold to Gold Buyers?

# Visit the Gold Buyer’s Store

When you are about to sell gold, make sure you visit the store first. This way, you can get a rough estimate for your gold. You will also be able to bring any documents that you forgot to carry along. 

# Carry your Documents

The reason that you need to carry your documents is that it would act as proof that you are the rightful owner of the gold that you are about to sell. Second, it will resolve any issues that you might face, such as wrong karat evaluation, weight differences,. 

# Transparent Process

If you want to sell gold without being tricked, then you should make sure your gold buyer has a transparent process. 

A transparent process is one where everything happens right in front of you. Once you handover the ornaments to the gold buyer, they should process it all without keeping your gold out of sight.

# Right Evaluation

Another thing that you need to worry about is the right evaluation. A right evaluation is when the gold buyer cleans, weighs and identifies the karat of gold. 

First is the cleansing of gold. The gold buyer would cleanse your gold for any dirt found on your ornaments. Next, they check the karat of gold and determine the weight of gold on your ornaments. 

The last thing is finding the exact value for your gold. You should know the value shown here is the total value for your gold on that day’s gold rate.

# Instant Cash for Gold

Finally, after you accept the value offered by the gold buyers, you will receive instant cash payment. You should receive your payment within 4 hours or else instantly.

Instant payments are cash payments and transactions through UPI payments. The payments that take up to 4 hours are bank transfers such as NEFT, RTGS and IMPS. The reason for this 4 hours is due to adding beneficiaries.

Never accept payments as cheques or demand drafts. Instantaneous payments should be the only acceptance from your end.

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