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How do you encash your unwanted gold with the right seller

With new technology and upgrades in knowledge and information, people are understanding the importance of investing and saving money. Traditionally investing in Gold is one of the safest and best options for the majority of people. Even now people prefer to invest in Gold as their future savings. One of the major reasons for gold as an investment for many people is its ability to encash. It’s one of the priced assets, whose value doesn’t deteriorate. That’s why often when people are in dire need of money, they sell their gold. 


Even if they do not need money, people sell their used jewelry to build modern ornaments. Every individual wants to upgrade themselves, when it comes to jewelery purchasing new ornaments is quite expensive in today’s time. So, more or fewer people search for cash for gold to create new ones.

Whether you are selling your gold jewelery for buying new or to encash it for other purposes. There are a lot of things that go into selling and purchasing gold .

To buy gold, refining, and design charges are added by jewelers to solid plain gold. Similarly, when you are selling gold, they are going to offer you a price minus their refining charges. That’s why you need to find the best place to encash gold.

What is the value of your gold at the moment?

The price of gold fluctuates with highs and lows, but on average it has only grown higher. Whenever there is a decline in the stock market, there is an increase in the gold price.  Apart from price, there are factors like quality, karat goes into selling or buying. 24-carat gold is pure gold while 16, 18, or less karat gold is a mixture of gold with other alloys.

To sell your gold at the right place, you need to get your gold appraisal. A gold appraisal is a test to evaluate your gold. Getting your gold appraised is the first step to encashing your unwanted gold.

After you know your gold value, the first thing that comes into your mind is where to sell gold jewelery for the best price

To sell your gold jewelery there are many ways. Some people prefer online platforms while some prefer traditional ways.

Know  the right ways to sell your gold 

Local stores: The majority of people have one question about where to sell my gold near me. They visit the stores, get their gold valued and negotiate prices on the spot to sell. However, you need to know that when you sell gold in local stores, they offer less value to customers. The only thing best about selling near you is safety and immediate results.

Pawn shops: Pawn shops are third-party sellers or buyers of gold. They also offer less value for gold

Online buyers: You can find many authentic buyers online to sell your gold such as through auctions. However, in online selling, you need to take precautions as it can be unsafe

Find their authenticity 

When you are selling your gold, you need to check if it is authentic or not. There are many scammers out there who are looking for people selling gold. So, it is important to find their authenticity. To check the authenticity of gold, check their gold buying certification. In India buying gold is a part of a legal service that requires some certification. So, whenever you are selling your Gold, it is necessary to check they have the right certificate.It is a factor of trust in the process of the gold sale.


When you plan on selling the gold, it’s good to bring your purchasing bill. If you do not have your purchase bill, some buyers might offer you less price for the gold.  When you’re contemplating how to sell gold for cash you need to segregate your Gold for karats.

Segregate any jewelery, coins or anything in Gold you have. Before you sell your Gold to buyers it can help you check the weight and evaluate its value. Moreover, before you consult any bar it will help you understand what rate exactly your Gold will sell.

Check the current gold rate, and get a gold appraisal. Gold appraisal before you consult a buyer will help you understand at what value you can sell gold for cash. You can save yourself from scammers as well as selling your gold at a low value.

Evaluate the online platform

Selling your gold online can be a dicey situation as not all things are good online. Many hackers and scammers are roaming online that look authentic but are not. Whenever you are going to purchase gold you will always consult your friends or in your network to get recommendations. Similarly, when you are going to sell your Gold for cash you can look around your network to find the best buyer. If not you can sell your mole online. However, you need to make sure the buyer is authentic. There are many ways to check authenticity such as their previous clients, their way of working, price, selling certification, etc. You cannot send your gold by post to anyone without knowing who they are. So, research thoroughly about online buyers of gold before proceeding.

Final Thoughts

Whether you are looking for how to sell silver coins for cash or how to sell gold. There are a few things that should be taken care of, to protect yourself from scammers or selling at a loss. This guide will help you cash your gold in the right way with the right people. You can use this guide to find the right way to sell your gold. If you are looking for someone, we can help you with selling gold at the best prices.

Also Read :- 5 Ways to Reduce Your Personal Loan Interest


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