In India, people tend to sell gold items in case of emergency cash requirements. Sometimes, your gold jewellery is damaged or broken, and you would like to sell the same and purchase new ones. At such times, it is suggested to sell your gold for cash. Selling gold has become very professional these days as buyers use sophisticated machines to evaluate gold's purity and value.
Here's a list of 5 places where you can sell your gold to get instant cash :
If you have gold coin jewellery, coins, or any other type of gold that you wish to sell quickly for cash, selling it online will get you the best price.
Many well-known Gold buyers in India, such as Muthoot Gold Point, buy gold online and offer the best price. Also, it's seen that the prices offered by gold buyers online are quite attractive because it's much more economical to run a business online than it is to run an extensive network of physical, brick-and-mortar locations. Thus, online gold buyers can afford to take a lower margin on the products they purchase and then sell. This means that sellers will get a better price than you usually would from a brick-and-mortar store.
If you have gold bullion, then, selling to a buyer that only specializes in gold jewellery is not advisable, as you will receive less than you would get by selling to a gold dealer that specializes in gold bullion.
Buyers such as Muthoot Gold Point can give you a better rate for gold bullion or coins. These days, online gold buyers also provide a quote based on the weight of gold that you want to sell, then give an address for you to send the gold through an insured, track and trace delivery service. Some buyers also work with local partners at which you can drop off the gold. There are several gold buyers in Chennai that offer doorstep service to pick up the gold item.
If you have broken gold jewellery to sell, you can generally take it to the same places to sell as other gold items. Some local jewellers and pawnshops will buy broken gold items.
The value of broken gold items is based on their scrap gold value. We recommend selling your gold scraps to well-known buyers. It will ensure you prices significantly better than pawn shops and local jewellery stores.
Many pawn shops in India buy gold jewellery and coins. Selling gold to a local pawn shop is a convenient way to sell your gold for instant cash. However, you will always get a lower price than you would by selling to a trustworthy online gold buyer.
The main reason for this is that pawnshops make most of their revenue by loaning money to their customers. Therefore, to get a good return on investment by buying gold, the pawnshop will require to buy it for a low price to sell it with a reasonable profit margin.
You can also sell your old gold jewellery to a local jewellery store. Since this is a local option, you will get immediate payment for your gold jewellery.
Selling gold prices today are currently at their highest levels. If you have old gold jewellery or gold bullion, selling it can be an excellent way to get cash instantly while taking advantage of gold jewellery price today in bangalore.