Selling Gold: How to Recognize a Fair Offer?

Selling gold can be a complex process, especially if you're not familiar with the market. But how do you know if the offer you receive is really fair? How to avoid the pitfalls and make sure you get the best possible price for your gold jewellery? In this article, we will guide you through the essential steps to recognize a reliable and advantageous offer.

1. Know the Value of Your Gold

Before you even get in touch with a buyer, it's crucial to know the intrinsic value of your gold. This value depends on two key factors:

• The Weight of Gold: Expressed in grams or ounces.
• The Purity of Gold: Measured in karats (K). Pure gold is 24K, but it is often alloyed with other metals.

Have your gold appraised by an independent expert to find out its exact weight and purity.

2. Track Market Price

The price of gold is constantly fluctuating based on global supply and demand.